Michigan's No. 2 bank regulator has called it quits after 24 years.

Russell S. Kropschot, 57, stepped down March 20 as chief deputy commissioner of the Michigan Financial Institutions Bureau. He joined the agency in 1963 as an assistant bank examiner and became chief deputy in 1974. Twice, Mr. Kropschot was named acting commissioner.

As deputy commissioner, Mr. Kropschot was responsible for the day-to-day operation of the bureau, which regulates all state-chartered banks, thrifts, credit unions, and other lenders. He also taught extensively at the Michigan Bankers Association banking school and the supervisor's school for the Conference of State Bank Supervisors.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.