Nebraska Department of Banking and Finance Director John Munn Retiring

Nebraska Gov. Dave Heineman announced this week that John Munn, who has served as the director of the Nebraska Department of Banking and Finance since January 2005, is retiring.

Munn has served the department for nine years—the third longest tenure of a Nebraska banking regulator since the State Banking Board was established in 1892, according to a statement released by Heineman’s office.

“John was an asset to the Nebraska Department of Banking and Finance as well as to NASCUS, and he will be missed,” said NASCUS President and CEO Mary Martha Fortney. “We thank him for his efforts on behalf of state-chartered institutions, and specifically state-chartered credit unions, over his many years of service.”

Under Munn’s leadership, the assets of state-chartered banks the department supervises have more than doubled, from $16 billion to $35 billion. Twenty-nine Nebraska banks converted from national and federal charter to Nebraska state charter. The department currently regulates 175 of the 200 Nebraska-domiciled banks. Munn represented all state banking and credit union regulators from 2008 to 2013 on the Federal Financial Institutions Examination Council (FFIEC). Munn is the former chairman of the FFIEC’s State Liaison Committee.

Munn’s last day with the Nebraska Department of Banking and Finance will be May 2. Heineman is naming Ray Pont, who has served as the department’s deputy director since December 1986, acting director. Pont has served twice previously as acting director of the agency.

 

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