INDEPENDENT BANKERS ASSOCIATION 
OF NEW YORK STATE
 
December 20, 2018


To:
IBANYS Member CEOs

From:

Steve Rice, IBANYS Director of Government Relations & Communications


New York State Fonancial Services Superintendent Maria Vullo
Will Leave Her Position February 1, 2019
 
Maria Vullo, Superintendent of the Department of Financial Services,announced Wednesday she plans to leave her position February 1. She noted: 

"After three incredibly rewarding years as DFS superintendent, I have informed the governor that I have decided not to continue to serve in this role for his third term. I have always believed that one's time in public service should be judged not by how that service rewards one's personal pursuits, but by the impact of that service on the lives of real people. I will leave DFS knowing that every day I dedicated my energies to the service of the people of this great state and to tangibly improving their lives in any way that I could. . .It's been a great three years," Vullo said in the interview. "I am immensely proud of the depth of the work done in every division of this agency."

The Governor issued the following statement: 

"As head of DFS, Superintendent Vullo has been a fierce advocate for New Yorkers at a time when the federal government has chosen to put corporations before people. From helping secure billions of dollars in bank settlements over currency manipulation to taking decisive action to safeguard our right to health care, Superintendent Vullo has been an invaluable member of the Administration. On behalf of all New Yorkers, I thank Superintendent Vullo for her extraordinary service."

No successor has been named. Recent press reports have speculated that the Governor may be considering his current chief of staff, Linda Lacewell, for the position. She has worked for Mr. Cuomo in his terms as Governor and in his earlier tenure as State Attornay general, and also served as an assistant U.S. attorney in the Eastern District of New York. 

Stephen W. Rice
Director of Government Relations & Communications
Stever@IBANYS.net
518.461.9839