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Smith confirmed as NC banking commissioner

RALEIGH — The General Assembly has agreed Joseph Smith Jr. should become North Carolina’s banking commissioner again after his nomination for a federal financial post fell short.

The House completed the Legislature’s confirmation of Smith to the commissioner’s job Monday night. Both chambers agreed unanimously with Gov. Beverly Perdue’s choice of Smith to remain commissioner for the next four years.

The Obama administration nominated Smith in November to lead the federal agency that oversees Fannie Mae and Freddie Mac. But Smith withdrew in January after he failed to get confirmed by the U.S. Senate.

Smith has been North Carolina’s banking commissioner since 2002.

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