12/10/2013
LANB Wins School Bond Bid

Los Alamos National Bank (LANB) continues to demonstrate its commitment to the communities it serves in numerous ways.  Today, (December 10, 2013) LANB was the low bid for $4.9 million in Los Alamos Public Schools (LAPS) Bonds.  The Bonds are provided to the lowest bidder as this provides the lowest cost to the LAPS to funding their capital and special projects.  Steve Wells, President of LANB said, “LANB’s success is directly related to the success of the communities we serve.  We not only believe this is a great investment but also an investment in the future of education in our State and another way LANB makes a difference.”

 

Los Alamos Public School District General Obligation Bonds Series 2014, Rated AA1 (enhanced), dated January 14, 2014.  Proceeds will be used to erect, remodel, make additions to and furnish school buildings to improve Los Alamos Public Schools.  Bond issue size $4,900,000 maturing in 2015 through 2026 with coupon rates ranging from 2.25%-3.00%.

 

Link to Los Alamos Public School Thank You Response

 

With current assets of more than $1.5 billion, Los Alamos National Bank (LANB) is the largest locally owned bank and one of the largest banks in New Mexico. Through the focused and responsive work of 360 professional employees, LANB proudly offers a full range of banking services with the highest degree of customer service to businesses and residents in northern New Mexico and the Albuquerque metro. A true community bank with six full-service locations, LANB is one of the top mortgage lenders in the state. LANB has been voted "Best Bank in Santa Fe" by the readers of the Santa Fe Reporter for the past eight years. LANB was the first corporation in New Mexico, as well as the first and only bank in the nation, to earn the prestigious Malcolm Baldrige National Quality Award. Founded in 1963, LANB is a subsidiary of Trinity Capital Corporation headquartered in Los Alamos, N.M. For more information visit LANB.com or call 505-662-5171 (Los Alamos/Santa Fe) or 505-449-5100 (Albuquerque).