Commissioner Announces Personnel Change in the Bank Division

NASHVILLE, Tenn. - Today, Greg Gonzales, Commissioner of the Tennessee Department of Financial Institutions (the Department), announced two personnel changes.

Tod Trulove is retiring at the end of April after 33 years of service to the Department. He has served the last 20 years as Assistant Commissioner of the Bank Division. Trulove began his career as an examiner in the middle Tennessee region and was promoted multiple times to ultimately lead this division, which supervises state-chartered banks, trust companies, and business and industrial development corporations (BIDCOs). Tod's career with the Department was characterized by the close working relationships he cultivated with the industry and fellow state and federal regulators. Since 2013, he served as an instructor at the Graduate School of Banking at Louisiana State University, of which he was also an alumnus. Tod is a native of Columbia, Tennessee, and a graduate of Middle Tennessee State University.

"Tod has done much to ensure a safe and sound Tennessee banking system," said Commissioner Gonzales. "Tennessee is indeed grateful for his service, and we wish him well in this next chapter."

Gonzales also announced that Philip Ruffin has been appointed as Assistant Commissioner of the Bank Division. Ruffin joined the Department in 2006 and has led the Large Bank section of the Bank Division since its inception in 2017. Before joining the Department, Ruffin served as a bank examiner with the Federal Deposit Insurance Corporation (FDIC). Phil is a graduate of Tennessee Technological University and the Graduate School of Banking at LSU. He is a resident of Mt Juliet, Tennessee.

"It's my pleasure to congratulate Phil on this promotion," said Gonzales. "He is a valued member of our team and serves an integral role as we work to fulfill the Department's mission of providing the people of Tennessee with a safe and sound banking system while giving institutions the opportunity to contribute to the economic progress of Tennessee and the nation."

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