DOB: Banking Commissioner Biography - John P. Burke

{Banking Commissioner John P. Burke}

John P. Burke

Banking Commissioner

John P. Burke
was appointed Commissioner of the Connecticut Department of Banking by Governor John G. Rowland in 1994, was reappointed to the position in 1999, and was then reappointed to a third term as Commissioner in 2003.  He brings to the position 30 years experience in banking in Connecticut, including 11 years spent as a bank president and chief executive officer. 

As Banking Commissioner, Mr. Burke has jurisdiction over Connecticut's laws pertaining to commercial banks, savings banks, savings and loan associations, credit unions, consumer credit, broker-dealers, investment advisers, securities, tender offers and business opportunities. He oversees the supervision of 44 state-chartered banks and thrifts, six foreign banking institutions that maintain banking operations in Connecticut, and 41 state-chartered credit unions and heads a department with approximately 118 employees. In his capacity as Banking Commissioner, Mr. Burke serves as an Ex officio Member of the Board of the Connecticut Housing Finance Authority. Mr. Burke also serves on the Board of Directors of the Community Economic Development Fund Foundation and as a member of the Connecticut Economic Conference Board. Commissioner Burke is a former Chairman and Board member of the Conference of State Bank Supervisors (CSBS), a professional association of state banking regulators, and currently serves as a member of the organization's International, Legislative and By-Laws Committees.

Commissioner Burke had been president and CEO of Bristol Savings Bank at the time of his appointment as Banking Commissioner by Governor Rowland. Prior to that, he was president and CEO of Security Savings and Loan Association from 1990 to 1992. Earlier, Mr. Burke was associated for 26 years with Centerbank, and served for eight years as that institution's president and CEO, a period of leadership marked by aggressive growth and diversification when the bank nearly tripled in size. Before his career in banking began, Mr. Burke spent several years with IBM Corporation.

Commissioner Burke has long been active in professional and civic affairs. He serves on the Board of the Waterbury Chamber of Commerce, the Board of St. Mary's Hospital Foundation, the Board of the Teikyo Post College Foundation and the Board of Teikyo Post University. His past professional associations include time spent as a chairman of the former Connecticut Savings Bank Association (a predecessor to the Connecticut Banker's Association) and as a director of the Savings Bank Life Insurance Company.

Mr. Burke graduated from the College of the Holy Cross in 1953 with a degree in economics. He is a veteran of the United States Army and served in Korea.

Historical List of Banking Commissioners