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Missouri’s top banking regulator retiring

JEFFERSON CITY (AP) — Missouri’s chief banking regulator is stepping down effective today.

Gov. Jay Nixon’s administration says Finance Commissioner Rich Weaver is retiring after a three-decade career that began in the division’s mail room in 1985.

The Finance Division regulates state-chartered banks, savings and loan institutions and mortgage brokers, among other things.

Weaver spent five years as deputy commissioner before Nixon appointed him in April 2009.

Deputy commissioner, Debra Hardman, will serve as acting commissioner during the search.

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