D.C. Moves Banking, Captive Divisions

D.C. Moves Banking, Captive Divisions

NU Online News Service, June 25, 2:56 p.m. EDT?The District of Columbia Department of Insurance, Securities and Banking said effective June 28 its Banking Bureau staff will move to 810 First Street, NE, Suite 700.[@@]

Also on that date the Captive Insurance Division will move to 1400 L Street, Suite 400. The D.C. Charter School Credit Enhancement Program, which was previously part of the Banking Bureau, will remain at 1400 L Street.

In February, the functions of the former D.C. Department of Insurance and Securities Regulation and the former D.C. Department of Banking and Financial Institutions were consolidated to create the DISB.

The Captive Insurance Division is responsible for regulating captive insurance companies operating in the District, according to the DISB. The general telephone number for the Captive Insurance Division is 202-727-1563.

The Banking Bureau is responsible for regulating D.C.-chartered banks, mortgage lenders, mortgage brokers and other financial institutions operating in the District. The general telephone number for the Banking Bureau is 202-727-8000.

DISB Commissioner Lawrence H. Mirel said relocation of employees is being done "to consolidate most of the department's staff at one location, which will improve the delivery of services to our customers."

In addition, the DISB said, the Office of Public Information, which includes the Community Outreach Division, has consolidated its activities and can be reached at the 810 First Street, NE location at 202-727-8000.