(a) The superintendent or any member of the Banking Board may be removed from office by a vote of two thirds of the members of the entire banking board for:
(1) Neglect of duty;
(2) Malfeasance;
(3) Misfeasance;
(4) Extortion or corruption in office;
(5) Incompetency;
(6) Intemperance in the use of intoxicating liquors or narcotics to such an extent, in view of the dignity of the office and the importance of its duties, as to render such person unfit for the discharge of his duties; or
(7) Any offense involving moral turpitude while in office, committed under color thereof or connected therewith.
(b) The superintendent may also be removed from office, without cause, upon written order of four appointed members of the Banking Board and the Governor.