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 Wendy S. Spicher

of Banking and Securities

Wendy S. Spicher was unanimously confirmed on October 25, 2023, by the Pennsylvania Senate as Secretary of the Pennsylvania Department of Banking and Securities (DoBS). She was nominated for this cabinet-level position by Governor Josh Shapiro on July 7, 2023. 

In her role, Secretary Spicher provides overall leadership to the Pennsylvania Department of Banking and Securities, which supervises more than 160 Pennsylvania state-chartered banks, credit unions and trust companies; licenses and registers more than 30,000 non-bank financial services licensees; licenses and regulates more than 275,000 investment firms and professionals doing business with Pennsylvania residents; and provides free help to anyone with a question, concern, or complaint about Pennsylvania financial institutions, products, or services.  

Secretary Spicher has served the Department of Banking and Securities as Interim Acting Secretary; was DoBS’ Deputy Secretary for Depository Institutions since 2008, where she oversaw the chartering, regulation, supervision and examination of all Pennsylvania state-chartered banks, credit unions and non-depository trust companies; and as a Special Assistant to the DoBS Secretary from 2006-2008 in a role designed to increase Pennsylvania financial institutions’ participation in the state’s array of economic development programs to create and retain good paying jobs in the commonwealth.  

She began her banking career as a commissioned bank examiner for the Federal Deposit Insurance Corporation (FDIC) in the New York region.  She made the transition to private sector when she joined Dauphin Deposit Bank. Ms. Spicher has served as vice president of Allfirst Bank, a subsidiary of Allied Irish Banks (now M&T Bank) and was a member of the bank's senior loan committee developing an extensive knowledge and expertise in corporate lending, credit administration, and general bank operations.  She has also served as vice president of private wealth management at PNC Bank and Mellon Bank (now Mellon BNY) acquiring expertise in asset management and trust operations.  

By virtue of her position as Secretary of Banking and Securities, Secretary Spicher serves as:
  • Vice Chair, PA Banking and Securities Commission
  • Board Member, Commonwealth Financing Authority
  • Operational Committee Member, PA Community Development Bank
  • Board Member, PA Economic Development Financing Authority
  • Board Member, PA Energy Development Authority
  • Board Chair, PA Housing Finance Agency
  • Board Member, PA Industrial Development Authority
  • Board Member, PA Minority Business Development Authority
  • Board Member, Certified Real Estate Appraiser Board
  • Board Member, Public School Employees’ Retirement Board
  • Board Member, State Employees’ Retirement System Board
  • Member, Governor’s Advisory Council on Veterans Affairs
  • Board member, Commonwealth Cornerstone Group
  • Member, PA Council for Inclusive Procurement
  • Member, Flood Insurance Premium Assistance Task Force​
Secretary Spicher is a graduate of the Pennsylvania State University where she earned a degree in business administration with a major in finance and an emphasis on economics. She also studied at the School of Business Administration (ESAN) in Lima, Peru, and graduated with highest honors from the Pennsylvania Bankers Association Advanced School of Banking.