State Commissioner of Financial Services
In 2018, Patty Salazar was appointed to serve as the State Bank and Financial Services Commissioner. She oversees two separate financial divisions at DORA — the Division of Banking and the Division of Financial Services.
The Division of Banking is responsible for the regulation of state chartered commercial banks, trust companies, and state licensed money transmitters as well as the enforcement of the Public Deposit Protection Act. The Division of Financial Services regulates state-chartered credit unions and savings and loan associations, and certain financial activities of state life care institutions.
Prior to serving as the State Bank and Financial Services Commissioner, she served as the Colorado Financial Services Commissioner at DORA through an appointment in 2015. In July 2016, she was then appointed as DORA Deputy Executive Director and in December 2017, she was re-appointed as Interim Financial Service Commissioner upon the departure of the previous Commissioner.
She came to DORA from the California Department of Business Oversight where she served as a deputy commissioner responsible for public affairs, policy development, performance planning and managing the department’s consumer services office. Previously she served at the California and Nevada Credit Union Leagues advocating for legislative and regulatory issues regarding financial services and consumer protection. Prior to joining the trade association, she served as a consultant to the organization on public affairs and strategies related to federal and state legislation affecting the financial services industry.