April 15, 2019 – Credit Committee

CREDIT COMMITTEE MEETING

The meeting of the Credit Committee of the Business Finance Authority (“BFA”) was called to order at 2:00 p.m. at 2 Pillsbury Street, Pillsbury Meeting Room, Concord, New Hampshire.  The following Directors were present:   Dick Anagnost, Stephen Duprey, Charles Withee, and Bill Dwyer.  Present via telephone were Directors Matthew Benson, Catherine Provencher, Nancy Merrill, Jeffrey Hayes and Anthony Martini, Hinckley, Allen & Snyder.  Absent were Director Daniel Henderson, Senator Jeanne Dietsch, Senator Bob Giuda, Representative Laurie Sanborn and Representative Kermit Williams.  Also present were:  James Key-Wallace, Executive Director and Clerk; William Rushforth, Chief Financial Officer; and Jeremy Stanizzi, Senior Credit Officer.

Chairman Anagnost announced the meeting was open to the public and welcomed all present.

The Chairman asked for approval of the public and non-public minutes of the March 18, 2019 Credit Committee Meeting.

Upon motion made by Director Duprey and seconded by Director Withee, the following action was unanimously approved:

VOTED:  To accept the minutes of the March 18, 2019 Board Meeting.

The following named directors voted:

Aye:  Dick Anagnost, Stephen Duprey, Charles Withee, Bill Dwyer, Matthew Benson, Catherine Provencher, Nancy Merrill and Jeffrey Hayes.  Nay:  None.  Abstain:  None.

Whereupon the Chairman declared said resolution adopted.

At 2:02 p.m., the Chairman asked the Board to consider a nonpublic session.  The purpose of the nonpublic session was for the following reason:

Consideration of applications by the Business Finance Authority under RSA 162-A:7-10 and RSA 162-A:13, where consideration of confidential, commercial, or financial information that is exempt from public disclosure; and matters which if discussed in public, would likely affect adversely the reputation of any person, other than a member of the public body itself.

Whereupon Director Duprey made a motion for nonpublic session and Director Withee seconded.

The following roll call vote was taken to enter into the nonpublic session:

Director Anagnost                      yes

Director Duprey                         yes

Director Hayes                            yes

Director Benson                         yes

Director Provencher                  yes

Director Dwyer                           yes

Director Merrill                          yes

Director Withee                         yes

Following a vote of the Board to enter into a nonpublic session, the minutes of the nonpublic session are hereby recorded.

At 2:10 p.m., Director Duprey made a motion to come out of nonpublic session, seconded by Director Withee.

Director Dwyer made a motion to seal the minutes of the nonpublic session because it is determined that divulgence of the information likely would affect adversely the reputation of any person other than a member of the public body itself, or render the proposed action ineffective.

Upon second made by Director Duprey, the following named directors voted:

Aye:  Dick Anagnost, Stephen Duprey, Charles Withee, Bill Dwyer, Matthew Benson, Catherine Provencher, Nancy Merrill and Jeffrey Hayes.  Nay:  None.  Abstain:  None.

Whereupon the Chairman declared said action adopted.

There being no further business and upon motion made and seconded, the meeting was adjourned at 2:13 p.m.

 

Respectfully submitted:

Jeremy Stanizzi

Senior Credit Officer

 



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