In July of the same year, he was appointed director of Department of Financial Institutions of the State of Indiana under the new banking code of 1933.
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After serving as DFI Director Richard moved to Vincennes, Indiana and helped to found Security Bank and Trust which opened on January 3, 1938 and served as the institution's first President until January 1949 at which time he was elected chairman of the board of directors.
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Richard was married to Edna Elrod on May 18, 1907 in Clark County in the State of Indiana.
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He held that position until 1933 when Governor Paul V. McNutt appointed him Commissioner of the Department of Financial Institutions of the State of Indiana.
In 1949 Richard McKinley was appointed full-time local Assistant Editor and succeeded Hoskins in 1952.
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