Tom Fite named new Indiana DFI director

Tom Fite has been appointed as the new director of the Indiana Department of Financial Institutions by Gov. Mike Pence effective January 18.."I'm thankful to name Thomas Fite as director of the Indiana Department of Financial Institutions," Pence said. "Thomas has extensive experience and unmatched background knowledge from his many years of service within the department, and I'm confident he will continue to serve Hoosiers well in his new role.".Since May 2013, Fite has served as Deputy Director of DFI. rior to becoming Deputy Director, Fite spent 15 years working in the Department's bank division, including five years as regional supervisor. His regulatory background has largely focused on the assessment of financial institution safety and soundness and risk management programs, with specializations in both information technology security and anti-money laundering..Fite earned an undergraduate degree in finance from Ball State University and a master's degree in business administration from Indiana Wesleyan University. He and his wife of 15 years are raising their three young children in Brownsburg, Ind.