GOVERNOR-ELECT MALLOY REAPPOINTS BANKING COMMISSIONER HOWARD PITKIN

 

December 28, 2010

(HARTFORD, CT) - Governor-Elect Dan Malloy announced that he has chosen to reappoint Howard Pitkin to be the commissioner of the Connecticut Department of Banking. Commissioner Pitkin has lead the department for more than five years, and began his career at the Department of Banking more than 30 years ago.

 

"Howard Pitkin has had a long, successful tenure at the Department of Banking, and I've been impressed with his leadership since becoming commissioner five years ago," said Governor-Elect Malloy. "The Connecticut Department of Banking will play a large part in our state's economic recovery and I'm pleased he will continue in this role."

 

"I appreciate Governor-Elect Malloy's confidence in me, and I'm looking forward to continuing on in my current role under his leadership," said Commissioner Pitkin. "Connecticut consumers need to have confidence in their banking institutions as we begin to reemerge from the recession and move toward recovery."

 

Prior to his appointment as commissioner, Pitkin was Chief of Administration at the Department of Banking, which included overseeing the agency's technological initiatives, and restructuring the bank examination and credit union divisions into the financial institution division.

 

As Banking Commissioner, Pitkin has jurisdiction over Connecticut's laws pertaining to commercial banks, savings banks, savings and loan associations, credit unions, consumer credit, broker-dealers, investment advisers, securities, tender offers and business opportunities.  He oversees the supervision of 40 state-chartered banks and thrifts and 34 state-chartered credit unions and heads a department with approximately 118 employees.

 

In his capacity as Banking Commissioner, Pitkin serves as an Ex officio Member of the Boardof the Connecticut Housing Finance Authority. He also serves on the Board of Directors of the Community Economic Development Fund Foundation.  In addition, Commissioner Pitkin is a member of the Conference of State Bank Supervisors (CSBS), a professional association of state banking regulators.

 

His past professional associations include time spent on various committees of the Conference of State Bank Supervisors and the board of the National Association of State Credit Union Supervisors.

 

Commissioner Pitkin graduated from Stonier Graduate School of Banking at Rutgers University and is a veteran of the United States Army Reserve. Commissioner Pitkin resides in South Windsor Connecticut.  He has two children and three grandchildren.