Mission Statement
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Tim Karsky is a North Dakota native with an extensive background in the financial industry. Born in North Dakota and later raised in South Dakota, Karsky obtained a Bachelor of Science Degree from Northern State College in 1981. He began his banking career with the Federal Deposit Insurance Corporation in January 1982, and joined the Department of Banking and Financial Institutions in the fall of 1986 as Chief Examiner.
In 1989, Karsky was appointed Assistant Commissioner for the Department. He served in that capacity until 1997, when he moved into a new role as a loan officer for a Bismarck financial institution. Karsky returned to the Department as Assistant Commissioner in 1999, was appointed Commissioner in July, 2001, and is Chairman of the State Banking Board and State Credit Union Board, which oversees the state's state-chartered banks and credit unions. The Department of Financial Institutions also supervises consumer finance companies, money brokers, collection agencies, and deferred presentment providers. Tim and his wife Sharon have two children and reside in Bismarck.
