The Office of Financial Institutions (OFI) is responsible for the supervision of various entities which provide financial services to the citizens of the State of Louisiana.
The Office is divided into three major divisions based on general types of institutions regulated – the Depository Institutions Division, the Non-Depository Services Division, and the Securities Division. Although the number of OFI-regulated depository institutions has decreased, the number of non-depository entities which this office regulates has increased substantially. For an overview of the last five years of activity click here.
P. Scott Jolly
Office of Financial Institutions
Commissioner Scott Jolly, a native of Baton Rouge, previously served the office as Deputy Commissioner of Securities and senior attorney. He is a former partner with Watson, Blanche, Wilson & Posner, LLP, and was a law clerk for the Honorable Henry L. Yelverton, Louisiana Court of Appeal, Third Circuit. The Commissioner attended Louisiana State University in Baton Rouge, where he earned a Bachelor of Science degree in Business Administration and a Juris Doctor degree from the Paul M. Herbert Law Center.
Performance Indicator Documentation
Louisiana’s financial services industry, under the jurisdiction and diligent supervision of the Louisiana Office of Financial Institutions, will be a thriving, competitive, progressive provider of economic resources to businesses and individuals. The industry will comply with laws protecting the rights of the general public with whom they interact.
The Office of Financial Institutions strives to provide professional and fair supervision of the entities under its jurisdiction. It is committed to developing a highly professional staff that effectively utilizes all available resources, makes sound decisions, and establishes appropriate regulatory guidelines.