The Office of Financial Institutions (OFI) is responsible for the supervision of various entities which provide financial services to the citizens of the State of Louisiana. The Office is divided into three major divisions based on general types of institutions regulated - the Depository Institutions Division, the Non-Depository Services Division, and the Securities Division.  Although the number of OFI-regulated depository institutions has decreased, the number of non-depository entities which this office regulates has increased substantially.  An overview of the last five years of activity can be seen in the accompanying table. 

 
 

Meet the Commissioner

 John P. Ducrest, a native and resident of Broussard, Louisiana, was first appointed Commissioner of the Office of Financial Institutions on June 8, 2004, and reappointed on January 10, 2008 and February 24, 2012.  Ducrest has served as Chairman of the Conference of State Bank Supervisors from January 14, 2011 through May 21, 2012, having previously served in several leadership positions with that organization and currently serves as Immediate Past Chairman. 

Ducrest has also served on the Financial Stability Oversight Council (FSOC) since March 20, 2012.

Ducrest has been with the Office of Financial Institutions nearly 27 years. From 1985 to 1994, he was a Financial Examiner. In that role his duties included conducting safety and soundness examinations of financial institutions. In 1994, Ducrest was named Deputy Chief Examiner of OFI.

Ducrest is a 1984 graduate of the University of Louisiana at Lafayette, with a Bachelor of Science degree in Business Administration. He is a 1994 graduate of the Graduate School of Banking at Louisiana State University. Ducrest is a Certified Public Accountant, a Certified Fraud Examiner, and a Certified Examinations Manager.

His professional affiliations include the Louisiana Society of Certified Public Accountants, the American Institute of Certified Public Accountants and the Society of Certified Fraud Examiners.

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Mission Statement

The Office of Financial Institutions (OFI) licenses and supervises entities under its jurisdiction in order to protect and serve the public interest and enhance confidence in the financial services industry.

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Vision

Louisiana's financial services industry, under the jurisdiction and diligent supervision of the Louisiana Office of Financial Institutions, will be a thriving, competitive, progressive provider of economic resources to businesses and individuals.  The industry will comply with laws protecting the rights of the general public with whom they interact.

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Philosophy

The Office of Financial Institutions strives to provide professional, fair supervision of the entities under its jurisdiction and is committed to developing a highly professional staff who effectively utilize all available resources, make sound decisions, and establish appropriate regulatory guidelines.

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Contact Information

Main Phone:   (225) 925-4660
Fax:                  (225) 925-4548
(For direct telephone information, see the specific division you are trying to contact)

Staff Email Directory

 

 Physical Address:
8660 United Plaza Blvd.
Second Floor
Baton Rouge, LA  70809-7024

Mailing Address:
Post Office Box 94095
Baton Rouge, LA  70804-9095
 

 

 

 mailbox2.GIF (1210 bytes)ofila@ofi.la.gov

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