Nebraska Banking Director to Retire in May

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Nebraska's Director of Banking and Finance, John Munn, has announced his retirement, and Gov. Dave Heineman has named deputy director Ray Pont as the agency's acting director.

The 66-year-old Munn is responsible for the supervision of state-chartered financial institutions, registered and licensed financial entities including mortgage banking, delayed-deposit service companies and Nebraska's securities industry.

Munn was appointed in 2005 by then-Gov. Mike Johanns. His last day will be May 2.

The governor's office says that under Munn's leadership, the assets of state-chartered banks the department supervises have more than doubled, from $16 billion to $35 billion.