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The Future of Banking in Rural North Carolina

Photo of the front of a large, formidable bank made of stone. There are columns at the entrance with ornate carvings at the top. There are multiple tiers of carvings that lead to the building's roof, which alternate between simple stone and ornate designs

Advocacy & Research

Ray Grace

Commissioner of Banks
NC Office of the Commissioner of Banks

Ray Grace is North Carolina Commissioner of Banks and oversees the regulation of banks, savings and loans, trust companies, mortgage lending, consumer finance lending, and other non-bank lenders. Grace was appointed Commissioner in 2013, after serving as Acting Commissioner since 2012.

Grace joined the U.S. Marine Corps in 1966, served in the Vietnam War from 1967 to 1968, and was honorably discharged in 1969. He graduated from Niagara University, Niagara Falls, New York, in December 1973, with a B.S. in Commerce, and began his career at the N.C. Office of the Commissioner of Banks (NCCOB) as an examiner trainee on July 1, 1974. For more than 40 years, he has dedicated his service to our State, serving in various capacities at NCCOB, including Commercial Bank Examiner, Special Supervisory Examiner (responsible for supervision of troubled banks), Director of Bank Applications, Chief Deputy Commissioner and his current role – Commissioner.