See: Arizona Department of Financial Institutions for complete history
Authority – Transferred:
The duties of the Arizona State Banking Department were transferred to the Arizona Department of Financial Institutions in 2004 (Laws 2004, Chapter 188).
The State Banking Department, created by the Legislature in 1922, supervised state-licensed financial institutions and enterprises (Laws 1922, Chapter 31). The Governor appointed the Superintendent of Banks, who had oversight for all operations. The Department chartered and examined banks, savings and loan associations, credit unions, trust companies and small loan companies. The Department also licensed financial enterprises and investigated potential mismanagement of the enterprises. The Department did not have jurisdiction over federally chartered banks, savings and loans or credit unions.