Newspaper article St Louis Post-Dispatch (MO)

Enterprise Financial Buying One of New Mexico's Largest Local Banks for $213 Million

Newspaper article St Louis Post-Dispatch (MO)

Enterprise Financial Buying One of New Mexico's Largest Local Banks for $213 Million

Article excerpt

Clayton-based Enterprise Financial Services Corp., the holding company of Enterprise Bank & Trust, is buying Trinity Capital Corporation, the holding company of Los Alamos National Bank, for $213 million.

Los Alamos, N.M.-based Trinity had $1.3 billion in assets, $714 million in loans and $1.1 billion in deposits as of June 30. Los Alamos National Bank has six banking offices in Los Alamos, Santa Fe and Albuquerque, N.M.

n the sale finalizes, the combined company will have about $7 billion in assets. The transaction has been unanimously approved by the board of directors of both banks, Enterprise Financial said Thursday, and is expected to close in early 2019, pending shareholder and regulatory approval.

Los Alamos National Bank "has a deep history and commitment to their employees, customers and communities that is demonstrated by a dominant market share and extraordinary customer loyalty. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.