The NH Banking Department is responsible for the general supervision of all state 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 nondepository residential mortgage bankers, brokers, servicers and loan originators, money transmitters, retail sellers, sales finance companies, small loan lenders and debt adjusters.
State Laws mandate that the Department conduct examinations of each financial institution and licensed lender and broker to ensure compliance with state and federal laws and regulations.
State Laws also provide the Banking Commissioner with authority to investigate consumer complaints, hold public hearings and assess administrative fines and order restitution if New Hampshire State Laws are violated by institutions under the commissioner's jurisdiction.
Bank Commissioner Glenn A. Perlow
Glenn was appointed New Hampshire Bank Commissioner in March, 2013. He was Deputy Bank Commissioner beginning August 1, 2012, having served in an acting capacity for most of the year. He first joined the Banking Department as General Counsel in October 2011. Prior to that he served for five years as a senior assistant attorney general in the Civil Bureau of the New Hampshire Department of Justice, where he provided legal counsel to state agencies, and represented the state in administrative proceedings, litigation and appeals.
Glenn currently serves as Chairman of District I of the Conference of State Bank Supervisors and Member of the CSBS Board of Directors. Glenn is also a Member of the State Regulatory Registry Board of Managers.
Before joining the Justice Department, Glenn was a principal of Greene Perlow, P.L.L.C. in Bedford, New Hampshire. He began his legal career as an associate at McLane, Graf, Raulerson & Middleton, P.A. in Concord and Manchester, New Hampshire. He received his J.D. and Certificate in Environmental Law in 1997 from the Northwestern School of Law of Lewis & Clark College, where he was managing editor of the Journal of Small and Emerging Business Law.
Deputy Bank Commissioner Ingrid E. White
Ingrid White has been the Deputy Commissioner of the New Hampshire Banking Department since June 2013. Ingrid began her career with the Department in 2008, first as the banking division hearings examiner and then as the Department’s General Counsel. Prior to her tenure with the Department, Ingrid worked in private law practice representing a number of financial institution clients on regulatory and corporate matters. She is a graduate of the Ohio State University, Cambridge University, and Boston College Law School. Ingrid currently serves as a trustee of the Conference of State Bank Supervisors' Education Foundation and is also a member of the CSBS legislative and regulatory committees.
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.
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 Division and is responsible for licensing and supervising nonbank first mortgage lenders and brokers, mortgage loan servicers, mortgage loan originators, small loan companies, retail sellers, sales finance companies, money transmitters, and debt adjusters.
The Banking Division conducts examinations for safety and soundness of New Hampshire chartered banks, credit unions, trust companies, and family trust companies. The division processes and investigates applications for bank charters, branches, ATMs, merger transactions and interstate acquisitions. The Division publishes a corporate activities listing, compiles data for inclusion in the Annual Report of the Bank Commissioner, and responds to inquiries from state and federal regulators, financial institutions, and the public.
The Consumer Credit Division licenses and supervises nonbank mortgage lenders, brokers, and loan originators, mortgage loan servicers, small loan companies, retail sellers, sales finance companies, motor vehicle title lenders, payday lenders, money transmitters, cash dispensing machines, and debt adjusters. The division examines these entities for compliance with state and federal laws and regulations. The division processes registration and license applications and works with the Nationwide Mortgage Licensing System (NMLS) to approve and administer a variety of license and registration types. The division compiles data for inclusion in the Annual Report of the Bank Commissioner, and responds to inquiries from state and federal regulators, financial institutions, and the public.
The Legal Division is responsible for legal matters that come before the Department, which includes taking enforcement actions, negotiating settlements, investigating and enforcing laws against unlicensed activity, and investigating and facilitating resolution of consumer complaints. The division drafts legislation and department rules, and the General Counsel is the legislative liaison to the state Legislature.
|2013-Present||Glenn A. Perlow|
|2011-2013||Ronald A. Wilbur|
|2010-2011||Robert A. Fleury (Acting)|
|2001-2010||Peter C. Hildreth|
|1977-2001||A. Roland Roberge|
|1969-1976||James W. Nelson|
|1965-1968||Vincent P. Dunn|
|1959-1964||Harrison S. King|
|1952-1958||Winfield J. Phillips|
|1935-1952||Clyde M. Davis|
|1931-1934||Willard D. Rand|
|1926-1930||Arthur E. Dole|
|1925||Board: Leon O. Gerry/George E. Farrand|
|Deputy Bank Commissioners|
|2013-Present||Ingrid E. White|
|2012-2013||Glenn A. Perlow|
|2002-2012||Robert A. Fleury|
|1993-1999||Allan N. Jeannotte|
|1991-1992||Leon S. Merrill, Jr.|
|1969-1990||Arlan S. MacKnight|
|1957-1968||James W. Nelson|
|1928-1956||Leon O. Gerry|
|1926-1927||George E. Farrand|
53 Regional Drive | Suite 200 | Concord, NH 03301
(603) 271-3561 | fax: (603) 271-1090 or (603) 271-0750