CSBS is a professional regulatory association, and its voting members and Board of Directors are exclusively state financial regulators. CSBS is governed by bylaws and a Board of Directors comprised of 20 regulator members. Directors are elected or appointed annually for one-year terms, except for the treasurer, who serves a two-year term. The CSBS Board of Directors is chaired by Greg Gonzales, Commissioner of the Tennessee Department of Financial Institutions. Other officers of the CSBS Board of Directors consist of the chairman-elect, vice chairman, secretary, treasurer, and immediate past chairman. The chief executive officer of CSBS is the president, who is recruited and employed by the Board of Directors.
Similar to federal financial agencies, CSBS invites bankers and other financial service industry professionals to participate in the organization in an advisory capacity. These advisory groups share information, promote communication between state regulators and their supervised industries, and identify best practices within the state banking system.
In 1984, CSBS created the Education Foundation of State Bank Supervisors (EFSBS). In 2011, the EFSBS Board of Trustees voted to change the name of the foundation to the CSBS Education Foundation. The purposes of the CSBS Education Foundation are to fund and direct the education and training efforts of CSBS’s Professional Development Division. The membership of the CSBS Education Foundation is comprised solely of state bank regulators and interacts extensively with the CSBS Board of Directors. The CSBS Education Foundation Board of Trustees is chaired by Jeffrey C. Vogel, Director of the Wyoming Department of Audit. As Chairman of the CSBS Education Foundation Board of Trustees, Director Vogel is also a voting member of the CSBS Board of Directors. Other officers of the CSBS Education Foundation consist of the vice chairman, treasurer, and immediate past chairman. There are a total of 15 members of the CSBS Education Foundation Board of Trustees.
In 2006, CSBS, in cooperation with the American Association of Residential Mortgage Regulators (AARMR), formed the State Regulatory Registry LLC (SRR), a limited liability corporation, to oversee the development and operations of the Nationwide Mortgage Licensing System and Registry (NMLS, or the System) for the residential mortgage industry on behalf of state regulators. The SRR Board of Managers is chaired by Robert J. Entringer, Commissioner of the North Dakota Department of Financial Institutions, and is comprised of eight state mortgage regulators. As Chairman of the SRR Board of Managers, Commissioner Entringer is also a voting member of the CSBS Board of Directors. In addition to the chairman, officers of the SRR Board of Managers are the vice chairman, the treasurer, and the immediate past chairman. The chairman of the CSBS Board of Directors serves on the SRR Board of Managers as an ex officio, non-voting, member. AARMR also has a voting board member on the SRR Board of Managers.