WASHINGTON--The Federal Financial Institutions Examination Council’s (FFIEC) State Liaison Committee (SLC) has elected Thomas Fite as SLC Chairman.The SLC Chairman’s one-year term runs from May 1 until April 30 of the following year. The SLC can re-elect the chairman for additional terms.
Additionally, the FFIEC announced the reappointment of Fite to the FFIEC’s SLC. Fite is an active member on the SLC, first confirmed by the Council to complete a partial-term vacancy in September 2017, and then reappointed to his first full two-year term in May 2019. Fite’s second full two-year term runs from May 1, 2021, through April 30, 2023.
“I want to congratulate Tom—a fellow Hoosier—on being named SLC Chairman and on his reappointment to the Committee,” said Todd M. Harper, FFIEC Chairman and Chairman of the National Credit Union Administration. “Tom’s examination and supervision acumen, along with his state regulatory experience and working knowledge of the SLC, make him an ideal choice for Chairman. I look forward to working with him on the important work of the Council.”
During Fite's tenure on the SLC, he has been the state regulatory agencies’ representative on the FFIEC Task Force on Supervision for more than four years. Additionally, Fite has served on the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) Bank Secrecy Act Advisory Group. Fite served on the joint Interagency Supervisory Process Committee and in 2020 was named Vice Chairman of the Board of Directors for the Conference of State Bank Supervisors (CSBS).