SANTA FE, N.M. (7/13/11)--New Mexico Gov. Susana Martinez has named Albuquerque banker Cynthia Richards as the state's Financial Institutions Division director, effective July 25. The agency regulates more than 5,000 financial institutions, including credit unions (Associated Press via NewsChannel10.com July 12). Regulation and Licensing Superintendent J. Dee Dennis Jr. made the announcement Monday. Richards replaces Bill Verant, who was ousted after Martinez took office. With nearly 30 years of banking experience, Richards has served as vice president of American Bank, Rio Rancho, and Western Bank and First Community Bank in Albuquerque.