Ray Grace, Commissioner of Banks
Ray Grace is North Carolina Commissioner of Banks and oversees the regulation of banks, savings and loans, trust companies,
mortgage lending, consumer finance lending, and other non-bank lenders. Grace was appointed Commissioner in 2013, after
serving as Acting Commissioner since 2012.
Grace joined the U.S. Marine Corps in 1966, served in the Vietnam War from 1967 to 1968, and was honorably discharged in
1969. He graduated from Niagara University, Niagara Falls, New York, in December 1973, with a B.S. in Commerce, and began
his career at the N.C Office of the Commissioner of Banks (NCCOB) as an examiner trainee on July 1, 1974. For more than
forty-five years, he has dedicated his service to North Carolina, serving in various capacities at NCCOB, including
Commercial Bank Examiner, Special Supervisory Examiner (responsible for supervision of troubled banks), Director of
Bank Applications, Chief Deputy Commissioner and his current role - Commissioner. Until recently, he was a member of
the Board of Directors of the Conference of State Bank Supervisors (CSBS), an organization of state bank supervisors in which
he has long been active in various capacities, including current service on the CSBS Legislative Committee. In addition,
he recently completed a two-year term as the states’ representative on the U.S. Department of the Treasury’s Financial
Stability Oversight Council. Effective January 1, 2020, he agreed to serve an initial two-year term on the FDIC’s
newly-formed Advisory Committee of State Regulators.