Department of Financial Institutions


DFI Mission

The Department of Financial Institutions is dedicated to protecting Wisconsin citizens through financial regulation and education. We are committed to ensuring the safety and soundness of Wisconsin financial institutions, protecting the investing public, and enhancing the viability and accessibility of the state's business record-keeping system.

Agency Responsibility

The Department of Financial Institutions (DFI) regulates state-chartered banks, savings and loan associations, savings banks and credit unions, as well as various operations of the securities industry. It examines and files charters and other documents of businesses and organizations and registers and regulates the mortgage banking industry and other financial service providers. It oversees Uniform Commercial Code filings, administers the Wisconsin Consumer Act and registers merchants who extend credit. The department is self-supporting through program revenue derived from fees and assessments paid by regulated entities and individuals.

DFI’s work pays dividends for Wisconsin businesses and consumers

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One of the most important responsibilities of the Department of Financial Institutions (DFI) is working with our financial institutions as they continue to shake off the effects of the recession.

Since being appointed DFI Secretary by Governor Scott Walker in January 2011, I have seen many of our state-chartered financial institutions turn the corner on the challenges that resulted from the economic crisis that began in 2007. Earnings are up, in some cases to record levels. Capital levels are near all-time highs. Loan quality has improved markedly. By most metrics, banks and credit unions are back to pre-recession levels. The fact that our financial institutions are strong – and getting stronger – is a good sign for the Wisconsin economy.

DFI Mission

The Department of Financial Institutions is dedicated to protecting Wisconsin citizens through financial regulation and education. We are committed to ensuring the safety and soundness of Wisconsin financial institutions, protecting the investing public, and enhancing the viability and accessibility of the state's business record-keeping system.

Agency Responsibility

The Department of Financial Institutions (DFI) regulates state-chartered banks, savings and loan associations, savings banks and credit unions, as well as various operations of the securities industry. It examines and files charters and other documents of businesses and organizations and registers and regulates the mortgage banking industry and other financial service providers. It oversees Uniform Commercial Code filings, administers the Wisconsin Consumer Act and registers merchants who extend credit. The department is self-supporting through program revenue derived from fees and assessments paid by regulated entities and individuals.

Georgia Maxwell -

Assistant Deputy Secretary Georgia Maxwell serves in one of the top three leadership positions in the Wisconsin Department of Financial Institutions. As Assistant Deputy Secretary, she works with the Legislature, Congress, business leaders and other stakeholders to advance policies that fulfill the department’s mission of ensuring the safety and soundness of Wisconsin’s financial institutions.

DFI Mission

The Department of Financial Institutions is dedicated to protecting Wisconsin citizens through financial regulation and education. We are committed to ensuring the safety and soundness of Wisconsin financial institutions, protecting the investing public, and enhancing the viability and accessibility of the state's business record-keeping system.

Agency Responsibility

The Department of Financial Institutions (DFI) regulates state-chartered banks, savings and loan associations, savings banks and credit unions, as well as various operations of the securities industry. It examines and files charters and other documents of businesses and organizations and registers and regulates the mortgage banking industry and other financial service providers. It oversees Uniform Commercial Code filings, administers the Wisconsin Consumer Act and registers merchants who extend credit. The department is self-supporting through program revenue derived from fees and assessments paid by regulated entities and individuals.

Raymond Allen -

Ray Allen was born and raised in Milwaukee. He moved to Madison in 1969 to attend college at UW-Madison, where he received a degree in Journalism. 

After graduating, he went to work for the John Deere Company as a marketing representative.  In 1987, Allen received a state appointment to serve in the Department of Industry, Labor and Human Relations. 

DFI Mission

The Department of Financial Institutions is dedicated to protecting Wisconsin citizens through financial regulation and education. We are committed to ensuring the safety and soundness of Wisconsin financial institutions, protecting the investing public, and enhancing the viability and accessibility of the state's business record-keeping system.

Agency Responsibility

The Department of Financial Institutions (DFI) regulates state-chartered banks, savings and loan associations, savings banks and credit unions, as well as various operations of the securities industry. It examines and files charters and other documents of businesses and organizations and registers and regulates the mortgage banking industry and other financial service providers. It oversees Uniform Commercial Code filings, administers the Wisconsin Consumer Act and registers merchants who extend credit. The department is self-supporting through program revenue derived from fees and assessments paid by regulated entities and individuals.

Peter J. Bildsten -

Peter Bildsten grew up in Baraboo and is a 30-year veteran of the Wisconsin financial services industry.  He served as Chairman and CEO of First National Bank and Trust Company of Baraboo for six years before leading a successful merger with Wells Fargo Bank in 2002.  He then served as Wells Fargo’s District President for the Greater Madison area, before joining Summit Credit Union in 2008.  Earlier in his career, he spent eight years in Milwaukee in senior lending positions with North Shore Bank and Bank Mutual, and before that another ten years in the private mortgage insu

DFI Mission

The Department of Financial Institutions is dedicated to protecting Wisconsin citizens through financial regulation and education. We are committed to ensuring the safety and soundness of Wisconsin financial institutions, protecting the investing public, and enhancing the viability and accessibility of the state's business record-keeping system.

Agency Responsibility

The Department of Financial Institutions (DFI) regulates state-chartered banks, savings and loan associations, savings banks and credit unions, as well as various operations of the securities industry. It examines and files charters and other documents of businesses and organizations and registers and regulates the mortgage banking industry and other financial service providers. It oversees Uniform Commercial Code filings, administers the Wisconsin Consumer Act and registers merchants who extend credit. The department is self-supporting through program revenue derived from fees and assessments paid by regulated entities and individuals.