Pub. 11 2014 Issue 3

O V E R A C E N T U R Y : B U I L D I N G B E T T E R B A N K S - H E L P I N G N E W M E X I C O R E A L I Z E D R E A M S Fall • 2014 17 CENTURY BANK ACQUIRES VALLEY NATIONAL BANK Century Bank, headquartered in Santa Fe, and Valley National Bank of Espanola have announced that the banks have entered into an agreement for Century Bank to purchase certain assets (specified loans, investments and property) and assume all depos - its of Valley National Bank. The Boards of Century and Valley National unanimously ap - proved the agreement which is subject to regulatory approval and other customary conditions. The transaction is anticipated to close in the fourth quarter of 2014. Century Bank will have approximate - ly $730 million in assets after the transaction closes. “Century Bank is excited about the opportunity to serve the customers and staff of Valley National Bank”, stated Don Padgett, Century’s President and Chief Executive Officer. “This transaction, when completed, presents a great opportunity for Century to ex- pand our services into Espanola Valley. This combination will pro - vide Valley National Bank customers a broader product offering, increased lending limits and expanded branch office network that stretches from Espanola to Las Cruces.” BANK’34 Alamogordo Financial Corp., the parent company of BANK’34, Al - amogordo, on August 29 announced that it has completed its merg- er with Bank 1440, Phoenix, AZ. The merger agreement was initially announced in the summer of 2013 and amended earlier in 2014. Jill Gutierrez, President and Chief Executive Officer of Alamogor - do Financial Corp., said, “The foundation of this merger has been, and will continue to be, the commitment to create a strategic union based on complementary strengths. We have just inked a uniquely refreshing banking story around the blending of two banks, the next exciting chapters of which will now be unleashed for shareholders, customers, employees and communities of both franchises.” n ASSOCIATEMEMBERNEWS With the help of Capital CDC and the SBA 504 Loan Program, Sorrel Sky Gallery expand their business, opening their second lo- cation in Santa Fe, New Mexico. Business owner Shanan Campbell Wells has been in the art gal- lery industry for more than twenty years. Wells has been the own- er and operator of Sorrel Sky Gallery for thirteen years and has taken the lead in making it a well-known forerunner in the Four Corners art community. Sorrel Sky Gallery’s second location, located at 125 W. Palace Ave., Santa Fe, NewMexico, is a 5,989 square feet two-story space. The gallery’s Western art focus will feature work from Star Liana York, former U.S. Senator Ben Nighthorse Campbell, Gerald Balciar, and others. Capital CDC is excited for Sorrel Sky Gallery’s success. n NEW ASSOCIATE MEMBER BANK NEWS Montgomery & Andrews PA Mailing: PO Box 36210, Albuquerque, NM 87176 6301 Indian School Rd, Suite 400 Albuquerque, NM 87110 Telephone: 505-855-6721 Fax: 505-888-8929 Website: www.montand.com Email: hlavender@gmail.com Contact: Harold Lavender Founded in 1956, Montgomery & Andrews Law Firm provides practical and innovative legal solutions to local regional and na - tional clients. The firm represents a number of banking clients and has an active commercial practice. Weinstein, Pinson & Riley, P.S. 20 First Plaza NW, Suite 603 Albuquerque, NM 87102 Phone: 844-640-5409 Email: Elizabethm@w-legal.com Contact: Elizabeth Mason The law firm provides legal services to mortgage lenders and services; representation of creditors in bankruptcy; and unsecure debt collection. n SPECIAL NOTE: Steve Wells-Los Alamos National Bank Los Alamos National Bank (LANB) announced the retirement, effective December 31, 2014, of Steve Wells as its president and chief administrative officer and secretary of the bank’s holding company, Trinity Capital Corporation. Wells will retire after a 37-year banking career in NM. He joined LANB in 1985 as executive vice president, coming over from Bank of Los Alamos, where he was president. In 1994, Wells was pro- moted to president of LANB. Wells stated in a news release regarding his retirement. “We have accomplished great things, helped build one of the most suc - cessful community banks in New Mexico, and, together earned the prestigious Malcom Baldrige National Quality Award-the only bank in the nation so recognized…I look forward to being just another satisfied customer and living in a community made better because of the way LANB does business. Wells served as President of the NMBA, 2003-2004, and is cur - rently serving on the NMBA Board of Directors. The NMBA offi - cers, directors and staff want to thank Steve for his contribution to the banking industry and the NMBA. n SENIOR LENDING OFFICER needed for a well-established, growing community bank in Southeastern NewMexico. Must have a bache - lor’s degree and a minimumof five years’ experience in commercial lending. Good salary and benefits available. Please contact Betty Egbom, EVP/Marketing & Human Resources, at 575-234-2510 or send resume to begbom@carlsbadnational.com .