Governor Meyer Nominates Lisa Collison as Delaware State Bank Commissioner

State of DE - Governor Matt Meyer announced the nomination of Lisa Collison today to serve as Delaware's next State Bank Commissioner. Collison brings three decades of experience to the role. She possesses a deep understanding of the financial institutions within the state.

The nomination comes at a significant time for the financial services industry. Innovation and digital payments are reshaping how institutions operate. Governor Meyer emphasized the importance of leadership during this period.

"Delaware's financial strength depends on strong, fair, and forward-looking oversight," Governor Matt Meyer said. "Lisa Collison brings experience, integrity, and a clear understanding of how to protect consumers while positioning Delaware to lead again in financial services. I'm proud to nominate her as our next State Bank Commissioner."

The State Bank Commissioner is responsible for the stability of Delaware's financial system.

The role involves administering the State Banking Code under Title 5 of the Delaware Code. The Commissioner oversees all financial institutions chartered or licensed in Delaware. This includes state-chartered banks and trust companies. It also covers nonbank institutions such as mortgage lenders and money transmitters.

The Commissioner ensures that institutions are examined rigorously. Compliance with state and federal laws is enforced to protect consumers. The office also administers the bank franchise tax. Additionally, it responds to consumer inquiries and promotes financial education.

If confirmed, Collison will work to balance innovation with consumer protection. The goal is to reinforce Delaware's reputation as a competitive home for financial services. The nomination will be sent to the Delaware Senate for confirmation.