Enterprise To Donate Additional 33 Percent To New Mexico Communities

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Enterprise To Donate Additional 33 Percent To New Mexico Communities

Los Alamos Daily Post

Enterprise Bank & Trust recently completed a merger with LANB and announced today the establishment of a new fund, through the Enterprise Bank & Trust Foundation, that will contribute resources directly into New Mexico communities over the next three years.

Los Alamos Market President Liddie Martinez explained that this funding amounts to an additional 33 percent over the funding previously contributed by LANB in the Los Alamos, Santa Fe and Albuquerque communities.

“We already provide substantial funding to many nonprofit organizations in the New Mexico communities we serve,” Martinez said. “LANB’s impressive legacy of community engagement and support is valued tremendously at Enterprise — and there is no better way to honor that legacy.” 

She added that Enterprise’s New Mexico-based management team is working to define the parameters and specific initiatives for these new investments. Details will be shared as commitments are finalized in the Los Alamos, Santa Fe and Albuquerque communities, she said.

Enterprise Financial Services Corp President and CEO Jim Lally told the Los Alamos Daily Post recently that the size of the merged organization provides for the opportunity to better serve businesses, families and not-for-profits in New Mexico.

The transaction was valued at approximately $213 million and on a pro forma consolidated basis, the combined company has approximately $7 billion in assets.

“We are proud to further enhance the already deep-rooted commitment to the community,” Lally said. “The legacy LANB has built in New Mexico is impressive, and we will continue to support that legacy in meaningful and visible ways.”

Lally also told the Los Alamos Daily Post that Enterprise offers associates paid time off to participate in volunteer activities and also matches monetary donations associates personally make to local organizations.

About Enterprise Bank & Trust

Enterprise Financial Services Corp (NASDAQ: EFSC), with approximately $7 billion in assets, is a bank holding company headquartered in Clayton, Mo. Enterprise Bank & Trust operates 34 branch offices in Arizona, Kansas, Missouri and New Mexico. Enterprise Bank & Trust offers a range of business and personal banking services and wealth management services. Enterprise Trust, a division of Enterprise Bank & Trust, provides financial planning, estate planning, investment management and trust services to businesses, individuals, institutions, retirement plans and non-profit organizations. Additional information is available at enterprisebank.com.