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Published November 09, 2010, 06:55 AM

Karsky leaving as top N.D. banking regulator

BISMARCK (AP) — North Dakota’s top banking regulator is resigning this week. Tim Karsky has been director of the Department of Financial Institutions since July 2001. He’s worked at the agency for about 22 years. His resignation takes effect Friday.

BISMARCK (AP) — North Dakota’s top banking regulator is resigning this week.

Tim Karsky has been director of the Department of Financial Institutions since July 2001. He’s worked at the agency for about 22 years. His resignation takes effect Friday.

The 51-year-old Karsky said he’s going to be in charge of the Bismarck operations of Starion Financial. Starion has three bank branches in Bismarck.

The department regulates state-chartered banks, credit unions, mortgage loan companies, payday lenders and other financial businesses. It has 29 employees and a two-year budget of $6 million.

The governor appoints the department’s director.

Assistant director Bob Entringer will become the agency’s director until a permanent successor is hired.

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