Governor Pat McCrory Announces Reappointment Of Ray Grace As North Carolina Commissioner Of Banks

Kathleen Donnelly
Director of Communications
N.C. Bankers Association
919-781-7979 (office)
919-605-5501 (cell)

RALEIGH, N.C. – Governor Pat McCrory has reappointed Ray Grace as the North Carolina Commissioner of Banks. As the voice of the banking industry in North Carolina, the North Carolina Bankers Association (NCBA) is pleased to express our support for the Governor’s decision to appoint Commissioner Grace to a new, four-year term.

Governor McCrory first appointed Commissioner Grace in 2013 to fill the remaining term of the prior Commissioner, Joseph A. Smith, Jr. Appointments as Commissioner of Banks are subject to confirmation by the North Carolina General Assembly. As North Carolina Commissioner of Banks, Grace oversees the chartering and regulation of North Carolina’s state-chartered banks, savings banks, savings and loan associations, trust companies, mortgage companies and brokers, consumer finance companies, check cashers, money transmitters, and refund anticipation facilitators. Bringing more than 40 years of experience to his role, Commissioner Grace has positioned the North Carolina Office of the Commissioner of Banks (NCCOB) to be a highly effective and balanced regulator of financial services in North Carolina and a leading voice nationally on banking and financial services supervision.

“As I travel the state, bankers continually praise the work being performed by the North Carolina Office of the Commissioner of Banks under the leadership of Ray Grace,” said Peter Gwaltney, President and CEO of the North Carolina Bankers Association. “I hear time and time again from our members that Commissioner Grace is a man of great integrity with a profound knowledge of our industry.  I congratulate and welcome him as he continues as Commissioner of Banks in his new, four-year term. I hope that the North Carolina General Assembly will move quickly to confirm his appointment.”  

Commissioner Grace began his career at the NCCOB as an examiner trustee in 1974, and since that time he has dedicated his service to supervision of North Carolina’s banking and financial services industries. Commissioner Grace helped charter more than 90 new banks in the state, while serving in various capacities within the NCCOB, including as Commercial Bank Examiner, Special Supervisory Examiner, Director of Bank Applications, Chief Deputy Commissioner and Acting Commissioner of Banks under the administration of former Governor Bev Perdue prior to his current role as Commissioner of Banks.