Four former bank executives of the Los Alamos National Bank have settled with the U.S. Department of the Treasury for their part in attempting to hide bad loans from federal investigators from 2009 to 2012.
Former LANB Chief Executive Officer William C. Enloe, former Senior Vice President and Chief Credit Officer Jill Cook, former Senior Loan Officer and former Collections Department Supervisor Syndi Schlindwein were fined and sentenced by the Department of the Treasury, Officer of the Comptroller of the Currency in December 2016.
Former Senior Loan Officer Mark Pierce also settled with the Securities and Exchange Commission in December.
The former bank officers mentioned in the SEC’s and the OCC’s findings did not admit or deny the allegations against them in the settlements.
In its complaint, the SEC also blames LANB’s parent company Trinity Capital’s former Chief Financial Officer Daniel Bartholomew and vice president of internal audit Karl Hjelvik for not installing proper internal auditing controls and failing “to ensure the bank’s books and records were reasonably accurate.”