March 18, 2019 – Credit Committee

CREDIT COMMITTEE MEETING

The meeting of the Board of Directors 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, Daniel Henderson, Jeffrey Hayes, Nancy Merrill, Stephen Duprey, Charles Withee, Catherine Provencher, Bill Dwyer, Senator Jeanne

Dietsch and Representative Kermit Williams.  Present via telephone was Director Matthew Benson.  Absent were Representative Laurie Sanborn and Senator Bob Giuda.  Also present were:  James Key-Wallace, Executive Director and Clerk; William Rushforth, Chief Financial Officer; Jeremy Stanizzi, Senior Credit Officer; Kris Moussette, Hinckley Allen & Snyder; John Stoecker and Lee McCormick, National Finance Authority.

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 February 11, 2019 Credit Committee Meeting.

Upon motion made by Director Henderson and seconded by Director Dwyer, the following action was unanimously approved:

VOTED:  To accept the minutes of the February 11, 2019 Board Meeting.

The following named directors voted:

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

Whereupon the Chairman Protem declared said resolution adopted.

Kris Moussette, Hinckley Allen & Snyder; John Stoecker and Lee McCormick, National Finance Authority departed the meeting.

At 2:10 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 Henderson made a motion for nonpublic session and Director Dwyer seconded.

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

Director Anagnost                      yes

Director Duprey                         yes

Director Henderson                    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 2:45 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 Hayes, the following named directors voted:

Aye:  Dick Anagnost, Daniel Henderson, Jeffrey Hayes, Stephen Duprey, Charles Withee, Catherine Provencher, Bill Dwyer, Matthew Benson and Nancy Merrill.  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 2:45 p.m.

 

Respectfully submitted

Jeremy Stanizzi

Senior Credit Officer

 



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