Missouri's top banking regulator retiring

Thursday, July 31, 2014 | 7:42 a.m. CDT; updated 9:42 a.m. CDT, Thursday, July 31, 2014

JEFFERSON CITY — Missouri's chief banking regulator is stepping down from the job effective Friday.

Gov. Jay Nixon's administration says Finance Commissioner Rich Weaver is retiring after a three-decade career that began by working in the division's mail room in 1985.

The Finance Division regulates state-chartered banks, savings and loan institutions and mortgage brokers, among other things.

Weaver had spent five years as the division's deputy commissioner before Nixon appointed him to the top spot in April 2009.

The current deputy commissioner, Debra Hardman, will serve as acting commissioner during the search for Weaver's replacement.

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