Las Vegas, NV - January 21, 2020
Department of Business and Industry Director Terry
Reynolds has made two appointments to leadership positions within the Department
of Business and Industry (B&I). Sandy O’Laughlin was appointed as
Commissioner of the Nevada Financial Institutions Division (NFID) in November
2019, and Budd Milazzo has been named B&I Deputy Director for Northern
Nevada, effective January 13.
O’Laughlin, Commissioner, Nevada Financial Institutions Division
A native of Nevada, Sandy began her banking
career in 1984 as a teller and quickly moved through the ranks into management.
Her broad range of banking experience encompasses administrative and retail
operations, and lending and compliance for state chartered, commercial and
national banking institutions. During her career as a senior bank officer, she
redesigned and implemented operational procedures that substantially curtailed
fraud, minimizing risk to consumers as well as the banking institutions.
Sandy was a founding board member and served
as vice president of membership for the Nevada Mortgage Lending Association and
is a former member and vice president of education for a local chapter of
Toastmasters International. She also volunteers with the Leukemia and Lymphoma
Society and Junior Achievement of Southern Nevada. She is a proud mom of two daughters, both
graduates of the University of Nevada, Reno. She and her husband Patrick love
boating on Lake Mead and are the proud parents of Dixie, a precocious Yorkie.
“I look forward to working with department
leadership and the talented individuals at NFID to lead the division to
become a dynamic and forward-looking agency,” said Commissioner O’Laughlin.
Milazzo, Deputy Director, Department of Business and Industry
Budd Milazzo has been appointed as Deputy
Director and will be responsible for managing the financial, human resource and
administrative functions of the Department. Budd has been employed by the State
of Nevada since 2010 after retiring as an owner of a business in New Jersey. He
brings a wealth of experience in financial and operations management in the
Prior to his appointment at B&I, Budd
served as the Chief Financial Officer for the Department of Health and Human
Services. Previously, he worked at the State Treasurer’s Office as a Deputy Treasurer
for Cash Management and Senior Deputy State Treasurer. Budd has also served as an Administrative
Services Officer at B&I and has managed the accounting and auditing units
at the Division of Public and Behavioral Health.
the Financial Institutions Division
The Financial Institutions Division, a division
of the Department of Business and Industry is mandated to maintain a financial
institutions system for the citizens of Nevada that is safe and sound, protects
consumers and defends the overall public interest. The Division also
promotes economic development through the efficient, effective and equitable
licensing, examination and supervision of depository, fiduciary, and
non-depository financial institutions. To learn more, visit http://fid.nv.gov.
About the Department of Business and Industry
The Department of Business and Industry is a
cabinet level agency in Nevada State government. Our objective is to encourage
and promote the development and growth of business and to ensure the legal
operation of business in order to protect consumers by maintaining a fair and
competitive regulatory environment. The Director’s office manages a number of
programs and initiatives to address the needs of small businesses and consumers
including small business information and referrals, bond programs, constituent
services and consumer affairs. To learn more, visit http://business.nv.gov.
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