Division of Banking Mission Statement

Vision

Promote the economic well being of Iowa by maintaining a regulatory environment that best assures the citizens of Iowa safe and sound banking, financial and professional services.

Mission

Protect the interests of those doing business with banks, financial service providers and licensed professionals by ensuring safety, soundness and adherence to the laws and regulations of Iowa.

Goals

  • Public and Industry Confidence: Promote public and industry confidence in the financial service and licensed professional system through the rule making, examination and auditing process.
  • Enhance the Oversight Process: Enhance the oversight process to monitor and evaluate internal and external conditions, address industry trends and ensure fiscal integrity.
  • Open Communication: Promote open communication between the Division of Banking, financial service providers, licensed professions and other regulatory agencies.
  • Independence: Maintain independence from organizations or institutions regulated by the Division.
  • Current Policies and Procedures: Identify trends in industry and technology to assure policies and procedures are current.
  • Personnel Training and Education: Improve efficiency and effectiveness of the Division through staff training and education.

Objectives

Objectives Public & Industry Confidence Enhance the Exam Process Open Communication Independence Current Policies & Procedures Training & Education
1. Assure that applicants for a charter/license will serve a need and necessity in their community and will operate lawfully, honestly and fairly within the purposes of the charter/licensing chapter. High Low Medium High Medium Medium
2. Assure the administration of sound regulatory policies and programs that insure the safety of deposits, but also protect the interests of citizens doing business with banks, financial service providers and licensed professionals. High High Low High Medium Medium
3. Provide the banking industry with value added services that assist management in establishing effective risk management policies and procedures. High Medium Medium High Medium High
4. Work with federal regulatory authorities to assure efficient and cost effective administration of regulatory policy and programs. Medium High High High High High
5. Continuously develop and enhance internal and external communications and access to the Division. High Medium High Medium Low Low
6. Allocate sufficient financial resources to assure Division goals and objectives are met. High High Medium Medium High High
7. Maintain an experienced and professionally competent staff by assessing training needs and developing programs to meet those needs. High High Medium Medium Medium High
8. Maintain a working environment that is rewarding and fulfills the career goals of the employees. Medium Medium High Low Low High
9. Assess the direction of the Financial Services Industry and its customers and develop and maintain expertise in new financial products, services and technology, including e-commerce and banking. High High Low Medium High High

History