Senate Approves Governor’s Nominee For Superintendent Of Banks

Hugh T. Farley

March 26, 2009

The New York State Senate today voted to approve the Governor's nomination of Richard H. Neiman as State Superintendent of Banks.

Mr. Neiman appeared before the Senate Committee on Banks, chaired by Senator Hugh T. Farley (R,C - Schenectady). Following questioning, the Committee recommended approval by the entire Senate.

"Given the size and significance of New York's financial services industry -- 3,600 State-chartered banks and licensees with total assets of $1.5 trillion -- the Superintendent of Banks is one of the most important positions in State government," Senator Farley said. "I commend Governor Spitzer for sending us such a highly-qualified nominee."

Immediately prior to his nomination, Mr. Neiman served as Chairman, President, and Chief Executive Officer of TD Bank USA in New York City. TD Bank USA, with $15 billion in assets, is a wholly-owned subsidiary of the Toronto-Dominion Bank. Mr. Neiman has held a number of leadership positions in the financial services industry. He also served as Director of Regulatory Advisory Services for Price Waterhouse, and worked in the office of Chief Counsel to the Comptroller of the Currency in Washington, DC. He is a graduate of the American University School of Government and Public Administration, and received his law degree from Emory University School of Law.

"Richard Neiman has a unique perspective on the banking industry, having been a bank president, a bank regulator, and a consultant to the industry," Senator Farley commented. "His skills are a perfect match to the Senate's goals of ensuring consumer protections and fiscal soundness in a vibrant and growing financial services sector. He will make an outstanding Superintendent of Banks."