Trinity Capital Corporation and its wholly-owned subsidiaryLos Alamos National Bank will pay $1.5 million to settle accounting fraud charges. An SEC investigation found that Trinity materially misstated its provision for loan losses and its allowance for loan and lease losses in its SEC filings between 2010 and 2012. In 2011, Trinity understated its net loss available to common shareholders by $30.5 million, reporting income of $4.9 million instead of a $25.6 million loss. SEC
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