Dorsey Hall
to Oversee Kentucky Lenders
DFI Appoints New Director to Division of
Nondepository Institutions
FRANKFORT, Ky. (April 24, 2018) - Dorsey Hall
has joined the team at the Kentucky Department of Financial Institutions (DFI) as
the director of the Division of Nondepository Institutions, effective April 16,
2018. Hall has more than 38 years of banking experience in Kentucky,
specializing in commercial banking and lending at community banks across the
state.
“The
Division of Nondepository Institutions is a growing division with potential for
expanding economic opportunities in our state, as well as potential for growth
for our department. It’s exciting to be on the team,” said Hall. “The staff is
professional, educated, mindful, and passionate about their work.”
As division
director, Hall is responsible for the regulation of nondepository institutions
operating in Kentucky, including mortgage loan companies and brokers, mortgage
loan originators, consumer loan companies, check cashers, and money
transmitters. Through its four branches, the division examines companies,
issues licenses and registrations for entities and individuals, and
investigates complaints and suspicious activity. The division also provides educational
materials and outreach to protect consumers from financial fraud.
“I’m excited
to welcome Dorsey to the team,” said DFI Commissioner Charles Vice. “His
financial services industry experience and management expertise will be a
benefit to the Department, the industry we regulate, and consumers.”
Hall’s
career highlights include 26 years as the president and chief executive officer
of two large community banks headquartered in Kentucky and 12 years as an
operations officer and commercial lender at a national bank in Lexington. He also
has previously served on several boards, including the Federal Reserve Bank of
Cleveland Community Advisors Board, the Kentucky Real Estate Appraisers Board,
and the Kentucky Department of Financial Institutions Board.
He currently
serves on the Kentucky Economic Development Finance Authority. He is a graduate
of the University of Kentucky and the Louisiana State University Graduate
School of Banking. He is married with one child and lives in Lexington.
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DFI, http://kfi.ky.gov,
is an agency in the Public Protection Cabinet. For more than 100 years, it has
supervised the financial services industry by examining, chartering, licensing
and registering various financial institutions, securities firms and
professionals operating in Kentucky. DFI’s mission is to serve Kentucky
residents and protect their financial interests by maintaining a stable
financial industry, continuing effective and efficient regulatory oversight,
promoting consumer confidence, and encouraging economic opportunities.
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