The communities serviced by Los Alamos National Bank (LANB) are in for some exciting news. The bank has just been chosen to receive $35.5 million to increase lending to businesses and consumers and stimulate job growth in the area.
The money arrived this morning.
The U.S. Treasury Department offered Trinity Capitol Corporation (TCC), LANB’s one-bank holding company, the opportunity to participate in its Capital Purchase Program (CPP), established under TARP legislation.
Only fiscally healthy financial institutions are being offered these funds.