Loudon State Senator Honored By New Hampshire Banking Org For Legislative Work

CONCORD, NH — The banking industry in New Hampshire honored a Loudon Republican for sponsoring legislation to protect lenders and borrowers and ensure transparency of the banking process and where taxpayer funds go.

State Sen. Howard Pearl, R-Loudon, received the Legislative Champion Award earlier this week at the NH Bankers event. Executive Councilor John Stephen, R-Manchester, was also awarded.

Pearl sponsored legislation to increase the legal lending limit for chartered banks in New Hampshire and aligned the state’s de novo period with the Federal Deposit Insurance Corporation. He also assisted in ensuring the contract between the state treasurer and the investment firm managing the New Hampshire Public Deposit Investment Pool got to the governor and Executive Council for approval, he said.

“These efforts ensure transparency in the process and provide important opportunities to understand where taxpayer funds go,” Pearl said. “Helping keep investment advisors accountable in carrying out new laws ensures portions of taxpayer funds are awarded to New Hampshire banks. I am grateful to lend a hand to the banking association and ensure accountability for taxpayer funds.”

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