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DLLR News

 

Gordon M. Cooley Joins MD Department of Labor as Deputy Commissioner of Financial Regulation

 

Cooley brings extensive background in banking and financial services

BALTIMORE, MD (December 2, 2013) - Mark Kaufman, Commissioner of Financial Regulation announced today that Gordon M. Cooley has been selected as Deputy Commissioner of Financial Regulation.

"Gordon brings a powerful combination of skills and experience, and we are thrilled to have him join our team at this critical time," Commissioner Kaufman said. “The implementation of Dodd-Frank and the advent of the Consumer Financial Protection Bureau create new challenges and opportunities for state financial regulators. Gordon will strengthen our capabilities in protecting consumers and overseeing financial institutions of all types.”

Mr. Cooley brings an extensive background in banking and financial services to the Maryland Department of Labor, Licensing and Regulation (DLLR), from both the legal and business perspective. He assumes his new position following six years at PNC where he served as Regional President for Western Maryland with overall responsibility for the bank’s activities in Frederick, Allegany and Washington counties. He was previously SVP / Deputy General Counsel at Mercantile Bancorp for four years and prior to that, SVP/General Counsel at F&M Bancorp in Frederick from 1985 to 2004. 

Mr. Cooley has demonstrated a strong commitment to community service throughout his career. He currently serves as Chair of the Interfaith Housing Alliance and as a board member of several charitable organizations. He was recognized by Legal Aid as 1 of 100 Champions of Legal Justice in 2011 and was the first recipient of the Frederick County Bar Association’s Pro Bono Service Award, now presented annually as the Gordon M. Cooley Pro Bono Service Award.

Within the broad jurisdiction of DLLR's Office of the Commissioner of Financial Regulation, Mr. Cooley will direct oversight of all non-depository institutions, including some 10,000 licensees that range from mortgage lenders and brokers to check cashers and debt management firms. He will also participate extensively in the oversight of depository institutions including banks, credit unions and trust companies.

The Department of Labor, Licensing and Regulation protects and empowers Marylanders by safeguarding workers, protecting consumers, providing a safety net and cultivating a thriving workforce that can meet the demands of Maryland's dynamic economy. For updates and information, follow DLLR on Twitter (@MD_DLLR), Facebook and visit our website . Get more information on EARN Maryland.