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|The Pulse (03-21-2017)|
Volume 6, Issue 12
Minn. Department of Commerce Names Acting Deputy Commissioner of Financial Institutions
Recently, Minnesota Department of Commerce Commissioner Mike Rothman appointed Sarah Butler as the Department’s Acting Deputy Commissioner of Financial Institutions. In this role, she leads the Financial Institutions team responsible for state regulatory oversight of state-chartered financial institutions and non-depository entities doing business in Minnesota. These include state-chartered banks, credit unions, thrift companies, trust companies, finance companies, mortgage-related businesses, money transmitters and other licensees.
Butler also serves as the Department’s Chief Examiner of all non-depository financial institutions licensed in Minnesota. In addition, she serves on the Board of Directors of the Money Transmitter Regulators Association.
Butler has 25 years of experience in banking and lending. Before joining the Department in August 2015, Butler served first as Director of Non-Depository Institutions and then as Acting Deputy Commissioner with the Kentucky Department of Financial Institutions. She previously served as a Risk Management Examiner with the Federal Deposit Insurance Corporation, where she led bank examinations on large, complex and troubled financial institutions in the South Florida region. She also worked in commercial lending and banking in Kentucky and Florida.
Butler earned a bachelor’s degree in business administration from Barry University and an MBA from Palm Beach Atlantic University.
April is nationally recognized as National Credit Union Youth Month™, to highlight the importance of financial literacy and teach Americans how to establish and maintain healthy financial habits.
If your credit union has special events planned during the month, please let the Network know by contacting MnCUN Director of Communications Andrea Molnau. MnCUN will include stories and events in our communications and announcements about Financial Literacy Month.
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