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Press Release
Banking Superintendent, Richard H. Neiman Honored for Public Service
The John E. Burton Lecture & Distinguished Public Service Award
Presented at University of Albany Today

April 28, 2009

New York, N.Y.: Richard H. Neiman, Superintendent of Banks for the State of New York will be honored today for his public service. The award recognizes his commitment to and his efforts in addressing the foreclosure crisis, both at the state and federal level.

Neiman chairs Governor Paterson’s interagency foreclosure prevention HALT Task Force to ‘Halt Abusive Lending Transactions.’ He is an outspoken advocate for greater federal efforts in preventing foreclosures and more state/federal cooperation in addressing mortgage crisis.

In November 2008 he was appointed by House Speaker Nancy Pelosi to serve on the five-member Congressional Oversight Panel of the Troubled Asset Relief Program (TARP).  He is dedicated to ensuring that the voice of the American people is heard and just last week issued a public call for questions for Treasury Secretary Geithner. Neiman gathered hundreds of questions and incorporated the top concerns in his Opening Statement and Q&A session at a public hearing with Secretary Geithner.
 
“I feel very honored to be one of the recipients of this award today,” said Neiman. “In these difficult economic times I have had both the duty and the privilege to serve the residents of New York State as we look for ways to survive and resolve this crisis. During a time of crisis, we must balance the need to find long-term solutions with never losing sight of the immediate needs of those most impacted.”

In a ceremony at the University of Albany today at 3:30 p.m., Neiman will be presented with the award, which honors the memory of John E. Burton, New York State’s Director of Budget from 1943 to 1950. Burton modernized the budget process and advanced the notion of professionalism in government.

In addition to his role as Superintendent of Banks, for the past 12 years, Neiman has served on the Board of Directors of the Henry Street Settlement, one of New York’s oldest social services organizations, which delivers a wide range of social service and arts programming to more than 100,000 New Yorkers each year. He also serves on the Board of the Harlem Educational Activities Fund, a comprehensive supplemental education and youth development organization that works with public school students in Harlem and the surrounding communities to prepare them for successful educational and professional careers.

TheNew York State Banking Department is the regulator for all state-chartered banking institutions, virtually all of the United States offices of international banking institutions, all of the State’s mortgage brokers, mortgage bankers, check cashers, money transmitters and budget planners. The aggregate assets of the depository institutions supervised by the Banking Department are more than $2.2 trillion.

In addition to regulating banking institutions, the Banking Department is active in informing and educating all New Yorkers on banking matters. To contact the Banking Department, please call 1-877-BANK-NYS or visit our Web site at www.banking.state.ny.us.