Enterprise Financial buying New Mexico bank for $213 million

Enterprise Financial Services Corp., the Clayton-based holding company for Enterprise Bank & Trust, has agreed to a $213 million acquisition of Trinity Capital Corporation, the holding company for Los Alamos National Bank, according to a press release.

Trinity, based in Los Alamos, New Mexico, had about $1.3 billion in assets, $714 million in loans and $1.1 billion in deposits as of the end of June, according to the release.

The combined company will have about $7 billion in assets, Enterprise said.

Two Trinity directors, Tony Scavuzzo and James Deutsch, will join the Enterprise Financial board of directors. James Goodwin, chairman of the board for Trinity and Los Alamos, will join the board of of Enterprise Bank.

The transaction is expected to close in early 2019.

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