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The NH Banking Department is responsible for the general supervision of all New Hampshire chartered financial institutions.
These institutions include commercial banks, fiduciary trust companies, mutual savings banks, guaranty savings banks, co-operative banks,
merchant banks, and credit unions. The Department is also charged with the licensing and supervision of non-bank mortgage lenders and brokers,
money transmitters, mortgage loan servicers, retail sellers, sales finance companies, small loan, title loan, payday lenders and debt adjusters.
State laws mandate that the Department conduct examinations of each financial institution and licensed lender and broker to ensure sound financial
management and compliance with state and federal laws and regulations.
State Laws also provide the Banking Commissioner with power to investigate consumer complaints, hold public hearings and assess
administrative fines and order restitution if New Hampshire State Laws are violated by institutions under his jurisdiction.
Please click here to read the complete history of the Department.
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 NH Banking Commissioner Peter Hildreth |
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 Peter C. Hildreth has served as New Hampshire Bank Commissioner since September 20, 2001. He was recently sworn in for a second term that will expire on January 1, 2013.
Prior to serving as Bank Commissioner, Hildreth was Director of Securities Regulation in
the New Hampshire Secretary of State’s office.
Since his appointment, Commissioner Hildreth has been active in the Conference of State Bank
Supervisors (CSBS). He has served as a member of the CSBS Board of Directors in 2005. In
addition, he currently serves as CSBS District 1 Chairman.
While serving as the Director of Securities Regulation for the State of New Hampshire, he
was President of the North American Securities Administrators Association (NASAA) from 1998
to 1999 and also served on the Board of Directors of NASAA for five years.
Prior to entering state service, he practiced law in Concord, N.H. He has also served in
state government as a hearings examiner. Commissioner Hildreth is a former five-term member
of the New Hampshire House of Representatives. He earned his undergraduate degree in
History from Plymouth State College and his law degree from Franklin Pierce Law Center.
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Deputy Bank Commissioner Robert A. Fleury |
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Robert A. Fleury has served as the Deputy Bank Commissioner since August 14, 2002.
Deputy Commissioner Fleury joined the Department in 1991 as an Examiner and has held
positions of increasing responsibility since that time.
Deputy Commissioner Fleury holds a Bachelor of Science degree from the University of
Maryland. He is also a graduate of the New England School of Banking at Williams College.
Prior to coming to the Department, Deputy Commissioner Fleury served in the United States Navy.
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The New Hampshire Banking Department is an executive agency of New Hampshire state government
charged with protecting the public interest by securing the safety and soundness of banks and
credit unions, and by regulating non-bank consumer loan lenders and loan brokers.
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Our History |
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The first act relating to the bank commissioners was passed in 1837 and was approved July 5th by Governor
Isaac Hill. It provided for the appointment of three commissioners for terms of one year. Prior to 1837, examinations of state banks were performed by committees of the legislature.
The terms of the commissioners continued to be of one year each until 1881, when the number of commissioners was reduced from three to two and the terms were increased to two years each. In 1889, the law was amended and a board of three commissioners was created with terms of three years each, the terms being so arranged that one expired each year. The board of commissioners continued until it was abolished in 1913, when the positions of commissioner and deputy commissioner were created by the legislature. In 1915, a board of three commissioners was restored, with one commissioner designated as chairman and the terms were extended to six years, with one expiring every two years. In 1925 changes provided for the reorganization of the bank commission, replacing the commission of three members with a commissioner, a deputy, two examiners, and other assistants. The bank commissioner and deputy were appointed for six year terms by the Governor with the consent of the executive council.
Until 1881 the commissioners were paid for their examinations by the banks at the rate of two dollars per day and ten cents a mile for travel. Subsequently the per diem was increased to three dollars, and in 1885 to five dollars. Salaries were first authorized in 1889.
The Small Loan Division was created in 1961. The division was responsible for the licensing and supervision of small loan companies and retail seller and sales finance companies. The division is currently referred to as the Consumer Credit Administration Division and is responsible for licensing and supervising nonbank first mortgage lenders and brokers, second mortgage lenders, mortgage loan servicers, small loan companies, retail sellers, sales finance companies, title loan, payday lenders and debt adjusters.
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Banking Division |
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The Banking Division conducts examinations for safety and soundness of New Hampshire chartered
financial institutions, including commercial banks, fiduciary trust companies, mutual savings
banks, guaranty savings banks, co-operative banks, merchant banks and credit unions. The division
processes and investigates applications for bank charters, branches, ATMs, merger transactions
and interstate acquisitions. It also processes registrations for nonbank cash dispensing machines.
The division publishes a monthly bank activity bulletin, compiles data for inclusion in the Annual
Report of the Bank Commissioner, investigates consumer complaints and responds to inquiries from
state and federal regulators, financial institutions, and the public.
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Consumer Credit Division |
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The Consumer Credit Division licenses and supervises nonbank mortgage lenders and brokers,
second mortgage lenders, small loan companies, sales finance companies, retail sellers, debt
adjusters and mortgage loan servicers. The division examines each licensed lender and broker for
compliance with state and federal laws and regulations. Administrative staff conducts license
application reviews and investigates non-licensed entities. The division compiles data for
inclusion in the Annual Report of the Bank Commissioner, investigates consumer complaints and
responds to inquiries from state and federal regulators, financial institutions, and the public |
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General Counsel |
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The General Counsel is responsible for legal matters that come before the department.
In addition, the General Counsel is the legislative liaison to the state Legislature.
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Click here for
CONSUMER INFORMATION
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