Bill Enloe appointed to Fed Board
Bill Enloe, Chairman and CEO of Los Alamos National Bank, has been appointed to serve on the Board of Directors for the Denver Branch of the Federal Reserve Bank of Kansas City.
Mr. Enloe's appointment puts him on a distinguished list of seven directors. The Federal Reserve has a long-standing tradition of relying on leaders in specific regions of the country who understand the economic forces that are at work in their geographic area.
The Denver Branch is one of three branches of the Federal Reserve Bank of Kansas City. The Branch provides services to financial institutions and the public in Colorado, Wyoming and northern New Mexico. LANB continually seeks to serve in leadership positions in our communities, and in this case regionally, to improve the economic vitality of New Mexico. Many times we find that these efforts prove as beneficial and educational for us as it does to those we serve.
"It's an honor to be asked to contribute to the regional and national economic dialogue of the Federal Reserve."
Bill Enloe
LANB by the numbers
- 67% of all LANB accounts are accessed online by our customers
- Number of bill payments processed in 2008 = 234,321
- 1,859,932 = the number of point of sale transactions (debit/credit cards) in 2008
- Average ticket of the above number = $38.34
- Total dollars of new loans made in 2008 = $252,299,847
- $63,852,138 was used for the purchase of a new home or investment property
out of the total new loans in 2008
LANB adds business products
LANB has added a Remote Deposit Capture program, "Quick Deposit," to an already impressive lineup of business products.
Quick Deposit, along with other products such as Retail Lockbox, Merchant Processing, Business Credit and Debit Cards, Sweep Transfers, Positive Pay and Account Reconciliation, creates a better way to help business owners simplify their banking. Quick Deposit allows businesses to deposit checks from their office without ever having to go to the bank. LANB is using this same technology to accept non-cash deposits and loan payments at our Albuquerque office.
Another enhancement of LANB's business suite is a new product called Retail Lockbox services. This service allows business customers to eliminate or reduce payment receiving and processing costs by having periodic customer payments sent directly to LANB who processes the checks and provides the business an accounting of who has paid. Most of the time, the bank can integrate the transactions into the customer's existing accounting system, making it seamless. Businesses can use LANB's expertise in transaction processing to provide efficiencies to business owners which in turn allows them to concentrate on what their business does best, serve their customers. Other benefits to the business include digital imaging for faster error resolution, fewer trips to the bank to make deposits and quicker availability of funds.
LANB has already been successful in implementing Retail Lockbox services with the Los Alamos County Utilities Department. Which added the capability for Los Alamos utility customers to make their payments through LANB ATM's and night depositories.
TCC teams up with Habitat for Humanity
Trinity Capital Corporation understands the value of community. Just over a year ago, the idea to partner with Habitat for Humanity was presented to TCC employees and met with great interest and enthusiasm. The idea to build an "LANB" home was taken to Habitat for Humanity of Española/Los Alamos and they agreed to join with LANB to build a house for a family in need. Danette Clark of TCC immediately contacted Stan Primak, Vice President of Primak Builders, to see if he would like to team up with LANB on this exciting project. Stan embraced the opportunity and added some ideas of his own, including the idea to build a "green" home. Stan has experience working with Habitat for Humanity. He and his wife, Joan, helped build a house in Mississippi after Hurricane Katrina devastated the area. He has been the general contractor on the project; teaching volunteers the different skills involved in building a home and working with community businesses to secure the materials needed.
Before beginning construction, a family needed to be selected. Both Habitat for Humanity and LANB organized committees to review applications and conduct interviews. The committee made their recommendations based on financial need and ability. After the committees reviewed nearly 60 applications, a handful of applicants were interviewed. Shortly after, the Habitat committee announced their selection, the Pacheco Family. Mr. Santos Pacheco is employed by the Los Alamos Public Schools. His wife,
Loretta, is a homemaker. Their son, Patricio, was injured in a fall when he was 16 and suffered a broken neck and is now in a wheelchair. Patricio is currently studying engineering at UNM in Los Alamos.
The official groundbreaking was held on November 1, 2008, with a great turnout. Attendees included, the
Pacheco family, the mayor of Española, Los Alamos County representatives, LANB and TG employees, Habitat for Humanity volunteers and other members of the community. Volunteers have worked Mondays, Wednesdays, Fridays and every other Saturday since the groundbreaking. More than 70 LANB and TG
employees, as well as their employee's friends and family have donated their time and energy to this project. The home will be ready to move into in spring 2009.
- 65 Percentage of companies that will not provide an annual report other than their corporate 10K.
- 45 Percentage of TCC advertising expenses that goes toward community support.
- 5 TCC's deposit share of NM deposits.
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