Pub. 14 2017 Issue 1

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 Issue 1 • 2017 21 BANK NEWS Four Corners Community Bank to Buy Deposits from Cortez Bank Four Corners Community Bank (FCCB), Farmington, announced recently that it is has entered into an agreement to acquire the deposit accounts of the Cortez banking center of Community Banks of Colorado, a division of NBH Bank, based in Greenwood Village, CO. The transaction is scheduled to be completed in May and is subject to approval by federal and state regulatory authorities. FCCB President/CEO Shelia Mathews said, “We are thrilled to welcome the Cortez Community Banks of Colorado deposit customers to the FCCB family. We are confident that our wealth of products and friendly, knowledgeable staff will accommodate everyone.” Four Corners Community Bank is working closely with NBH Bank to ensure a smooth and seamless transition for those deposit customers and accounts being transferred. “Our new customers can be assured they will be a part of a locally owned and operated bank, where decisions are made within and for the communities we all come home,” said FCCB Board Chair, Frank Macaluso. TCC, Los Alamos, Completes $52 Million Capital Raise Trinity Capiatal Corporation, parent company of Los Alamos National Bank (LANB), both of Los Alamos, announced on December 19, 2016, that it closed its previously announced private placement of 2,661239 shares of its common stock at $4.75 per share and 82,862 shares of its Series C preferred stock at $475.00 per share to Castle Creek Capital Partners VI, L.P., Patriot Financial Partners II, L.P., Patriot Financial Partners Parallel II, L.P. (together with Patriot Financial Partners II, L.P.) and Strategic Bank Partners, L.P. for gross proceeds of approximately $52.0 million Trinity intends to use approximately $49.9 million of the gross proceeds to repurchase all of the Trinity’s outstanding Series A and Series B preferred securities originally issued under the US Treasury’s Capital Purchase Program and, with the addition of a $15.0 million dividend from LANB, approximately $10.2 million to bring current the deferred interest on Trinity’s four series of trust preferred securities. The remainder of the proceeds, following the payment of certain expenses associated with the private placement, will be used for other general corporate purposes. Murray Ryan Dies at Age 94 Former longtime New Mexico state Representative Murray Ryan, who developed a reputation as a personable and principled lawmaker during a 29-year run in the Legislature, died on January 7 in Silver City. John Anderson, EVP of the NMBA, said, “Murray was the prime sponsor of much of the bank-related legislation during his legislative career. Our industry had no better friend.” Ryan, who was 94, was the longest-serving House Republican at the time of his resignation in 1998. Although he was a member of the minority party during his entire tenure in the Legislature, he was able to secure continued funding for hospitals, senior centers and Western New Mexico University. Ryan also served on the Board of Directors of the First National Bank of Silver City. Sen. John Arthur Smith, D-Deming, who served in the Legislature with Ryan and who knew the former lawmaker from a young age, described Ryan as a “straight shooter” and a moderate Republican. “He was not highly partisan-he just called it the way it was,” Smith recalled. “He was never looking for a fight with anyone, but he would stand his ground.” Albuquerque Journal Editor Kent Walz, a former Silver City resident, said, “Murray was a dear family friend and a tremendous role model. His good humor, civility and kindness were defining traits, and he was an inspiration to so many.” A graduate of West Point, Ryan was born in the small village of Central, N.M.-now known as Santa Clara-in 1922, and worked for both his family’s liquor distribution company and the Kennecott Copper Corp., which ran the open-pit copper mine near Silver City. After serving on the local school board, he began representing House District 38-which includes Truth or Consequences, part of Silver City and a swath of the Gila National Forest-in 1969. Pioneer Bank CEO and President Announces Retirement Jon Hitchcock, Pioneer Bank President and CEO, has announced his retirement after working for the bank for 37 years. Hitchcock received his BBA in 1974 fromSt.Mary’sUniversity inSanAntonio and is a Certified Public Accountant. He began his career at Ernst & Ernst in San Antonio, TX and joined Pioneer Bank as Vice President & Treasurer in September of 1980. In July 1982, Hitchcock was promoted to Senior Vice President, and in December of 1982, he was elected to the Board of Directors. From January 1988, he served as Executive Vice President, and in 2002, he was promoted to his current position, Chairman, President & CEO. Under Hitchcock’s leadership, Pioneer Bank has grown in assets from $130 million in 1980 to over $800 million today. The institution currently has fourteen banking branches and two mortgage origination offices throughout New Mexico, Texas and Colorado. The banking industry has seen many changes recently, and Hitchcock has been instrumental in keeping up with technology and implementing new and exciting products to help customers with their finances. Because of his vision, Pioneer now offers a large variety of technology- based products as well as an increased online presence. Hitchcock will continue to serve on Pioneer’s Board of Directors as Non-Executive Chairman.