Joseph again bridges banking commissioner gap

On April 12, 2010, after searching for 18 months, the Colorado Division of Banking welcomed Steve Strunk as the state’s new banking commissioner. Eight months later Strunk said “goodbye,” and the search begins again.

While questions still surround his short tenure, the Division of Banking has already moved on. Fred Joseph, securities commissioner, will once again wear two hats, filling in as acting state bank commissioner as he did before Strunk was appointed by Barbara Kelly, the Department of Regulatory Agencies’ executive director.

The bank commissioner oversees 107 banks and trusts. Joseph said that the current economic climate makes it…