DFI Executives

Scott Jarvis, Director

Scott Jarvis was appointed the Director of the Department of Financial Institutions by former Governor Chris Gregoire in March 2005 and was reappointed by Governor Jay Inslee on February 18, 2013.

Scott has more than 35 years of experience as a financial regulator in Washington State.

As the director of DFI, Scott focuses on fostering policies that provide a healthy and predictable regulatory environment and promote economic vitality. Scott actively supports efforts to maintain the attractiveness and viability of the state bank and credit union charters, provide a fair and dynamic lending environment, and enable small business capital formation.

Scott is committed to protecting consumers and investors from fraudulent and predatory lending practices and believes those involved in such activities should be held personally accountable for their unlawful actions. Scott believes in the value of creating financially literate communities. Under his direction, DFI supports a variety of financial education programs for Washington residents of all ages through private, non-profit, and public partnerships.

Scott is an attorney and native New Yorker. He earned his bachelor’s degree from Allegheny College and his professional degree in law from the University of Puget Sound (now Seattle University) School of Law. Scott was selected to serve as a 2012-2013 board member and chair of the legislative committee for the Conference of State Bank Supervisors.

Gloria Papiez, Deputy Director and Director of Administration

Gloria Papiez has served as the Deputy Director and Director of Administration for the Department of Financial Institutions since January of 2000. Prior to that, she served for 6 years as the Assistant Director for Administration with the Washington Utilities and Transportation Commission, and served with the State Auditor’s Office for 10 years as an Assistant Director for Audit.

Gloria is a 1980 graduate of the University of Washington with a BA in Business Administration and is a Retired CPA and member of the Washington Society of Certified Public Accountants. She is also currently a Board member on the Washington State Financial Managers Advisory Council (FMAC). Gloria is married and has two grown boys and when not working enjoys most of what Washington has to offer, including boating, skiing, and golfing.

Charles Clark, Director of Consumer Services

Charles (Charlie) Clark was appointed Director of the Division of Consumer Services within the Washington State Department of Financial Institutions (DFI) January 1, 2015. Charlie previously served as the Program Manager of the Division’s Enforcement Unit since 2012. Prior to joining the DFI, Charlie represented DFI as its lead litigation counsel as an Assistant Attorney General from 2005 through 2011. Prior to joining the Attorney General’s Office, he worked for seven years as an attorney in private practice.

Charlie currently sits on the Board of Directors of the American Association of Residential Mortgage Regulators. He received his undergraduate degree in Accounting and an M.B.A. from California State University, Sacramento. He received a J.D. degree in 1997 from the University of the Pacific, McGeorge School of Law.

Rick Riccobono, Director of Banks

Richard (Rick) Riccobono is the Director of Banks at DFI.

Riccobono began his career in the financial industry in 1985 as a senior tax consultant and spent 20 years in the financial services industry as both banker and regulator. He served with the Federal Home Loan Bank of Boston, Mass., Federal Home Loan Bank of Atlanta, Ga., Office of Thrift Supervision as a Regional Director in Atlanta, Ga., Deputy Director and Acting Director of the Office of Thrift Supervision Department of Treasury in Washington, D.C. He most recently served as President and Chief Executive Officer of the Federal Home Loan Bank of Seattle.

He holds a Juris Doctorate degree from the Western New England School of Law in Springfield, Mass. and a Bachelor’s of Science degree from State University of New York in Albany, N.Y. He is a member of the Georgia Bar Association, Texas Bar Association and holds certification as a Public Accountant.

Riccobono is known in the banking industry as a strong supporter of community banks.

Linda Jekel, Director of Credit Unions

Linda Jekel

Linda Jekel was appointed State of Washington's Director of the Division of Credit Unions (Division) in 2002. The Division supervises state chartered credit unions. She has been a regulator since 1989. She is active with the National Association of State Credit Union Supervisors (NASCUS) since 1995, was Chairman in 2005-2007 and continued to serve on its board of directors from 2003 to 2016. Prior to her regulator experience, she worked for Heritage Federal Savings (now Heritage Bank) in various management and lending positions.

Linda is also a member of the Financial Education Public-Private Partnership (FEPPP). She is a strong advocate when it comes to getting financial education into the school system.

A Seattle native, Linda earned her Masters of Business Administration degree with a finance concentration from Pacific Lutheran University and achieved a graduate banking certificate from Pacific Coast Banking School in 1997. She is married with two adult children. She enjoys reading mysteries and traveling.

William M. Beatty, Director of Securities

William M. Beatty was appointed Securities Administrator of the Washington Securities Division in July, 2010. Bill’s career at the Division began in 1986 and he has served stints as a staff attorney, general counsel, and program manager.

He has served on various North American Securities Administrators Association (NASAA) project groups, task forces, and committees since 1990. He is currently NASAA’s President.

He received a BA from the University of Puget Sound and a JD from Seattle University School of Law.