Health concerns faced by John Allison and his wife have led Allison to announce he will leave his post as Mississippi Banking commissioner Sept. 30.
His departure marks the end of a four-decade career with the Mississippi Department of Banking and Consumer Finance. He took over the department as interim commissioner in 1996 and served through in that capacity through mid 1997. He received a full appointment as banking commissioner in 2000. Gov. Haley Barbour reappointed him in 2008.
“All good things must come to an end,” he said in an email message to financial services industries he regulates as well as friends and media.
“Several reasons have brought me to this conclusion, but the foremost are personal health issues that Jan and I are facing,” he said, referring to his wife, the former Jan Garner of Kosciusko.
The Olive Branch native and winner of the Bronze Star during a tour of duty with the U.S. Army in Vietnam joined the state’s banking department in early 1972. He served in various capacities, including deputy commissioner, and served as acting commissioner from Jan. 29, 1996 to August 11, 1997.
He received a bachelor of Business Administration degree from the University of Mississippi. Allison is a graduate of the School of Banking of the South, Louisiana State University as well as numerous federal regulatory courses of instructions and seminars presented by various regulatory groups as well as courses offered by related industries and associations.
Allison served as chairman of Conference of State Bank Supervisors in 2005.
In September 2007, he was appointed to the six member Board of Managers of the CSBS States Regulatory Registry LLC, developed and now oversees the operation the national licensing system for mortgage professionals.