Mortgage Vet OK'd as PA Banking Chief

Published May 02, 2003, 2:00 p.m. EDT

1 Min Read

A. William Schenck III, a former chairman and chief executive officer of Fleet Mortgage Group, has been confirmed as Pennsylvania's secretary of banking.Mr. Schenck, 60, joined the administration of Gov. Ed Rendell after 34 years in the banking industry. As secretary of banking, he will serve as chairman of the board of the Pennsylvania Housing Finance Agency and will be a member of the boards of various state authorities. "In confirming Bill Schenck, the Senate provides Pennsylvania with a highly enthusiastic, consumer-protective banking regulator who knows and understands the needs of the banking industry as well as those of the consumer," Gov. Rendell said. In addition to heading the Columbia, S.C.-based Fleet Mortgage, Mr. Schenck was chairman of the operating committee of Great Western Financial Corp.

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