Governor Laura Kelly appointed David Herndon as Bank Commissioner for the state of Kansas.
The commissioner oversees the Office of the State Bank Commissioner, an office that regulates all state-chartered banks, trust companies, mortgage businesses, supervised lenders, credit service organizations, and money transmitters that do business within the state of Kansas.
“I’m pleased to appoint David to serve as Bank Commissioner,” Kelly said. “His extensive banking and leadership experience makes him an unparalleled choice for this position.”
Herndon, a Shawnee resident, has over 30 years of experience in all phases of management. Currently, Herndon is sole proprietor of CMC Professional Services. Previously, he served as senior vice president at VisionBank. Herndon graduated with a master’s degree in banking from the University of Wisconsin, and a bachelor’s degree in business administration from Baker University.
Per K.S.A. 75-1304, the appointed bank commissioner must have at least five years of experience as an executive officer in a state or national bank located in Kansas. While serving as bank commissioner, the commissioner must not be an officer, voting director, employee or paid consultant of any state or national bank or bank holding company, or any affiliate of a state or national bank or bank holding company, or any other entity regulated by the commissioner.
Herndon will serve as Acting Bank Commissioner pending Senate confirmation.