Gov. Josh Shapiro has announced his intention to nominate Wendy Spicher as Secretary of Banking and Securities.
Spicher has been serving in an interim role as acting secretary in the department after the departure of Sarah Hammer earlier this year.
“Wendy Spicher has decades of experience ensuring the safety and soundness of Pennsylvania’s financial institutions, and I am proud to have her continue serving on my team,” said Shapiro. “I have complete confidence in Acting Secretary Spicher and the rest of my cabinet to bring people together to solve problems, create opportunities for Pennsylvanians, and ensure that state government works for the people.”
A graduate of Penn State, Spicher also served the Commonwealth as the Deputy Secretary for Depository Institutions, a role she has held since 2008. Her career in the banking industry spans over 25 years and includes senior level positions in both the public and private sector. As Deputy Secretary for Depository Institutions, Spicher’s responsibilities include the chartering, regulation, supervision and examination of all Pennsylvania state-chartered banks, credit unions and non-depository trust companies.
Before joining the state, she also worked for the Federal Deposit Insurance Corporation (FDIC), as well as PNC Bank and Mellon BNY.
“It is an honor to be named the next Secretary of Banking and Securities,” said Spicher. “I am excited by the opportunity to continue serving the Commonwealth alongside Governor Shapiro and look forward to ensuring consumers and businesses in Pennsylvania are well-informed about our financial institutions.”
Presently, Ms. Spicher serves on the Performance Standards Committee (PSC) for the National Association of State Credit Union Supervisors (NASCUS). The PSC serves as the policy-making body of the NASCUS Accreditation Program where it sets the standards that must be met by credit union state supervisors to earn and maintain NASCUS Accreditation. She also serves on the Department’s Cybersecurity and RRREV-up taskforces.