Mr. Cronan brings over thirty-five years of experience in the financial services industry as a banker, consultant, and, primarily, a bank examiner. He has worked with banks and thrifts of various sizes and complexities and in different types of non-bank financial institutions and fintechs. Mr. Cronan has worked in every aspect of banking compliance, including BSA/AML/OFAC and the Community Reinvestment Act (CRA).​

Rusty served as a Commissioned Examiner in compliance at the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Bank of St. Louis. He spent the last twenty-one years of his regulatory career as a Commissioned Examiner in compliance at the Office of the Comptroller of the Currency (OCC) and the Consumer Financial Protection Bureau (CFPB). His examination assignments include serving as the Compliance Functional Examiner in Charge at First Tennessee Bank, N.A., which was then a top 10 mortgage lender in the OCC’s Large Bank line of business, and serving as the CFPB’s Examiner in Charge/Central Point of Contact at U.S. Bank, N.A.​

In significant non-examination assignments, Mr. Cronan led the compliance section of the OCC’s Large Bank Quality Assurance Unit, which ensured large bank examination teams followed examination policy and identified examination best practices for replication across large banks. He also served as a Policy Specialist in the OCC’s BSA/AML Compliance Policy unit, where his duties included contributing to the interagency FFIEC BSA/AML Examination Manual. In addition, he was a member of the U.S. Department of Justice’s Eastern District of Missouri Anti-Terrorism Advisory Council, where he supported law-enforcement analysis of suspicious activity reports. He also served as a member of a Federal Reserve System task force established to risk base the Consumer Affairs examination process across the nation’s twelve Reserve Banks. Mr. Cronan spent many years as an instructor at the FFIEC’s BSA/AML Workshop, where he taught examiners and other staff from across numerous federal and international agencies, including the FDIC, Securities and Exchange Commission, Federal Reserve, Office of Thrift Supervision, National Credit Union Administration, Internal Revenue Service, and at the OCC’s BSA/AML school.​

He has attended many training courses and conferences over the years related to compliance, BSA/AML/OFAC, and CRA. In addition, he also earned Certified Regulatory Compliance Manager, Certified Risk Professional (Compliance), Certified Anti-Money Laundering Specialist, and Anti-Money Laundering Professional industry certifications.