Pamela Caraccioli, president and CEO of Fulton Savings Bank, has been appointed as a board member representing financial institutions on the state charter advisory board of the NYS Department of Financial Services
“Pam’s appointment to this position is a credit to her, and to Fulton Savings Bank,” said Mark Backus, chairman of the FSB board of trustees. “As a representative of financial institutions, she will have first-hand knowledge and input on issues, policies and trends affecting the banking industry in our state. Her experience and solid understanding of our customers, our community and our market make her an ideal fit for this position.”
Caraccioli was named president and CEO in 2022 and served as a trustee of FSB since 2015. Before joining the bank, she served as deputy to the president for external partnerships and economic development at SUNY Oswego. Prior to that, she served as a faculty member in SUNY Oswego’s School of Communication, Media, and the Arts. She also served as deputy director for Operation Oswego County, Inc.
Caraccioli holds a bachelor’s degree in law and society from the University of California at Santa Barbara, and a Master of Public Administration from Syracuse University’s Maxwell School of Citizenship and Public Affairs.
The Department of Financial Services (DFS) supervises and regulates the activities of nearly 3,000 financial institutions with assets totaling more than $8.8 trillion as of Dec. 31, 2021. The types of institutions regulated by the department include more than 1,700 insurance companies and 1,200 banking and other financial institutions. In addition, the DFS registers, approves, permits, authorizes and de-authorizes certain other entities.
