Kenneth Sayre-Peterson is a Partner of Joseph & Cohen with a focus on banking regulation, credit unions, money transmitters, securities, trust and bank enforcement matters. He joined Joseph & Cohen in 2012 following his retirement from the California Department of Financial Institutions (DFI), where he served in various legal capacities during a twenty-two year career.
Mr. Sayre-Peterson acted as the General Counsel for the California Department of Financial Institutions from June 2007 until his retirement in November 2011. He was responsible for assisting the DFI’s Legislative Section and spearheaded a four year project culminating in the restatement of California’s Banking Law which was codified as part of the California Financial Code in January 2012. As part of this project, he drafted substantially all of relevant the enabling legislation.
Throughout his DFI career, Mr. Sayre-Peterson practiced general financial institutions law which resulted in an intimate knowledge of state and federal banking law, credit unions, regulatory and enforcement issues, money transmitter matters, securities and trust laws, as well as the corresponding federal laws. In this capacity, He played a significant role in many troubled bank resolutions and worked closely with senior regulatory staff at the Federal Deposit Insurance Corporation and the Federal Reserve Bank. While serving as the DFI’s General Counsel, he influenced the Department’s policy making process including the direction and scope of its examination and enforcement programs.
Mr. Sayre-Peterson is a member of the Consumer Financial Services Committee of the State Bar of California’s Business Law Section. He has been a featured speaker and panelist at numerous legal and banking seminars throughout his career including the Western Independent Bankers Association, the Bankers Compliance Group, the California Bankers Association, the Conference of State Bank Supervisors and the California Credit Union League. As the lead DFI attorney, he was an advisory member of the Financial Institutions Committee of the State Bar of California’s Business Law Section. Prior to joining the DFI in 1988, he worked as staff tax counsel for four years with the California State Board of Equalization. Before entering state service, he specialized in appellate work and lobbying while in private practice in Sacramento.
Mr. Sayre Peterson has been a member of the State Bar of California since 1983 following graduation, with distinction, from McGeorge School of Law, Sacramento. He earned a Bachelor of Arts degree in History from California Polytechnic State University, San Luis Obispo, 1977.