Banking Board of Illinois, State
Board and Commission Details
Contact Name
Susan Soriano
Contact Title
Acting Director, Division of Banking
Contact Phone
312-793-3743
Contact E-Mail
Susana.Soriano@illinois.gov
Function
The Board provides advice and guidance to the Division of Banking with respect to the supervision and regulation of state chartered banks and trust companies. Also serves as the Board of Trustees of the Illinois Bank Examiners' Education Foundation. Approves investments and expenditures of Foundation funds.
Term
4 years. No member to serve more than 2 full 4-year terms.
Senate Confirmation
Yes
Party Affiliation
Not considered
Qualifications
Public members may not be an officer or director of or owner, whether directly or indirectly, of more than 5% of the outstanding capital stock of any bank
Compensation
Expenses only
Composition
13 members (12 appointed by Governor): The Director of Divison of Banking, who serves as Chair. 2 members of the public Industry representatives from banks with asset sizes as follows: 2 representatives from banks with assets of $0 to $ 75 million 2 representatives from banks with assets of $75 to $150 million 2 representatives from banks with assets of $ 150 million to $500 million 2 representatives from banks with assets of $500 million to $2 billion 1 representative from assets over $2 billion; 1 representative from a savings bank organized under the Savings Bank Act.
Chair
Director, Division of Banking, Department of Financial and Professional Regulation
Authority
205 ILCS 5/78
Member Names
| Name | Member Expiration | Member Since | Affiliation | Appointed By | Position | Title | County |
|---|---|---|---|---|---|---|---|
| Vacant | 12/31/2023 | Governor | Banks with assets of $150 million to $500 million | Member | |||
| Field, Mark | 12/31/2018 | 12/16/2011 | Governor | Banks with assets of $0 to $75 million | Member | Adams | |
| Vacant | 12/31/2021 | Governor | Banks with assets of $500 million to $2 billion | Member | |||
| Paracchini, Alberto | 12/31/2020 | 02/15/2016 | Governor | Member | Banks with assets over $2 billion | Cook | |
| Marantz, Tom | 12/31/2018 | 11/02/2015 | Governor | Banks with assets of $500 million to $2 billion | Member | Sangamon | |
| Vacant | 12/31/2022 | Governor | Banks with assets of $150 million to $500 million | Member | |||
| Vacant | 12/31/2021 | Governor | Banks with assets of $75 million to $150 million | Member | |||
| Vacant | Governor | Banks with assets of $75 million to $150 million | Member | ||||
| Vacant | Governor | Banks with assets of $0 to $75 million | Member | ||||
| Vacant | 12/31/2023 | Governor | Public member | Member | |||
| Soriano, Susana | Statute | Director, Division of Banking | Chair | ||||
| Derezinski, Lisa | 12/31/2014 | 12/16/2011 | Governor | Public member | Member | Cook | |
| Vacant | Governor | Savings bank under the Savings Bank Act | Member |