[Congressional Record (Bound Edition), Volume 151 (2005), Part 11]
[Senate]
[Page 15180]
[From the U.S. Government Publishing Office, www.gpo.gov]




               HONORING THE CAREER OF CHARLES W. PHILLIPS

 Mr. BAYH. Mr. President, I rise today to recognize the great 
achievements of Charles W. Phillips, director of the Indiana Department 
of Financial Institutions. After 16 years serving the citizens of our 
State, Charlie Phillips is entering into a well-deserved retirement. 
Over the years, he has contributed to the safety and soundness of 
Indiana's banking industry, and I am honored to have the opportunity to 
thank him for his leadership and commitment to the people of Indiana.
  Charlie Phillips began his distinguished career in 1950 as an 
examiner with the Federal Deposit Insurance Corporation, FDIC, where he 
dedicated himself to banking and bank supervision. In 1958, Charlie 
Phillips moved to New Albany to work as president of Floyd County Bank. 
As a leader in his community for more than 25 years, he helped acquire 
land to establish the Indiana University Southeast campus in New 
Albany. For this achievement, Charlie Phillips was recognized with the 
Chancellor's Medallion for Distinguished Service.
  In 1989, after a brief retirement, Charlie agreed to become the 
director of the Department of Financial Institution for Indiana. I am 
proud to have been able to appoint him to that post. During his tenure 
as director, he served three other Governors besides myself.
  As director, Charlie Phillips was responsible for promoting the 
modernization of the Indiana Financial Institutions Act, which 
addressed corporate governance, interstate branching, and payday 
lending reform. His commitment to encouraging employees to pursue 
continued professional development is among one of his greatest 
accomplishments. As a result, one of his legacies will be a well-
trained staff, important to the health of Indiana's banking system and 
economy.
  The people of Indiana have benefited from Charlie's hard work and 
dedication. I am proud to have appointed him to a position that made 
use of his many talents and to be able to honor him today. I wish him 
all the best in his retirement.

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