John Michael “Mike” Toca

Economics, 1985

Jobs were not easy to come by when John Michael “Mike” Toca graduated from Nicholls State University in economics in 1985. He accepted an assistant manager position at K&B Drugs upon graduation. But he didn’t toss his economics degree away for a lifelong career there.

After earning his MBA from Tulane University and working briefly at Metropolitan Life Insurance Company, Toca joined the mortgage division at the state Office of Financial Institutions as an examiner. There he helped develop the examination currently being used today. In June 2002, he transferred to the banking division as an assistant bank examiner.

Since April 2004, Toca has been an assistant bank examiner in the Fifth Federal Reserve District in Richmond, Va., where he conducts safety and soundness examinations of state chartered Federal Reserve member banks.

Toca’s most memorable experiences at Nicholls were playing fraternity sports with his Phi Sigma Kappa brothers. He most appreciates the attentive faculty and fellow students at Nicholls who helped him along his career path.

“My accounting and economics courses helped me prepare for my career,” Toca says. “If you want a career in any field of financial services, including government regulation, take at least 18 hours of accounting.”