The Office of Financial Institutions (OFI) is responsible for the supervision of various entities which provide financial services to the citizens of the State of Louisiana. The Office is divided into three major divisions based on general types of institutions regulated - the Depository Institutions Division, the Non-Depository Services Division, and the Securities Division. Although the number of OFI-regulated depository institutions has decreased, the number of non-depository entities which this office regulates has increased substantially. An overview of the last five years of activity can be seen in the accompanying table.
Meet the Commissioner
John P. Ducrest, a native and resident of
Broussard, Louisiana, was first appointed as Commissioner of the Office of
Financial Institutions on June 8, 2004, and subsequently reappointed on
January 10, 2008 and February 24, 2012. On February 2, 2016, Ducrest was
reappointed by Governor John Bel Edwards to serve another four year term as
Commissioner. Ducrest has served as Chairman of the Conference of State
Bank Supervisors from January 14, 2011 through May 21, 2012, having
previously served in several leadership positions with that
served on the Financial Stability Oversight Council (FSOC) from March 2012
through September 2016.