Robert Worcester Elected Chairman of TCC
In May 2008, Robert Worcester was named Chairman of the Trinity Capital Corporation Board of Directors. As Chairman, Mr. Worcester leads the discussion concerning strategic initiatives and performance that occur at regular Board meetings and the numerous committees that meet throughout the year.
Mr. Worcester joined the Board of Directors in 1995 and is an attorney with the Santa Fe law firm of Worcester & McKay, PC, specializing in estate planning. Mr. Worcester's knowledge and experience in trust and estate matters have been extremely valuable to the success of Trinity Capital Corporation.
Annual reports changing
The days of the thick and glossy corporate annual report may be a thing of the past. Barnes MacInerney Inc., a Toronto based firm that specializes in investor relations reported in their most recent study of corporate annual reports that only 35% of U.S. companies continue to provide annual reports of similar content and production quality as they did in the past. The remaining 65% have opted to provide only their corporate 10K with a glossy cover or summary to shareholders.
The study was conducted prior to the current economic downturn, which may suggest that the trend may accelerate as firms experience increased economic pressures. The study notes that increased reliance on corporate websites for investor communications plus the cost of production and mailing are cited by most who have made changes to their annual reports. The green factor also is noted as a contributor by some.
Trinity Capital Corporation (TCC) has always taken pride in providing a meaningful and useful annual report to its shareholders. A good annual report starts with the financial performance it communicates. Fancy or unique annual
reports are nice, but without financial performance it only highlights that a company is out of touch with shareholder expectations. This year's annual report is a departure from prior ones. While 2008 was not an exceptional year for TCC, the profitability and stability of performance, amidst the worst economic downturn in decades, signifies a good annual report.
This year's annual report is cost effective, informative, green and hopefully interesting. It will be less expensive to mail and will be available online at www.lanb.com. This is in step with trends Barnes MacInerney noted and is more informative of the activities we embarked upon in 2008.
Locals Care & LANB continue to make a difference
Los Alamos National Bank card customers have an opportunity to make a difference in their community.
Locals Care provides an opportunity for participants to stimulate the local economy. In 2006, LANB and the Santa Fe Alliance partnered to introduce the Locals Care program to the Santa Fe community. Both saw an opportunity to bring a rewards program that would benefit local small businesses, non-profit organizations and consumers. As a customer loyalty tool, the Locals Care program boosts sales from both new and existing customers, which helps smaller businesses compete with big box retailers. Numerous studies have shown that when you buy from an independent, locally-owned business, more of those monies are re-circulated in the local economy which strengthens the economic base of the community.
The Locals Care program provides two powerful incentives to cardholders which encourages local spending. The first being earned reward points which are redeemed for goods or services at participating Locals Care businesses, the second provides an effortless way to give a percentage of those purchases to a non-profit of their choice. Already, cardholders have spent more than $5 million at participating businesses since the programs' inception, creating $113,000 in loyalty rewards to customers and an additional $113,000 to their favorite non-profit.
After seeing the success of this program in Santa Fe, LANB was eager to bring the same benefits to the Los Alamos community in 2007. One Locals Care merchant shared: "I believe by being a part of this program, LANB recognizes that when local businesses prosper, LANB prospers too."
- 98 Percentage of deposits that are put to work as loans within the community.
- 67 Percentage of LANB accounts that are accessed online by our customers.
- 3 % Total revenue generated by service charges on deposits.
- LANB puts up big points with support
Los Alamos National Bank continues a tradition of supporting local schools with its contributions to a new scoreboard and marquee sign at Los Alamos High School. The scoreboard was part of a renovation project at the track and football complex.
LANB has also contributed funds for a new marquee at the Genoveva Chavez Community Center in Santa Fe. The bright, modern sign creates a strong presence for LANB and displays its continued commitment to youth and community activities taking place at the Chavez center.
|