POJOAQUE — The vision of a viable and sustainable future for Los Alamos National Bank was the theme at Tuesday’s annual meeting of Trinity Capital Corporation (TCC) stockholders. TCC is the holding company for LANB and this was its second stockholder meeting of the year, the first being in January.
Several hundred stockholders filled the banquet room at Buffalo Thunder. The meeting began with a tribute to longtime TCC Board Chair Jerry Kindsfather who recently passed away.
New Chairman of the Board James E. Goodwin, Jr. addressed the crowd.
“I’m proud to serve as chair and in the four years I have been on the board I have witnessed a remarkable evolution as we have progressed to stability,” he said.
CEO and President John Gulas said the bank would get back to holding its annual stockholder meetings on a regular schedule following Tuesday’s meeting.
When he arrived here in June of 2014, someone told Gulas the bank had been sold, he said, adding that even today he hears that same thing said. Gulas talked about the turnaround story for the bank going back to 2006. “Things don’t get in the state they were in overnight,” he said.
Gulas explained that when he came on board the first thing he did was put together a strong management team.
“This management group is focused for this bank to be a viable and sustainable institution,” Gulas said. “Previously it was a parochial model where the person at the top made all the decisions. But once you get past $1 billion you’ve got to change the model.”
As of March 31, 2017, TCC had total assets of $1.4 billion and $778.7 million in total gross loans, he said, adding that nonperforming assets have declined 70.1 percent from Dec. 31, 2011 to March 31, 2017.
CFO Tom Dolan shared the reasons he recently accepted a position at LANB. Reason number one is an engaged and committed board of directors and shareholders, he said. Second is an engaged and committed management team, saying it is one of the best management teams he has ever seen. He added that he wanted to work for a bank where he could invest right along with the stockholders. He was looking for a company that had challenges and was heading on the right path. And lastly, he wanted to work for a company that matters and LANB matters, he said.
Chief Lending Officer Stan Sluder also spoke to the stockholders gathered at the annual meeting. The Company has undertaken a strategic business review designed to reduce the cost structure of the organization without compromising customer service while mitigating the impact on employees.
LANB is the largest bank headquartered in the state of New Mexico. The Bank celebrated its 54th anniversary June 12, has six offices in three markets, a service-driven culture and is community focused with annual donations to nearly 300 non-profit organizations.
Gulas closed the annual meeting thanking the stockholders for their “extraordinary support”.
“I believe that the largest challenges facing this organization are firmly behind us and I am optimistic about the future,” he said. “What I love about this bank is it is a great bank with great bones … great history … great employees and great customers. This year we want to flush out any of those things causing us any kind of drag into the future. We are looking at what high performing banks look like and what we are going to do to be one.”
New Chairman of the Board James E. Goodwin, Jr. addresses stockholders as TCC/LANB CEO and President John Gulas looks on at left. Photo by Carol A. Clark/ladailypost.com
Honor was paid at the start of Tuesday’s TCC stockholders annual meeting to longtime TCC Chair Jerry Kindsfather who recently passed way. Photo by Carol A. Clark/ladailypost.com
The audience pays tribute to longtime TCC Chair Jerry Kindsfather who recently passed way. Photo by Carol A. Clark/ladailypost.com
LANB CFO Tom Dolan shared the reasons he recently accepted a position at LANB. Photo by Carol A. Clark/ladailypost.com
LANB CFO Tom Dolan discusses the key characteristics of high performing banks. Photo by Carol A. Clark/ladailypost.com
LANB Chief Lending Officer Stan Sluder discusses the importance of maintaining a superior service culture at the bank. Photo by Carol A. Clark/ladailypost.com
Elements of a superior service culture discussed at the stockholders meeting. Photo by Carol A. Clark/ladailypost.com
LANB officials, stockholders and guests. Photo by Carol A. Clark/ladailypost.com
Stockholders at Tuesday’s TCC annual meeting. Photo by Carol A. Clark/ladailypost.com
TCC/LANB CEO and President John Gulas opens the meeting to questions from stockholders. Photo by Carol A. Clark/ladailypost.com
Los Alamos County Assessor and TCC stockholder Ken Milder, left, thanks TCC/LANB CEO and President John Gulas for hosting an annual meeting with ‘meaty information’ Tuesday at Buffalo Thunder. Photo by Carol A. Clark/ladailypost.com