Meeting of April 4, 2019
Recorder Bill Secord

Reminder: there is no morning meeting this week!
Our meeting this week will consist of the tour and play at Northern State on Friday.

The critical mass of members in attendance for this week’s meeting was slow in building, but by the time President Steve rang the bell, the room was full. Some of the pre-meeting conversation centered around guns, gun racks (think the rear windows of pickup trucks), and suppression permits (aka silencers). The gun racks in pickup trucks are now more likely to hold building contractor levels than shot guns, Forest Cole noted. There was a time when there used to be a lot of guns in the windows of trucks parked in the student parking lot at Lebanon High School. We could use those teenage hunters now, says Forest, to cull the deer herd. In lieu of his muzzle loader, Forest now snuggles a Maltese/poodle puppy that loves Reiki massages.

The final bit of “conversation” before the meeting officially opened: the introduction of a possible new Rotary welcome song to address the concerns of some members with memories of the Mickey Mouse Club on TV. The song itself is very nice; the practice singing led by Bruce Pacht, however, did not reflect Bruce’s high standards. The tune itself, thankfully, is a far cry from the hokey Mickey Mouse melody. Here are the lyrics:


We’re glad to be a part of something larger than life.

Lebanon bids welcome to all Rotarians.

We ask you all to do your part and live with Rot’ry on your heart.

And to our Four-Way Test be true; please come again, please do!

Secretary Will brought us up to date on the new status of St. Gaudens in Cornish. St. Gaudens is now officially a national historic park—upgraded from being an historic site. An historic site is typically just one building; an historic park incorporates more territory and historic features.

President Steve introduced guest Barry McCabe, an ex-vice president at Mascoma Bank, and welcomed new member Cindy Jerome and soon-to-be-inducted member Dave Crandall—both part of the Alice Peck Day administrative team. Angela introduced her guest, Caitlin Garcia, a member of the New London Rotary Club.

Caitlin held the winning raffle ticket but missed on drawing the Queen of Hearts. Ron Michaud won the weekly car wash from Jake’s.

Tim Guaraldi remined the pie makers for Saturday’s Pie Buffet to label the pies for ingredients that some people need to be aware of—such as lard. Pies may be dropped off at the high school on Friday night from 5:00 to 7:00 at the rear entry. (Middle School Film Night is being held in the cafeteria.)

Marion announced that the next meeting of the Brew Fest planning committee will take place on Monday, April 15. Tickets for the event, which is scheduled for August 24, will be available soon. The planning committee needs representatives from the membership of the former morning club. Both former clubs had separate fund-raising events—the golf tournament and the brew fest. The combined club now calls for all of us to join together on planning and producing both events. Call Marion for information on the Brew Fest planning committee meeting (603.381.4933).

Happy Dollars
  • Dean bragged that he was the first to enjoy one of Jake’s famous steak and cheese sandwiches at the new Jake’s Enfield. The fuel tanks are open!

  • Tim bragged that he will be picking up his suppressor permit at the Pinnacle Sports on Tuesday. (It won’t work on muzzle loaders.)

  • Joanne Lemieux told a bizarre story about an expectant couple’s use of an AR15 at a baby gender-revealing party—blasting away a target to scatter flocks of pink-colored Styrofoam over the landscape. The male sibling-to-be became very upset because he already had a sister.

  • Marion announced her new position as community relationship manager for Bar Harbor Community Bank.

Jerry Little, the NH Banking Commissioner
President Steve introduced our speaker—Jerry Little, banking commissioner for the State of New Hampshire. Jerry graduated from Concord High School and the University of New Hampshire. He started with a career in broadcasting and then as press secretary for Governor John H. Sununu. Jerry served as chair of the New Hampshire Bankers Association, eventually being nominated for banking commissioner by Governor Maggie Hassan.
Upcoming Events
Rotary Club of Lebanon's Club Meeting
Apr 18, 2019
Rotary Leadership Institute (Wells Maine)
York County Community College
Apr 20, 2019
7:00 AM – 3:00 PM
Rotary Club of Lebanon's Club Meeting
Apr 25, 2019
Lebanon Rotary Club Meeting
Dwinell Room
Apr 25, 2019 7:00 AM
Rotary Club of Lebanon's Club Meeting
May 02, 2019
Rotary District 7850 District Conference
Delta Hotel
May 02, 2019 6:00 PM –
May 05, 2019 12:00 PM
Rotary Club of Lebanon's Club Meeting
May 09, 2019
Rotary Club of Lebanon's Club Meeting
May 16, 2019
Rotary Club of Lebanon, NH - Board Meeting
Whitman Building - Level 2
May 21, 2019 5:30 PM
Rotary Club of Lebanon's Club Meeting
May 23, 2019
Executives & Directors
Vice President
Vice President
Assistant Treasurer
Past President
Past President
International Service
Sergeant at Arms
Youth Service
Web Master
Service Projects
Service Projects
Rotary Foundation Chair
The Rotary Foundation
Russell Hampton
Jerry began his talk with an explanation of the national banking system and how New Hampshire’s banking department fits into the dual nature of that system. President Lincoln set up the first national banking system that stuck. The states have their own individual systems, and the two systems operate simultaneously—the national banking system and the state charter banking system. Mascoma Bank, for example has just moved back into being governed by the New Hampshire Banking Department after having operated for a number of years under the federal system when such a charter was necessary to have operations in more than one state. Jerry noted that half of all small businesses get their funding from state-chartered banks, which have a more community orientation. Last year Congress passed a regulatory relief bill that defined community banks as banks having less than $10 billion dollars in assets, a metric that Jerry strongly disagrees with. He stated that it’s the focus of the bank’s services that matters, not the size of the bank’s assets.
The New Hampshire Banking Department also regulates non-depository trust corporations. The department receives about four to six trust applications a year, including some that might be set up for just a single family. Trusts can have a very narrow focus, and their fiduciary duties are regulated.
Friction has developed in the banking system nationally as organizations look for ways to get around regulations such as those required by the FDIC. Google and other online organizations are looking for a “killer app” that will wipe out the banking industry as it is presently structured.
The New Hampshire Bank Department has two main focuses: to foster a robust economic climate and to provide consumer protection. The state department operates to promote competition and to protect the consumer. The department does not operate in the regulation of business lending by banks. The department does regulate such operations as car loans and other small loans—but not title loans. New Hampshire has very few payday loan operations because of our strict regulations.
Much of Jerry’s focus as banking commissioner has been to overhaul a broken budgetary process. New Hampshire’s budget-making regime calls for establishing budget figures two years in advance, usually with a demand for a minimal percentage increase. The process has had a very negative effect on hiring procedures and for the enabling of a workable career advancement path for the department’s employees. Of the 55 employee positions authorized in the department budget, only 45 are currently filled. On top of that problem is the formidable task of making sense of a budget that comprises two budget books each one-foot high—with a lapse of expenditure of $1.2 million of the allocated funds each year as estimates are made for hiring two years in advance. Salaries and benefits comprise 82% and tech resources 17% of the depart budget.
The banking department spends $150,000 to $180,000 in training a new hire—then the new employee finds that there is no visible career ladder laid out for him beyond bank examiner 1 and 2. The highly trained employees then jumps ship to more lucrative employment across the street with the FDIC, for example. Jerry has begun to address these problems with a regularly scheduled biweekly staff meetings with a focus on establishing visible career ladder. Jerry has also gotten governor Sununu’s support in making changes to the budgetary process through legislation now before the state legislature.
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Service Above Self
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