June 11, 2013

Missouri Division of Finance: Veteran bank regulator named deputy director

Hardman has been with department since 1984

Jefferson City, Mo. - The Missouri Division of Finance announced today that Debra Hardman has been named the new deputy director. Her appointment to the position is immediate. She replaces Greg Barlow, who retired May 31.

"Debbie has a wealth of experience and technical expertise from her 29 years of service within the division," said John M. Huff, director of the Missouri Department of Insurance, Financial Institutions and Professional Registration. "She will work to strengthen and grow the banking industry in Missouri. I am delighted Debbie will be part of Commissioner (Rich) Weaver's leadership team."

Hardman obtained a bachelor's degree in accounting from Truman State University and is a graduate of the Graduate School of Banking in Boulder, Colorado. 

Hardman began her career with the division in 1984 as a field examiner. She was responsible for in-depth analysis of bank safety and solvency. In 1991, she was promoted to financial examiner specialist. Her responsibilities included reviewing bank mergers, requests to branch or expand, changes to corporate structure, stock issuance, and bank closures or sales. She also performed tasks such as analysis of a bank's financial condition. In 2011, she became a review examiner, which gave her the added duties of reviewing and analyzing bank and savings and loan examination reports prepared by field staff.

The Division of Finance was established in 1907. Missouri ranks fifth in the nation in the number of state-chartered banks with 265. They have assets of more than $96 billion. The division regulates state-chartered banks, trust companies, consumer credit facilities, mortgage brokers and originators, and savings and loan institutions. Its primary objectives include ensuring the safety and soundness of those institutions and the monitoring of compliance with laws and regulations, thereby ensuring bank deposits are safe and consumers are protected. The division is part of the Missouri Department of Insurance, Financial Institutions and Professional Registration.