Governor Purdue obviously reads this blog, which is why she followed my suggestion to nominate Ray Grace as the next Banking Commissioner.
Once approved by the General Assembly, Commissioner Grace will serve for the remainder of Commissioner Smith's existing term, which ends March 31, 2015.
In related news, Commissioner Smith has returned to his former law firm where he will be "of counsel" while heading up oversight of the nationwide mortgage settlement. Sounds like he'll be busy.
You can read the Governor's press release here.