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Ensure that Iowans have access to a fair and competitive marketplace for regulated financial services.


Protect the interests of those doing business with Iowa chartered banks and licensed financial services providers through regulation that ensures safety, soundness, and adherence to applicable laws.


The Iowa Department of Banking was established in 1917. It was reorganized in 1986 as the Iowa Division of Banking (IDOB) within the Department of Commerce.  As part of the 2023 state government realignment, the IDOB became part of a new Department of Insurance and Financial Services. 

The Superintendent of Banking is appointed by the Governor for a four-year term.

  • The Superintendent oversees the supervision and regulation of state-chartered commercial banks. They oversee all entities subject to regulatory purview of the IDOB.
  • It is the duty of the Superintendent and the IDOB staff to protect the welfare of consumers. This includes customers, creditors, and shareholders of these regulated entities.

The State Banking Council is also appointed by the Governor. Its six members serve in an advisory capacity on issues that come before the IDOB.

The IDOB has two bureaus: Banking and Finance. The primary responsibility of the Bank Bureau is the regulation of state-chartered banks and their affiliates, bank holding companies, and one trust company. The Finance Bureau regulates financial service providers that hold the following licenses: mortgage bankers/brokers, mortgage loan originators, real estate loan closing companies, loan companies, delayed deposit services, money services, debt management companies, real estate appraisers, and appraisal management companies.