Department of Finance Director
Welcome to the Idaho Department of Finance Website! We are pleased to provide you with information about our statutory responsibilities and the financial service industries under our supervision. In addition, this Web site offers answers to a number of frequently asked questions and access to complaint forms and information on ways to contact the Department with your questions and concerns. We hope you will find this site a useful source of information.
The Idaho Department of Finance is a regulatory agency which was created in 1905 to regulate the financial services industry. In 2005, we celebrated our 100th anniversary. One hundred years ago, our Department administered only one law, the Idaho Bank Act, and licensed only one industry – banks. The total number of banks regulated in 1905 was 78 with combined assets totaling approximately $14 million. Today, the Department licenses & regulates fifteen industries, including banks, with total assets in the banking industry alone of over $5.5 billion and total assets of all industries in the billions and billions. The total number of entities regulated today is over 191,000. The Department receives no general fund or tax revenues but is funded exclusively from fees paid by the regulated industries. The Department is committed to maintaining a high standard of professionalism in carrying out its regulatory mission to ensure that the interests of Idaho's citizens are effectively served.
Thank you for your interest in the Idaho Department of Finance. We are continually looking for ways to improve our services, so please feel free to contact us with your comments and suggestions regarding the accessibility of information about the industries we regulate, the usefulness of the information offered through our Web site and any other ideas you may have for making it better.