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The Tennessee Commissioner of Financial Institutions is the head of Tennessee 's Department Of Financial Institutions , which is responsible for regulating the Bank system of that U.S. State . The Commissioner is appointed by the Governor Of Tennessee and is a member of the governor's Cabinet, which meets at least once per month, or more often to the governor's liking. Originally, a Banking Department had been created in 1913 , led by a '''Superintendent of Banks''', and then ten years later Credit Union s were added to the Department's responsibilities. The first Commissioner of Banking, after the position was renamed in 1973 , was Hugh F. Sinclair during the administration of Governor Winfield Dunn . The second Commissioner of Banking, under Ray Blanton , was Joe Hemphill . The last person to hold the title of Commissioner of Banking was Thomas C. Mottern , under Lamar Alexander . The first person to hold the title of Commissioner of Financial Institutions, also under Lamar Alexander, was W.C. Adams in 1983 . The Commissioner during the Ned Ray McWherter administration was Jeff H. Dyer . Don Sundquist's Commisioners, respectively, were Talmadge B. Gilley , Bill Houston , and Fred Lawson . Kevin Lavender was the Commissioner under current governor Phil Bredesen , until Lavender resigned to become a senior vice president of the Fifth Third Bank corporation. Phil Bredesen appointed Greg Gonzales to serve as Acting Commissioner of Banking in his place on December 5 , 2005 . EXTERNAL LINKS
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