Los Alamos National Bank
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Los Alamos National Bank - overview
Established
1963
Location
Los Alamos, NM, US
Primary Industry
Financial Services
About
Los Alamos National Bank is a financial institution providing banking services, including loans, deposit accounts, and wealth management solutions, primarily to communities in New Mexico. Founded in 1963, Los Alamos National Bank operates as a regional bank serving the Los Alamos, Santa Fe, and Albuquerque areas in New Mexico. In November 2018, the bank underwent a significant transition when Enterprise Financial Services Corp acquired it for USD 213 mn, consisting of USD 38 mn in cash and USD 175 mn in shares. This acquisition was aimed at enhancing Enterprise Financial Services Corp's business operations in the region.
The founder's specific history is not detailed, nor does the bank have known subsidiaries. Los Alamos National Bank offers a variety of financial services, including personal and commercial banking, loans, and wealth management solutions. The bank targets individuals and businesses in New Mexico, providing tailored financial products to meet the diverse needs of its clientele. This includes mortgage loans, consumer loans, and commercial banking services designed to support local economic development and personal financial growth.
The bank's revenue model is based on interest income from loans, service fees from deposit accounts, and wealth management services. Its revenue is bolstered by a strong customer base within the local community, which relies on its banking products for both personal and business needs. The acquisition by Enterprise Financial Services Corp is expected to further enhance revenue streams through expanded service offerings and cross-selling opportunities. Los Alamos National Bank plans to enhance its product offerings and expand its market presence in New Mexico following its acquisition by Enterprise Financial Services Corp.
Recent funding from the acquisition will support the integration of new banking technologies and services aimed at improving customer experience. The bank is focused on developing tailored financial solutions for its clients, with a goal to increase its footprint in the Los Alamos, Santa Fe, and Albuquerque regions. This development aligns with Enterprise Financial Services Corp's strategy to optimize its system integration of products and services.
Current Investors
Castle Creek Capital Partners, Strategic Value Partners, Patriot Financial Partners
Primary Industry
Financial Services
Sub Industries
Commercial Banks
Website
www.lanb.com
Verticals
FinTech, FinTech
Total Amount Raised
Subscriber access only
Los Alamos National Bank - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Los Alamos National Bank | - | ||||||||
| Recapitalisation | Completed | Los Alamos National Bank | - |
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