About Steven L. Antonakes
By the Division of Banks
STEVEN L. ANTONAKES
COMMISSIONER OF BANKS
COMMONWEALTH OF MASSACHUSETTS
DIVISION OF BANKS
Steven L. Antonakes has served as the Commissioner of Banks since December 2003 and was reappointed by Governor Deval Patrick in July 2007. He oversees nearly 250 state-chartered banks and credit unions holding total combined assets of approximately $375 billion; the licensing and examination of over 1,000 non-bank financial entities and over 4,000 individuals engaged in mortgage lending and brokering; and the licensing and supervision of an additional 3,500 non-bank financial entities, including check cashers, small loan companies, finance companies, and debt collectors.
In May 2009, Mr. Antonakes was elected to serve as Secretary of the Conference of State Bank Supervisors (CSBS) having recently completed a two year term as Treasurer. Mr. Antonakes has also served as a founding member of the Board of Managers of the CSBS States Regulatory Registry LLC, which is charged with developing and implementing the Nationwide Mortgage Licensing System (NMLS) since September 2006. Mr. Antonakes previously held a two year term as the Chairman of the Federal Financial Institutions Examination Council���s (FFIEC) State Liaison Committee and with the passage of the Financial Services Regulatory Relief Act of 2006 became the first ever state voting member of the FFIEC.
In March 2007, Mr. Antonakes received NeighborWorks��� national government service award for his work in combating foreclosures. In August 2008, the Massachusetts Division of Banks was presented the American Association of Residential Mortgage Lenders (AARMR) Distinguished Service Award for leadership in mortgage supervision.
Mr. Antonakes began his professional career as an entry-level Bank Examiner with the Division of Banks in June 1990, rising through the management ranks to become the Commissioner of Banks ��� only the second career Bank Examiner ever to serve in that position.
Mr. Antonakes graduated from Lynn Public Schools and holds a Bachelor of Arts degree from Penn State University, a Master of Business Administration from Salem State College, and a Doctorate of Philosophy in Law, Policy, and Society from Northeastern University.