Magazine article American Banker

1st Women's Head to Be New York Superintendent

Magazine article American Banker

1st Women's Head to Be New York Superintendent

Article excerpt

NEW YORK -- Jill M. Considine, president of the First Women's Bank of New York, has accepted an offer to become this state's next superintendent of banks amid controversy over the timing of her departure, according to industry sources.

Although no official announcement has been made from the governor's office, Gov. Mario M. Cuomo was known to have been looking for a woman to fill the regulatory post since he tapped present Superintendent Vincent Tese in January to lead the state's Urban Development Corp., known as UDC.

Sources said Ms. Considine, 41, actively pursued the was offered the job over the weekend.

Repeated phone calls to Ms. Considine's office Tuesday went unretured. Mr. Tese, who was in Albany Tuesday, could not be reached for comment.

Brian Jackson, a press official for the governor, said there would be no comments on any appointments until they become official.

Ms. Considine, who has been president of the Women's Bank for 14 months, is credited with having turned the 10-year-old institution into a solid moneymaker that now earns $50,000 to $60,000 a month. She served previously as a vice president and division head at Bankers Trust Co.

In a heated meeting Monday, however, the Women's Bank board of directors criticized Ms. Considine for having failed to tell the bank earlier that she was leaving.

Ms. Considine reportedly told the board at the meeting that she was giving them notice that she would leave her job as president in two weeks. Her contract with the bank runs through December. …

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