Banking Department looking for new home

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News,Business

JACKSON, Miss. (AP) — The Department of Banking and Consumer Finance has outgrown its state office building space and needs to move.

Banking Commissioner Jerry Wilson is looking for around 12,000 square feet and 85 parking spaces.

The agency is currently located in the Woolfolk State Office Building across the street from the state Capitol. Wilson tells the Mississippi Business Journal (http://bit.ly/1fEF24K) the department has no special need to be near the Capitol.

A Request for Proposals with a deadline of 5 p.m. Tuesday specifies lease space available in Hinds, Rankin or Madison counties.

Wilson said the agency needs more space to accommodate the work of state bank examiners who will be reviewing banking records and documents remotely. Until now, the examiners would visit the individual state-chartered banks and spend several days at a time at them.

"We plan to do more offsite exams," Wilson said.

Wilson said that means more office space and parking is needed for examiners, as well as visitors.

Wilson said for the security of the sensitive banking materials under review, the agency wants either a building of its own or its own secured floor.

The department expects to be in its new quarters within the next four months. Wherever it ends up, lease rates must be in line with rates other state agencies nearby are paying, said Wilson.

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Information from: Mississippi Business Journal, http://www.msbusiness.com

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