HARAHAN, La. (2/24/12)--Louisiana Gov. Bobby Jindal has reappointed John Ducrest as the Louisiana Commissioner of Financial Institutions, according to the Louisiana Credit Union League (eNews Feb. 22).
The commissioner has supervisory and regulatory authority over state-chartered financial institutions, including credit unions. The position is subject to state Senate confirmation.
Ducrest has served in the commissioner position since 2004, said the league. He was deputy chief examiner of the Office of Financial Institutions from 1994 to 2004, overseeing the corporate applications related to chartering new banks, bank mergers and bank branching. He also serves as chairman of the Conference of State Bank Supervisors.