Exhibit 1.1

Up to 2,105,263 Shares

Trinity Capital Corporation

(a New Mexico corporation)

Voting Common Stock

(no par value per share)

FORM OF AGENCY AGREEMENT

September [__], 2017

Boenning & Scattergood, Inc.

4 Tower Bridge

200 Barr Harbor Drive

Suite 300

West Conshohocken, Pennsylvania 19428

Ladies and Gentlemen:

Trinity Capital Corporation, a New Mexico corporation (the “Company”) and the bank holding company for Los Alamos National Bank, a national bank (the “Bank”), hereby confirms their agreement (the “Agreement”) with Boenning & Scattergood, Inc. (“Boenning” or the “Agent”) to assist the Company, on a best-efforts basis, in the proposed Offering (as such term is hereinafter defined) of up to 2,105,263 shares of the Company’s common stock, no par value per share (the “Voting Common Stock”). The shares of Voting Common Stock to be sold in the Registered Offering and the Private Placement (as such terms are hereinafter defined, and together, the “Offering”) are hereinafter called the “Shares.” The Registered Offering shall consist of the Rights Offering, the DSP, and the Supplemental Community Offering (as such terms are hereinafter defined). The Private Placement shall consist of the Shares sold pursuant to the Standby Purchase Agreement (as such term is hereinafter defined).

The Shares are being offered for sale in a rights offering of 1,578,948 Shares, subject to increase up to 2,105,263 Shares to existing shareholders of the Company as of September 22, 2017, whereby shareholders of the Company as of the record date for the Offering will receive one subscription right for every 4.1747 shares of Common Stock owned as of the record date. Each subscription right will entitle existing shareholders to purchase one (1) Share (the “Basic Subscription Privilege”) at $4.75 per Share (the “Subscription Price”). Shareholders who fully exercise their Basic Subscription Privilege may also subscribe for additional Shares in the event that not all available (i) Shares are purchased pursuant to the Basic Subscription Privilege, (ii) Reserved Shares (as hereinafter defined) are purchased in the DSP (collectively the “Oversubscription Privilege” and collectively with the Basic Subscription Privilege, the “Rights Offering”). In addition, the Company is offering, to the extent permitted, up to 526,315 Shares (the “Reserved Shares”) to its directors, officers and employees selected by it (the “DSP Participants”), solely in its discretion, in a directed share program (the “DSP”). The Company has entered into a Standby Purchase Agreement, dated June 22, 2017 (as amended and restated, the “Standby Purchase Agreement”), with Strategic Value Bank Partners LLC, a private investor (the “Standby Investor”), who has agreed, subject to certain limits and other conditions set forth in the Standby Purchase Agreement, to purchase up to 281,987 Shares to the extent that shares remain available after filling subscriptions in the Rights Offering or purchases in the DSP. Any Shares available after satisfying subscriptions in the Rights Offering, purchases in the DSP and sold pursuant to the Standby Purchase Agreement, will be offered in a supplemental community offering to members of the general public selected by the Company in its sole discretion (the “Supplemental Community Offering).

The Company and the Bank hereby confirm their agreement with the Agent concerning the sale of the Shares, as follows:

1. Registration Statement. The Company has filed with the Securities and Exchange Commission (the “Commission”) a registration statement on Form S-1 (File No. 333-218952), including the related preliminary prospectus covering the registration of the Shares (other than the Shares to be issued to the Standby Investor) under the Securities Act of 1933, as amended (the “Securities Act”), which registration statement has been declared effective by the Commission in such form under the Securities Act. After execution and delivery of this Agreement, the Company will file a prospectus in accordance with the provisions of Rule 430A (“Rule 430A”) of the rules and regulations of the Commission under the Securities Act and paragraph (b) of Rule 424 (“Rule 424(b)”) under the Securities Act. The information included in such prospectus that was omitted from such registration statement at the time it became effective but that is deemed to be part of such registration statement at the time it became effective pursuant to paragraph (b) of Rule 430A is referred to as “Rule 430A Information.” Each prospectus used before such registration statement became effective, and any prospectus that omitted the Rule 430A Information that was used after such effectiveness and prior to the execution and delivery of this Agreement, is herein called a “preliminary prospectus.” Such registration statement, including the amendments thereto, the exhibits and any schedules thereto, if any, at the time it became effective and including the Rule 430A Information is herein called the “Registration Statement.”

Any registration statement filed pursuant to Rule 462(b) under the Securities Act is herein referred to as the “Rule 462(b) Registration Statement,” and after such filing the term “Registration Statement” shall include the Rule 462(b) Registration Statement. The final prospectus, including the documents incorporated by reference, in the form first furnished to the Agent for use in connection with the Offering and filed with the Commission pursuant to Rule 424(b) is herein called the “Prospectus.” For purposes of this Agreement, all references to the Registration Statement, any preliminary prospectus, the Prospectus or any amendment or supplement to any of the foregoing shall be deemed to include the copy filed with the Commission pursuant to its Electronic Data Gathering, Analysis and Retrieval System (“EDGAR”).

The term “General Disclosure Package” shall mean the following documents, all considered together: (i) the preliminary prospectus, if any, used most recently prior to the date and time as of which the Registration Statement was declared effective by the Commission, (ii) any Issuer Free Writing Prospectus (as defined below) identified in Annex A hereto, and (iii) any other “free writing prospectus” (as defined pursuant to Rule 405 under the Securities Act) that the parties hereto shall hereafter expressly agree in writing to treat as part of the General Disclosure Package. “Applicable Time” means each and every day when a potential purchaser submitted a subscription or otherwise committed to purchase Shares.

2. Appointment of the Agent; Terms. The Company hereby appoints the Agent as its sole and exclusive financial advisor and marketing agent to assist the Company in the Offering under the terms and conditions set forth herein. The Agent hereby accepts such appointment and agrees to use its best efforts to assist the Company with subscriptions for the Shares on terms and conditions set forth herein.

(a) Subject to the conditions herein set forth, the Company agrees to issue and sell up to 2,105,263 Shares in the Offering. All Shares to be offered and sold in the Offering shall be issued and sold by the Company, and the Agent agrees to use its best efforts to assist the Company in the sale of the Shares, at the Subscription Price. In consideration for the Agent’s efforts under this Section 2, the Company agrees to pay the Agent a contingent marketing fee equal to the sum of (i) 2.00% of the aggregate gross dollar amount of Shares subscribed for by (A) the Company’s existing shareholders pursuant to their Basic Subscription Privileges, subject to subclauses (i)(B) and (ii), and (B) the Company’s directors, executive officers and other non-executive employees pursuant to the DSP and immediate family members of the Company’s executive officers and directors, as well as friends of such officers and directors who are shareholders and other non-executive employees pursuant to Basic Subscription Privileges or Oversubscription Privileges, up to an aggregate gross dollar amount of $3,500,000; (ii) 3.00% of the aggregate gross dollar amount of Shares subscribed for by prior owners of the Company’s preferred securities pursuant to their Basic Subscription Privileges or Oversubscription Privileges; (iii) 6.00% of the aggregate gross dollar amount of Shares subscribed for (x) in excess of $3,500,000 by persons in subclauses (i) and (ii) above through the exercise of any Oversubscription Privileges in the Offering, (y) pursuant to the Standby Purchase Agreement or (z) in the Supplemental Community Offering. This is strictly a “best efforts” offering and there is no minimum contingency of a specific number of Shares which must be sold prior to proceeding with a closing and the Agent is not required to purchase any Shares that are not sold to shareholders, to DSP Participants, the Standby Investor or the public in the Supplemental Community Offering. The Company will not sell or agree to sell any of the Shares otherwise than with the assistance of the Agent until after the Closing Date (as defined below), subject to Section 4(h) of this Agreement. In the event the Company or any of its executive officers or directors is contacted directly or indirectly by prospective purchasers of the Shares, the Company will promptly forward the names of such prospective purchasers to the Agent.

(b) The release of the Shares against payment therefor (the “Closing”) shall be made on a date and at a place mutually acceptable to the Company and the Agent. The Shares shall be delivered directly to the purchasers in certificated or uncertificated form (book-entry) in accordance with the instructions of the Company and Continental Stock Transfer & Trust Company, Inc. (the “Subscription Agent”). The date upon which the Company shall release or deliver the Shares sold in the Offering, in accordance with the terms herein, is called the “Closing Date.” No Closing shall take place until and unless all the conditions to the Agent’s obligations set forth in Section 6 of this Agreement are either satisfied or waived by Agent. In the event the Offering is terminated for any reason before a Closing takes place, all funds advanced by the prospective purchasers in the Offering will be promptly returned without interest or deduction.

(c) The Agent has not provided any legal, tax, investment, accounting or regulatory advice with respect to the Offering, and the Company has consulted with its own advisors concerning such matters to the extent it deemed appropriate. Any review by the Agent of the Company, the transactions contemplated hereby or other matters relating to such transactions will be performed solely for the benefit of the Agent and shall not be on behalf of the Company. The Agent is acting solely as agent in connection with the Offering and in connection with each transaction contemplated by this Agreement and the process leading to such transactions, and no fiduciary or advisory relationship between the Company or any of its respective affiliates, shareholders (or other equity holders), creditors or employees or any other party, on the one hand, and the Agent, on the other hand, has been or will be created in respect of any of the transactions contemplated by this Agreement, irrespective of whether or not the Agent has advised or is advising the Company on other matters, and the Agent has no obligation to the Company with respect to the transactions contemplated by this Agreement except the obligations expressly set forth in this Agreement.

3. Representations and Warranties of the Company. The Company hereby represents and warrants to the Agent that:

(a) Preliminary Prospectus. No order preventing or suspending the use of any preliminary prospectus has been issued by the Commission, and any preliminary prospectus included in the General Disclosure Package, at the time of filing thereof, complied in all material respects with the Securities Act, and no preliminary prospectus, at the time of filing thereof, contained any untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading; provided that the Company makes no representation or warranty with respect to any statements or omissions made in reliance upon and in conformity with the Agent Information (as such term is defined in Section 7(a)).

(b) General Disclosure Package. The General Disclosure Package as of the Applicable Time did not, and as of the Closing Date will not, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading; provided that the Company makes no representation or warranty with respect to any statements or omissions made in reliance upon and in conformity with the Agent Information (as such term is defined in Section 7(a)).

(c) Issuer Free Writing Prospectus. Other than the Registration Statement, the preliminary prospectus, and the Prospectus, the Company (including its agents and representatives, other than the Agent, each in its capacity as such) has not prepared, used, authorized, approved or referred to and will not prepare, use, authorize, approve or refer to any “written communication” (as defined in Rule 405 under the Securities Act) that constitutes an offer to sell or solicitation of an offer to buy the Shares (each such communication by the Company or its agents (other than a communication referred to in clause (i) below) an “Issuer Free Writing Prospectus”) other than (i) any document not constituting a prospectus pursuant to Section 2(a)(10)(a) of the Securities Act or Rule 134 under the Securities Act, (ii) the documents listed on Annex A hereto, or (iii) each bona fide electronic road show (as defined in Rule 433 under the Securities Act) and (iv) any other written communications approved in writing in advance by the Agent. Each such Issuer Free Writing Prospectus complied in all material respects with the Securities Act, has been or will be (within the time period specified in Rule 433) filed in accordance with the Securities Act (to the extent required thereby) and, when taken together with the General Disclosure Package, at the Applicable Time did not, and as of the date of their filing, and as of the Closing Date, will not, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading; provided that the Company makes no representation or warranty with respect to any statements or omissions made in reliance upon and in conformity with the Agent Information (as such term is defined in Section 7(a)).

(d) Registration Statement and Prospectus. The Registration Statement has been declared effective by the Commission under the Securities Act. No order suspending the effectiveness of the Registration Statement has been issued by the Commission, and no proceeding for that purpose or pursuant to Section 8A of the Securities Act against the Company or related to the Offering has been initiated or, to the knowledge of the Company, threatened by the Commission; as of the applicable effective date of the Registration Statement and any post-effective amendment thereto, the Registration Statement and any such post-effective amendment complied and will comply in all material respects with the Securities Act, and did not and will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein not misleading; and as of the date of the Prospectus and any amendment or supplement thereto, at the Applicable Time and as of the Closing Date, the Prospectus, including the documents incorporated therein, will not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading; provided that the Company makes no representation or warranty with respect to any statements or omissions made in reliance upon and in conformity with the Agent Information (as such term is defined in Section 7(a)).

(e) Incorporated Documents. The documents incorporated by reference in the Registration Statement, the Prospectus and the General Disclosure Package, when they were filed with the Commission conformed in all material respects to the requirements of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and none of such documents, as of the date they were filed with the Commission, as of the date hereof, at the Applicable Time and as of the Closing Date contained any untrue statement of a material fact or omitted to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; any further documents so filed and incorporated by reference in the Registration Statement, the Prospectus and the General Disclosure Package or any further amendment or supplement thereto, when such documents are filed with the Commission will conform in all material respects to the requirements of the Exchange Act and when filed, at the Applicable Time and as of the Closing Date will not contain an untrue statement of material fact or omit to state a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.

(f) Financial Statements. The financial statements (including the related notes thereto) of the Company and its consolidated subsidiaries included and/or incorporated by reference in the Registration Statement, the General Disclosure Package and the Prospectus comply in all material respects with the applicable requirements of the Securities Act and the Exchange Act, as applicable, and fairly present in all material respects the financial position of the Company and its consolidated subsidiaries as of the dates indicated and the results of their operations and the changes in their cash flows for the periods specified; such financial statements have been prepared in conformity with generally accepted accounting principles in the United States (“GAAP”) applied on a consistent basis throughout the periods covered thereby. To the extent applicable, all disclosures contained in the Registration Statement, the General Disclosure Package or the Prospectus regarding “non-GAAP financial measures” (as such term is defined by the rules and regulations of the Commission) comply with Regulation G of the Exchange Act and Item 10 of Regulation S-K under the Securities Act, as applicable.

(g) No Material Adverse Change. Since the date of the most recent audited financial statements of the Company included or incorporated by reference in the Registration Statement, the General Disclosure Package and the Prospectus, except as disclosed in the Registration Statement, the General Disclosure Package and the Prospectus, (i) there has not been any change in the capital stock (other than the issuance of shares of Common Stock upon exercise of stock options and warrants described as outstanding in, the vesting of restricted stock units described as outstanding in and the grant of options and awards under existing equity incentive plans described in, the Registration Statement, the General Disclosure Package and the Prospectus), material change in short-term debt or long-term debt of the Company or any of its subsidiaries, or any dividend or distribution of any kind declared, set aside for payment, paid or made by the Company on any class of capital stock, or any material adverse change, or any development involving a prospective material adverse change, in or affecting the business, properties, management, prospects, financial position, stockholders’ equity or results of operations of the Company and its subsidiaries taken as a whole; (ii) neither the Company nor any of its subsidiaries has entered into any transaction or agreement (whether or not in the ordinary course of business) that is material to the Company and its subsidiaries taken as a whole or incurred any liability or obligation, direct or contingent, that is material to the Company and its subsidiaries taken as a whole; and (iii) neither the Company nor any of its subsidiaries has sustained any loss or interference with its business that is material to the Company and its subsidiaries taken as a whole and that is either from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any labor disturbance or dispute or any action, order or decree of any court or arbitrator or governmental or regulatory authority.

(h) Organization and Good Standing. The Company and each of its subsidiaries have been duly organized and are validly existing and in good standing under the laws of their respective jurisdictions of organization, and, in the case of the Bank, is validly chartered as a national bank. The Company and each of its subsidiaries are duly qualified to do business and are in good standing in each jurisdiction in which their respective ownership or lease of property or the conduct of their respective businesses requires such qualification, and have all power and authority necessary to own or hold their respective properties and to conduct the businesses in which they are engaged, except where the failure to be so qualified or in good standing or have such power or authority would not, individually or in the aggregate, have a material adverse effect on the business, properties, management, financial position, stockholders’ equity, results of operations or prospects of the Company and its subsidiaries taken as a whole or on the performance by the Company of its obligations under this Agreement (a “Material Adverse Effect”). The Company is duly registered as a bank holding company under the Bank Holding Company Act of 1956, as amended (the “BHC Act”). The Company does not own or control, directly or indirectly, any corporation, association or other entity other than the Bank, TCC Advisors Corporation, LANB Investment Advisors, LLC, Trinity Capital Trust I, Trinity Capital Trust III, Trinity Capital Trust IV, Trinity Capital Trust V, Title Guaranty & Insurance Company, Triscensions ABQ, LLC, FNM Investment Fund IV, LLC and Cottonwood Technology Group, LLC.

(i) Capitalization. The Company has an authorized capitalization as set forth in the Registration Statement, the General Disclosure Package and the Prospectus under the heading “Capitalization;” all the outstanding shares of capital stock of the Company have been duly authorized and validly issued and are fully paid and non-assessable and are not subject to any pre-emptive or similar rights, except for such rights as may have been fully satisfied or waived; except for options, restricted stock, restricted stock units and similar securities issued under the Company’s existing equity compensation plans or as described in or expressly contemplated by the General Disclosure Package and the Prospectus, there are no outstanding rights (including, without limitation, pre-emptive rights), warrants or options to acquire, or instruments convertible into or exchangeable for, any shares of capital stock or other equity interest in the Company or any of its subsidiaries, or any contract, commitment, agreement, understanding or arrangement of any kind relating to the issuance of any capital stock of the Company or any such subsidiary, any such convertible or exchangeable securities or any such rights, warrants or options; the capital stock of the Company conforms in all material respects to the description thereof contained in the Registration Statement, the General Disclosure Package and the Prospectus; and all the outstanding shares of capital stock or other equity interests of each subsidiary owned, directly or indirectly, by the Company are owned, free and clear of any lien, charge, encumbrance, security interest, restriction on voting or transfer or any other claim of any third party.

(j) Due Authorization. The Company has full right, power and authority to execute and deliver this Agreement and the Standby Purchase Agreement and to perform its obligations hereunder and thereunder; and all action required to be taken for the due and proper authorization, execution and delivery by it of this Agreement and the Standby Purchase Agreement and the consummation by it of the transactions contemplated hereby and thereby have been duly and validly taken.

(k) Agency Agreement. This Agreement has been duly executed by the Company.

(l) The Shares. The Shares to be issued and sold by the Company hereunder and pursuant to the Standby Purchase Agreement have been duly authorized and, when issued and delivered and paid for as provided herein and therein, will be duly and validly issued, will be fully paid and nonassessable and will conform to the descriptions thereof in the Registration Statement, the General Disclosure Package and the Prospectus; and the issuance of the Shares is not subject to any pre-emptive or similar rights.

(m) No Violation or Default. Neither the Company nor any of its subsidiaries is (i) in violation of its articles of incorporation, charter, articles of association or bylaws or similar organizational documents; (ii) in default, and no event has occurred that, with notice or lapse of time or both, would constitute such a default, in the due performance or observance of any term, covenant or condition contained in any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which the Company or any of its subsidiaries is a party or by which the Company or any of its subsidiaries is bound or to which any of the property or assets of the Company or any of its subsidiaries is subject; or (iii) in violation of any law or statute or any judgment, order, rule or regulation of any court or arbitrator or governmental or regulatory authority, except, in the case of clauses (ii) and (iii) above, for any such default or violation that would not, individually or in the aggregate, have a Material Adverse Effect.

(n) No Conflicts. The execution, delivery and performance by the Company of this Agreement and Standby Purchase Agreement, the issuance and sale of the Shares and the consummation of the transactions contemplated by this Agreement and the Standby Purchase Agreement will not (i) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, or result in the creation or imposition of any lien, charge or encumbrance upon any property or assets of the Company or any of its subsidiaries pursuant to, any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which the Company or any of its subsidiaries is a party or by which the Company or any of its subsidiaries is bound or to which any of the property or assets of the Company or any of its subsidiaries is subject, (ii) result in any violation of the provisions of the articles of incorporation, charter or bylaws or similar organizational documents of the Company or any of its subsidiaries or (iii) result in the violation of any law or statute or any judgment, order, rule or regulation of any court or arbitrator or governmental or regulatory authority, except, in the case of clauses (i) and (iii) above, for any such conflict, breach, violation or default that would not, individually or in the aggregate, have a Material Adverse Effect.

(o) No Consents Required. No material consent, approval, authorization, order, license, registration or qualification of or with any court or arbitrator or governmental or regulatory authority is required for the execution, delivery and performance by the Company of this Agreement, the Standby Purchase Agreement, the issuance and sale of the Shares, including the issuance pursuant to the Standby Purchase Agreement, and the consummation of the transactions contemplated by this Agreement and the Standby Purchase Agreement, except as already obtained or for the registration of the Shares under the Securities Act and such consents, approvals, authorizations, orders and registrations or qualifications as may be required by the Financial Industry Regulatory Authority (“FINRA”), the OTC Markets Group, Inc. (“OTC”) and under applicable state securities laws in connection with the Offering.

(p) Legal Proceedings. Except as described in the Registration Statement (including by incorporation), the General Disclosure Package and the Prospectus, there are no legal, governmental or regulatory investigations, actions, suits or proceedings pending to which the Company or any of its subsidiaries is or may be a party or to which any property of the Company or any of its subsidiaries is or may be the subject that, individually or in the aggregate, if determined adversely to the Company or any of its subsidiaries, could reasonably be expected to have a Material Adverse Effect; to the knowledge of the Company and the Bank, no such investigations, actions, suits or proceedings are threatened or contemplated by any governmental or regulatory authority or threatened by others; and (i) there are no current or pending legal, governmental or regulatory actions, suits or proceedings that are required under the Securities Act to be described in the Registration Statement, the General Disclosure Package or the Prospectus that are not so described in the Registration Statement, the General Disclosure Package and the Prospectus and (ii) there are no contracts or other documents that are required under the Securities Act to be filed as exhibits to the Registration Statement or described in the Registration Statement, the General Disclosure Package or the Prospectus that are not so filed as exhibits to the Registration Statement or described in the Registration Statement, the General Disclosure Package or the Prospectus.

(q) Independent Accountants. Crowe Horwath LLP, who has certified certain financial statements and supporting schedules of the Company and its subsidiaries contained in or incorporated into the Registration Statement, the Prospectus and the General Disclosure Package, is an independent registered public accounting firm with respect to the Company and its subsidiaries within the applicable rules and regulations adopted by the Commission and the Public Company Accounting Oversight Board (United States) and as required by the Securities Act.

(r) Title to Real and Personal Property. The Company and its subsidiaries have good and marketable title in fee simple (in the case of real property) to, or have valid and marketable rights to lease or otherwise use, all items of real and personal property and assets that are material to the business of the Company and its subsidiaries taken as a whole, in each case free and clear of all liens, encumbrances, claims and defects and imperfections of title except those that (i) do not materially interfere with the use made and proposed to be made of such property by the Company and its subsidiaries or (ii) could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

(s) Title to Intellectual Property. The Company and its subsidiaries own or possess adequate rights to use all material patents, patent applications, trademarks, service marks, trade names, trademark registrations, service mark registrations, copyrights, licenses and know-how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures) necessary for the conduct of their respective businesses as currently conducted, except where the failure to own, possess, license or have such rights would not have or reasonably be expected to have a Material Adverse Effect. To the Company’s knowledge, the conduct of its and its subsidiaries’ businesses do not conflict in any material respect with any such rights of others. The Company and its subsidiaries have not received any notice of any claim of infringement, misappropriation or conflict with any such rights of others in connection with its patents, patent rights, licenses, inventions, trademarks, service marks, trade names, copyrights and know-how, which could reasonably be expected to result in a Material Adverse Effect.

(t) No Undisclosed Relationships. To the Company’s knowledge, no relationship, direct or indirect, exists between or among the Company or any of its subsidiaries, on the one hand, and the directors, officers, stockholders, customers or suppliers of the Company or any of its subsidiaries, on the other, that is required by the Securities Act to be described in the Registration Statement, the Prospectus and the General Disclosure Package and that is not so described in such documents.

(u) Investment Company Act. Neither the Company nor the Bank is and, after giving effect to the offering and sale of the Shares and the application of the proceeds thereof as described in the Registration Statement, the General Disclosure Package and the Prospectus, will be required to register as an “investment company” within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations of the Commission thereunder (collectively, the “Investment Company Act”).

(v) Taxes. The Company and its subsidiaries have paid all federal, state, local and foreign taxes and filed all tax returns required to be paid or filed through the date hereof except where the failure to so pay or file any such tax would not have or reasonably be expected to have a Material Adverse Effect; and except as otherwise disclosed in the Registration Statement, the General Disclosure Package and the Prospectus, the Company does not have knowledge of any material tax deficiency that has been, or could reasonably be expected to be, asserted against the Company or any of its subsidiaries or any of their respective properties or assets, except for tax deficiencies that would not, individually or in the aggregate have a Material Adverse Effect. All material tax liabilities have been adequately provided for in the financial statements of the Company in accordance with GAAP. There are no transfer taxes or other similar fees or charges under Federal law or the laws of any state, or any political subdivision thereof, required to be paid in connection with the execution and delivery of this Agreement by the Company or with the issuance, sale or contribution by the Company of the Shares.

(w) Licenses and Permits. The Company and its subsidiaries possess all licenses, certificates, permits and other authorizations issued by, and have made all declarations and filings with, the appropriate federal, state, local or foreign governmental or regulatory authorities that are necessary for the ownership or lease of their respective properties or the conduct of their respective businesses as described in the Registration Statement, the General Disclosure Package and the Prospectus, except where the failure to possess or make the same would not, individually or in the aggregate, have a Material Adverse Effect; and except as described in the Registration Statement, the General Disclosure Package and the Prospectus, neither the Company nor any of its subsidiaries has received notice of any revocation, suspension or modification of any such license, certificate, permit or authorization or has any reason to believe that any such license, certificate, permit or authorization will not be renewed in the ordinary course, except as would not have a Material Adverse Effect.

(x) No Labor Disputes. No labor disturbance by or dispute with employees of the Company or any of its subsidiaries exists or, to the knowledge of the Company, is contemplated or threatened, except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

(y) Compliance with and Liability under Environmental Laws. (i) The Company and its subsidiaries (a) are, and at all prior times were, in compliance with any and all applicable federal, state, local and foreign laws, rules, regulations, requirements, decisions, judgments, decrees, orders and the common law relating to pollution or the protection of the environment, natural resources or human health or safety, including those relating to the generation, storage, treatment, use, handling, transportation, release or threat of release of hazardous materials (collectively, “Environmental Laws”), (b) have received and are in compliance with all permits, licenses, certificates or other authorizations or approvals required of them under applicable Environmental Laws to conduct their respective businesses, (c) have not received notice of any actual or potential liability under or relating to, or actual or potential violation of, any Environmental Laws, including for the investigation or remediation of any release or threat of release of hazardous materials, and have no knowledge of any event or condition that would reasonably be expected to result in any such notice, (d) are not conducting or paying for, in whole or in part, any investigation, remediation or other corrective action pursuant to any Environmental Law at any location, and (e) are not a party to any order, decree or agreement that imposes any obligation or liability under any Environmental Law; and (ii) there are no costs or liabilities associated with Environmental Laws of or relating to the Company or its subsidiaries, except, in the case of each of (i) and (ii) above, for any such matter as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

(z) Compliance with ERISA. The Company and the Bank are in compliance in all material respects with all presently applicable provisions of the Employee Retirement Income Security Act of 1974, as amended, including the regulations and published interpretations thereunder (herein called “ERISA”); no “reportable event” (as defined in ERISA) has occurred with respect to any “pension plan” (as defined in ERISA) for which the Company or the Bank would have any liability that would reasonably be expected to have a Material Adverse Effect; no prohibited transaction under Section 406 of ERISA, for which an exemption does not apply, has occurred with respect to any pension plan of the Company or the Bank except to the extent such prohibited transaction would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; and the Company’s or the Bank’s employee benefit plans that are group health plans have been operated in compliance with the group health plan continuation coverage requirements of Section 4980B of the Code; neither the Company nor the Bank has incurred, do not expect to incur, liability under (i) Title IV of ERISA with respect termination of, or withdrawal from, any “pension plan,” or (ii) Sections 412 or 4971 of the Code that would reasonably be expected to have a Material Adverse Effect; and each pension plan for which the Company or the Bank would have liability that is intended to be qualified under Section 401(a) of the Code is so qualified in all material respects and nothing has occurred, to the Company’s knowledge, whether by action or by failure to act, which would cause the loss of such qualification.

(aa) Disclosure Controls. Except as described in the Registration Statement (including by incorporation), the General Disclosure Package and the Prospectus, the Company maintains an effective system of “disclosure controls and procedures” (as defined in Rule 13a-15(e) of the Exchange Act) that complies with the requirements of the Exchange Act and that has been designed to ensure that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Commission’s rules and forms, including controls and procedures designed to ensure that such information is accumulated and communicated to the Company’s management as appropriate to allow timely decisions regarding required disclosure. The Company has carried out evaluations of the effectiveness of its disclosure controls and procedures as required by Rule 13a-15 of the Exchange Act.

(bb) Accounting Controls. Except as described in the Registration Statement (including by incorporation), the General Disclosure Package and the Prospectus, the Company maintains a system of “internal control over financial reporting” (as defined in Rule 13a-15(f) of the Exchange Act) that complies with the requirements of the Exchange Act and has been designed by, or under the supervision of, the Company’s principal executive and principal financial officers, or persons performing similar functions, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP, including, but not limited to, internal accounting controls sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management’s general or specific authorizations; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. Except as disclosed in the Registration Statement (including by incorporation), the General Disclosure Package and the Prospectus, there are no material weaknesses in the Company’s internal controls. The Company’s auditors and the Audit Committee of the Board of Directors of the Company have been advised of (i) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which have adversely affected or are reasonably likely to adversely affect the Company’s ability to record, process, summarize and report financial information; and (ii) any fraud, whether or not material, that involves management or other employees who have a significant role in the Company’s internal control over financial reporting.

(cc) Insurance. The Company and its subsidiaries have insurance covering their respective properties, operations, personnel and businesses, including business interruption insurance, which insurance is in amounts and insures against such losses and risks as are adequate, in the reasonable belief of the Company, to protect the Company and its subsidiaries and their respective businesses; and neither the Company nor any of its subsidiaries has (i) received notice from any insurer or agent of such insurer that capital improvements or other material expenditures are required or necessary to be made in order to continue such insurance or (ii) any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage at a cost from similar insurers as may be necessary to continue its business and that would not have a Material Adverse Effect.

(dd) No Unlawful Payments. Neither the Company nor any of its subsidiaries nor, to the knowledge of the Company, any director, officer or employee of the Company nor any agent, affiliate, or other person acting on behalf of the Company or any of its subsidiaries has, in the course of its actions for, or on behalf of, the Company (i) used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity; (ii) made or taken any act in furtherance of an offer of any direct or indirect unlawful payment to any foreign or domestic government official or employee from corporate funds; (iii) violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977 or any applicable law or regulation implementing the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, or committed an offence under the Bribery Act 2010 of the United Kingdom or any other applicable anti-bribery or anti-corruption law; or (iv) made any unlawful bribe, rebate, payoff, influence payment, kickback or other unlawful payment to any foreign or domestic government official or employee.

(ee) Compliance with Money Laundering Laws. The operations of the Company and its subsidiaries are and have been conducted at all times in compliance in all material respects with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively, the “Money Laundering Laws”) and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or any of its subsidiaries with respect to the Money Laundering Laws is pending or, to the knowledge of the Company and the Bank, threatened.

(ff) Compliance with OFAC. None of the Company, any of its subsidiaries or, to the knowledge of the Company, any director, officer, agent, employee or affiliate of the Company or any of its subsidiaries is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”); and the Company will not knowingly, directly or indirectly, use the proceeds of the Offering hereunder, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC or other relevant sanction law.

(gg) Compliance with Certain Banking Regulations. To the knowledge of the Company and except as described in the Registration Statement (including documents incorporated by reference), the General Disclosure Package and the Prospectus, there are no facts or circumstances, and the Company has no reason to believe that any facts or circumstances exist, that would cause the Bank (i) to be deemed not to be in satisfactory compliance with the Community Reinvestment Act (“CRA”) and the regulations promulgated thereunder or to be assigned a CRA rating by federal or state banking regulators of lower than “satisfactory,” (ii) to be deemed to be operating in violation, in any material respect, of the Bank Secrecy Act, the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001, any order issued with respect to anti-money laundering by OFAC, or any other anti-money laundering statute, rule, or regulation, (iii) to be deemed not to be in satisfactory compliance, in any material respect, with the Home Mortgage Disclosure Act, the Fair Housing Act, the Community Reinvestment Act, the Equal Credit Opportunity Act, or (iv) to be deemed not to be in satisfactory compliance, in any material respect, with all applicable privacy of customer information requirements contained in any applicable federal and state privacy laws and regulations as well as the provisions of all information security programs adopted by the Bank.

(hh) No Restrictions on Subsidiaries. Except as otherwise disclosed in the Registration Statement, the General Disclosure Package and the Prospectus, no subsidiary of the Company is currently prohibited, directly or indirectly, under any agreement or other instrument to which it is a party or is subject, from paying any dividends to the Company, from making any other distribution on such subsidiary’s capital stock, from repaying to the Company any loans or advances to such subsidiary from the Company or from transferring any of such subsidiary’s properties or assets to the Company or any other subsidiary of the Company.

(ii) No Broker’s Fees. Neither the Company nor any of its subsidiaries is a party to any contract, agreement or understanding with any person (other than this Agreement) that would give rise to a valid claim against the Company or any of its subsidiaries or the Agent for a brokerage commission, finder’s fee or like payment in connection with the Offering.

(jj) No Registration Rights. Except as disclosed in the Registration Statement, the General Disclosure Package and the Prospectus, no person has the right to require the Company or any of its subsidiaries to register any securities for sale under the Securities Act by reason of the filing of the Registration Statement with the Commission or the issuance and sale of the Shares.

(kk) No Stabilization. The Company has not taken, directly or indirectly, any action designed to or that could reasonably be expected to cause or result in any stabilization or manipulation of the price of its Common Stock.

(ll) Forward-Looking Statements. No forward-looking statement (within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act) contained in the Registration Statement, the General Disclosure Package or the Prospectus has been made or reaffirmed without a reasonable basis or has been disclosed other than in good faith.

(mm) Statistical and Market Data. Nothing has come to the attention of the Company that has caused the Company to believe that any statistical and market-related data included in the Registration Statement, the General Disclosure Package and the Prospectus is not based on or derived from sources that are reliable and accurate in all material respects.

(nn) Sarbanes-Oxley Act. Except as described in the Registration Statement (including documents incorporated by reference), the General Disclosure Package and the Prospectus, the Company is in compliance with the applicable provisions of the Sarbanes-Oxley Act of 2002 and the rules and regulations of the Commission thereunder.

(oo) Status under the Securities Act. At the time of filing the Registration Statement and any post-effective amendment thereto, at the earliest time thereafter that the Company or any Offering participant made a bona fide offer (within the meaning of Rule 164(h)(2) under the Securities Act) of the Shares and at the date hereof, the Company was not and is not an “ineligible issuer,” as defined in Rule 405 under the Securities Act. The Company has paid the registration fee for this Offering pursuant to Rule 456(a) under the Securities Act or will pay such fee within the time period required by such rule (without giving effect to the proviso therein) and in any event prior to the Closing Date.

(pp) Bank Regulatory Authorities. Except as set forth in the Registration Statement, the General Disclosure Package or the Prospectus and except as previously disclosed to the Agent, each of the Company and its subsidiaries are in compliance with all applicable laws administered by, and all rules and regulations of, the Board of Governors of the Federal Reserve System (the “Federal Reserve Board”), the Office of the Comptroller of the Currency (the “OCC”), the Federal Deposit Insurance Corporation (the “FDIC”), and any other federal or state bank regulatory authorities with jurisdiction over the Company or its subsidiaries (collectively, the “Bank Regulatory Authorities”), except where such noncompliance would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The deposit accounts of the Bank are insured up to applicable limits by the FDIC and no proceedings for the termination or revocation of such insurance are pending or, to the knowledge of the Company, threatened. The Bank is a member in good standing of the Federal Home Loan Bank of Dallas. Except as set forth in the Registration Statement, the General Disclosure Package or the Prospectus, neither the Company nor any of its subsidiaries is subject or is a party to, or has received any notice or advice that any of them may become subject or a party to, any written agreement, cease and desist order, memorandum of understanding or other regulatory enforcement action, proceeding or order with, or a party to any commitment letter or similar undertaking to, or is a recipient of any extraordinary supervisory letter from, or has adopted any board resolutions (other than board resolutions required by law or regulation and applicable to the banking industry as a whole) at the request of, any Bank Regulatory Authority that currently restricts in any material respects the conduct of its business or that in any material manner relates to its capital adequacy, its liquidity and funding policies and practices, its ability to pay dividends, its credit risk management or compliance policies, internal controls or its management, and to the knowledge of the Company, neither the Company nor the Bank has been advised in writing by any Bank Regulatory Authority that it intends to issue or request any such extraordinary supervisory letter.

(qq) Application of Takeover Protections; Rights Agreements. The Company has not adopted any stockholder rights plan or similar arrangement relating to accumulations of beneficial ownership of Common Stock or a change in control of the Company. The Company and its board of directors have taken all necessary action, if any, in order to render inapplicable, with respect to the Offering, any control share acquisition, business combination, poison pill (including any distribution under a rights agreement) or other similar anti-takeover provision under the Company’s articles of incorporation, bylaws or other organizational documents or the laws of the State of New Mexico or otherwise which is or could become applicable solely as a result of the transactions contemplated by this Agreement, including, without limitation, the Offering and the Standby Purchase Agreement.

(rr) Off Balance Sheet Arrangements. There is no transaction, arrangement or other relationship between the Company (or any subsidiary of the Company) and an unconsolidated or other off balance sheet entity that is required to be disclosed by the Company in its Exchange Act reports and is not so disclosed.

(ss) Risk Management Instruments. Except as has not had or would not reasonably be expected to have a Material Adverse Effect, since January 1, 2015, all material derivative instruments, including, swaps, caps, floors and option agreements, whether entered into for the Company’s own account, or for the account of one or more of the Company’s subsidiaries, were entered into (1) only in the ordinary course of business, (2) in accordance with prudent practices and in all material respects with all applicable laws, rules, regulations and regulatory policies and (3) with counterparties believed to be financially responsible at the time; and each of them constitutes the valid and legally binding obligation of the Company or one of the Company’s subsidiaries, enforceable in accordance with its terms. Neither the Company nor the Company’s subsidiaries, nor, to the knowledge of the Company, any other party thereto, is in breach of any of its material obligations under any such agreement or arrangement.

(tt) Nonperforming Assets. To the knowledge of the Company, except as disclosed in the Company’s Exchange Act reports, the Company believes that the amount of reserves and allowances for loan and lease losses and other nonperforming assets established on the Company’s and Bank’s financial statements is adequate and such belief is reasonable under all the facts and circumstances known to the Company.

(uu) Change in Control. The Offering as contemplated by this Agreement, including the transactions provided for by the Standby Purchase Agreement, will not trigger any rights under any “change of control” provision in any of the agreements to which the Company or any of its subsidiaries is a party, including any employment, “change in control,” severance or other compensatory agreements and any benefit plan, which results in payments to the counterparty or the acceleration of vesting of benefits.

(vv) Common Control. The Company is not and, after giving effect to the Offering, will not be under the control (as defined in the BHC Act and the Federal Reserve Board’s Regulation Y (12 CFR Part 225) (“BHC Act Control”) of any company (as defined in the BHC Act and the Federal Reserve Board’s Regulation Y). The Company is not in BHC Act Control of any federally insured depository institution other than the Bank. The Bank is not under the BHC Act Control of any company (as defined in the BHC Act and the Federal Reserve Board’s Regulation Y) other than the Company. Neither the Company nor the Bank controls, in the aggregate, more than five percent of the outstanding voting class, directly or indirectly, of any federally insured depository institution. The Bank is not subject to the liability of any commonly controlled depository institution pursuant to Section 5(e) of the Federal Deposit Insurance Act (12 U.S.C. § 1815(e)).

(ww) Relationship with Agent. Except as disclosed in the Registration Statement, the General Disclosure Package and the Prospectus, the Company does not have any material lending or other relationship with the Agent or any affiliate of the Agent.

(xx) Listing of Shares. The Company has submitted all notices required to have the Shares, including any Shares that may be issued to the Standby Investor, quoted on the OTC’s OTCQX market effective as of or prior to the Closing Date.

(yy) FINRA Affiliations. There are no affiliations or associations as such terms are defined by the FINRA, direct or indirect, between any FINRA member participating in the Offering or any of the Company’s or the Bank’s officers or directors or any shareholder owning beneficially more than 5% of the equity securities of the Company.

(zz) Mortgage Banking Business. Except as has not had and would not reasonably be expected to have a Material Adverse Effect:

(i)

The Company and its subsidiaries has complied in all material respects with, and all documentation in connection with the origination, processing, underwriting and credit approval of any mortgage loan originated, purchased or serviced by the Company or any of its subsidiaries satisfied, (A) all applicable federal and state laws, rules and regulations with respect to the origination, insuring, purchase, sale, pooling, servicing, subservicing, or filing of claims in connection with mortgage loans, including all laws relating to real estate settlement procedures, consumer credit protection, truth in lending laws, usury limitations, fair housing, transfers of servicing, collection practices, equal credit opportunity and adjustable rate mortgages, (B) the responsibilities and obligations relating to mortgage loans set forth in any agreement between the Company or any of its subsidiaries and any Agency, Loan Investor or Insurer, (C) the applicable rules, regulations, guidelines, handbooks and other requirements of any Agency, Loan Investor or Insurer and (D) the terms and provisions of any mortgage or other collateral documents and other loan documents with respect to each mortgage loan; and

(ii)

No Agency, Loan Investor or Insurer has (A) notified the Company or any of its subsidiaries in writing that the Company or any of its subsidiaries has violated or has not complied with the applicable underwriting standards with respect to mortgage loans sold by the Company or any of its subsidiaries to a Loan Investor or Agency, or with respect to any sale of mortgage servicing rights to a Loan Investor, (B) imposed in writing restrictions on the activities (including commitment authority) of the Bank or (C) indicated in writing to the Company or any of its subsidiaries that it has terminated or intends to terminate its relationship with the Company or any of its subsidiaries for poor performance, poor loan quality or concern with respect to the Company’s or any of its subsidiaries’ compliance with laws.

For purposes of this Section 3(aaa): (A) “Agency” means the Federal Housing Administration, the Federal Home Loan Mortgage Corporation, the Farmers Home Administration (now known as Rural Housing and Community Development Services), the Federal National Mortgage Association, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S. Department of Agriculture or any other federal or state agency with authority to (i) determine any investment, origination, lending or servicing requirements with regard to mortgage loans originated, purchased or serviced by the Bank or (ii) originate, purchase, or service mortgage loans, or otherwise promote mortgage lending, including state and local housing finance authorities; (B) “Loan Investor” means any person (including an Agency) having a beneficial interest in any mortgage loan originated, purchased or serviced by the Company or any of its subsidiaries or a security backed by or representing an interest in any such mortgage loan; and (Z) “Insurer” means a person who insures or guarantees for the benefit of the mortgagee all or any portion of the risk of loss upon borrower default on any of the mortgage loans originated, purchased or serviced by the Company or the Bank, including the Federal Housing Administration, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S. Department of Agriculture and any private mortgage insurer, and providers of hazard, title or other insurance with respect to such mortgage loans or the related collateral.

(aaa) Compliance with Applicable Lending Requirements. All of the loans represented as assets of the Company and its subsidiaries in the Prospectus meet or are exempt from all requirements of federal, state and local law pertaining to lending, including, without limitation, truth in lending (including the requirements of Regulation Z and 12 C.F.R. Parts 226 and 1026), real estate settlement procedures, consumer credit protection, equal credit opportunity and all disclosure laws applicable to such loans, except for violations which, if asserted, would not have a Material Adverse Effect. All such loans secured by dwellings constitute qualified mortgages within the meaning of 12 C.F.R. § 1026.43.

(bbb) Compliance with Florida Statutes. Neither the Company nor any of its affiliates does business with the government of Cuba or with any person or affiliate located in Cuba within the meaning of Section 517.075, Florida Statutes. For purposes of this subsection, “affiliate” means a person that directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with the Company.

(ccc) Private Placement. Assuming the accuracy of the representations and warranties of the Standby Investor in the Standby Purchase Agreement, no registration under the Securities Act is required for the offer and sale of the Shares by the Company to the Standby Investor under the Standby Purchase Agreement. Neither the Company nor, to the Company’s knowledge, any person acting on its behalf as engaged or will engage in any form of general solicitation or general advertising (within the meaning of Regulation D under the Securities Act) in connection with the offer and sale of the Shares to the Standby Investor under the Standby Purchase Agreement. The Company has exercised reasonable care, in accordance with Commission rules and guidance, and has conducted a factual inquiry or other means, the nature and scope of which reflect reasonable care under the relevant facts and circumstances, to determine whether any Covered Person, as such term is defined in Rule 506(d)(1) promulgated under the Securities Act, is subject to any of the “bad actor” disqualifications described in Rule 506(d)(1)(i) to (viii) under the Securities Act (“Disqualification Events”). To the Company’s Knowledge, after conducting such sufficiently diligent factual inquiries, no Covered Person is subject to a Disqualification Event, except for a Disqualification Event covered by Rule 506(d)(2) or (d)(3) under the Securities Act. The Company has complied, to the extent applicable, with any disclosure obligations under Rule 506(e) under the Securities Act.

4. Representations and Warranties of the Agent. The Agent hereby represents and warrants to the Company that:

(a) Broker Dealer. The Agent is registered as a broker-dealer under applicable federal and state laws, is a member in good standing of FINRA and has met and will continue to meet all registration, licensing, financial and reporting requirements it is required to meet under applicable federal and state laws and regulations in order to provide the services the Agent has agreed to provide, or that the Agent contemplates that it will provide, to the Company under this Agreement or otherwise in connection with the Registered Offering.

(b) Licenses and Permits. The Agent will not provide any service or engage in any activity, and it will use its commercially reasonable efforts to not permit any of its employees, agents, or representatives to provide any service or engage in any activity, whether pursuant to this Agreement or otherwise in connection with the sale of the Shares, for which it does not have in effect all registrations, licenses and approvals necessary to cause that service or activity to comply with applicable federal and state laws and regulations.

(c) Offering Terms. Notwithstanding anything contained in this Agreement to the contrary, the terms and conditions of the Offering as described in the Registration Statement, the General Disclosure Package and the Prospectus shall control the conduct of the sale of the Shares, and neither the Agent nor any of its respective employees, agents, representatives or affiliates shall take any action in connection with the sale of the Shares contrary to those terms and conditions.

(d) Information. In connection with or during the course of the Offering, neither the Agent nor any employee, agent, representative or affiliate of the Agent will make any representation or provide any information to any potential purchaser other than the representations and information contained in the Registration Statement, the General Disclosure Package or the Prospectus or other information specifically approved by the Company.

(e) Authorization. This Agreement has been duly and validly authorized, executed and delivered by the Agent and, when executed by the Company, will constitute the valid and binding agreement of the Agent enforceable against it in accordance with its terms, except in all cases to the extent that (i) enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights and remedies generally or the rights of creditors or registered broker-dealers whose accounts may be protected by the Securities Investor Protection Corporation; (ii) the availability of the equitable remedy of specific performance and injunctive relief is subject to the discretion of the court before which the proceedings may be brought; and (iii) the enforceability of the provisions hereof relating to indemnification and contribution may be limited by applicable federal, state or other securities laws, or the public policy underlying such laws.

(f) Jurisdictions. The Agent and its employees, agents and representatives who shall perform any of the services required hereunder to be performed by it, shall be authorized and shall have all licenses, approvals and permits necessary to perform such services, and the Agent shall be a registered broker-dealer and selling agent in the jurisdictions in which the Company is relying on such registration for the offer and sale of the Shares after the date of this Agreement as set forth in the blue sky memorandum prepared with respect to the Offering.

(g) No Conflicts. The execution and delivery of this Agreement by the Agent, the fulfillment of the terms set forth herein and the consummation of the transactions contemplated hereby shall not violate or conflict with the organizing documents of the Agent or violate, conflict with or constitute a breach of, or default (or an event which, with notice or lapse of time, or both, would constitute a default) under, any agreement, indenture or other instrument by which the Agent is bound or under any governmental license or permit or any law, administrative regulation, authorization, approval or order or court decree, injunction or order, which breach, default or violation could have a Material Adverse Effect on the condition (financial or otherwise), operations, business, properties or assets of the Agent or its ability to perform its obligations under this Agreement.

(h) Proceeds. The proceeds, if any, received by the Agent to purchase Shares in the Supplemental Community Offering will be handled in accordance with applicable requirements of Rule 15c2-4 under the 1934 Act, by the prompt transmission of such proceeds to the subscription agent designated by the Company. It is understood between the Company and the Agent that the Agent will not receive or handle any proceeds from the purchasers in connection with the Offering.

(i) Litigation. No action or proceeding against the Agent before the Commission, FINRA, any state securities commission, or any state or federal court is pending or, to the Agent’s knowledge, threatened concerning the Agent’s activities as a registered and licensed broker-dealer which could have a Material Adverse Effect on the Agent or its ability to perform its obligations under this Agreement.

(j) Agent Information. The Agent Information is the only written information furnished to the Company by and on behalf of the Agent expressly for use in connection with the preparation of the Registration Statement, the General Disclosure Package and the Prospectus, and it is correct and complete in all material respects and does not include any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading.

(k) FINRA. FINRA has issued to the Agent a “no objections” letter with respect to the Agent’s participation in the Offering as contemplated by this Agreement.

5. Further Agreements of the Company. The Company covenants and agrees with the Agent that:

(a) Required Filings. The Company will file the Prospectus with the Commission within the time periods specified by Rule 424(b) and Rule 430A, 430B or 430C under the Securities Act; will file any Issuer Free Writing Prospectus to the extent required by Rule 433 under the Securities Act; will timely file all reports and any definitive proxy or information statements required to be filed by the Company with the Commission pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date of the Prospectus and for so long as the delivery of a prospectus is required in connection with the offering or sale of the Shares; and will furnish copies of the Prospectus and each Issuer Free Writing Prospectus (to the extent not previously delivered) to the Agent as soon as practicable following execution of this Agreement in such quantities as the Agent may reasonably request.

(b) Delivery of Copies. The Company will deliver, without charge, to the Agent (i) one signed copy of the Registration Statement as originally filed and each amendment thereto, in each case including all exhibits and consents filed therewith; (ii) a conformed copy of the Registration Statement as originally filed and each amendment thereto (without exhibits); and (iii) during the Prospectus Delivery Period (as defined below), as many copies of the Prospectus (including all amendments and supplements thereto and documents incorporated by reference therein and each Issuer Free Writing Prospectus) as the Agent may reasonably request. As used herein, the term “Prospectus Delivery Period” means such period of time after the first date of the public offering of the Shares as in the opinion of counsel for the Agent a prospectus relating to the Shares is required by law to be delivered (or required to be delivered but for Rule 172 under the Securities Act) in connection with sales of the Shares.

(c) Amendments or Supplements, Issuer Free Writing Prospectuses. Before preparing, using, authorizing, approving, referring to or filing any Issuer Free Writing Prospectus, and before filing any amendment or supplement to the Registration Statement or the Prospectus, the Company will furnish to the Agent and counsel for the Agent a copy of the proposed Issuer Free Writing Prospectus, amendment or supplement for review and will not prepare, use, authorize, approve, refer to or file any such Issuer Free Writing Prospectus or file any such proposed amendment or supplement to which the Agent reasonably objects.

(d) Notice to the Agent. The Company will advise the Agent promptly, and confirm such advice in writing, (i) when any amendment to the Registration Statement has been filed or becomes effective; (ii) when any supplement to the Prospectus or any Issuer Free Writing Prospectus or any amendment to the Prospectus has been filed; (iii) of any request by the Commission for any amendment to the Registration Statement or any amendment or supplement to the Prospectus or the receipt of any comments from the Commission relating to the Registration Statement or any other request by the Commission for any additional information; (iv) of the issuance by the Commission of any order suspending the effectiveness of the Registration Statement or preventing or suspending the use of any preliminary prospectus, any of the General Disclosure Package or the Prospectus or the initiation or threatening of any proceeding for that purpose or pursuant to Section 8A of the Securities Act; (v) of the occurrence of any event within the Prospectus Delivery Period as a result of which the Prospectus, the General Disclosure Package or any Issuer Free Writing Prospectus as then amended or supplemented would include any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances existing when the Prospectus, the General Disclosure Package or any such Issuer Free Writing Prospectus is delivered to a purchaser, not misleading; (vi) of the receipt by the Company of any notice of objection of the Commission to the use of the Registration Statement or any post-effective amendment thereto pursuant to Rule 401(g)(1) under the Securities Act; and (vii) of the receipt by the Company of any notice with respect to any suspension of the qualification of the Shares for offer and sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and the Company will use its best efforts to prevent the issuance of any such order suspending the effectiveness of the Registration Statement, preventing or suspending the use of any preliminary prospectus, any of the General Disclosure Package or the Prospectus or suspending any such qualification of the Shares and, if any such order is issued, will use its best efforts to obtain as soon as possible the withdrawal thereof.

(e) Ongoing Compliance. (i) If during the Prospectus Delivery Period (a) any event shall occur or condition shall exist as a result of which the Prospectus as then amended or supplemented would include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing when the Prospectus is delivered to a purchaser, not misleading, or (b) it is necessary to amend or supplement the Prospectus to comply with law, the Company will immediately notify the Agent thereof and forthwith prepare and, subject to paragraph 5(c) above, file with the Commission and furnish to the Agent and to such dealers as the Agent may designate such amendments or supplements to the Prospectus as may be necessary so that the statements in the Prospectus as so amended or supplemented will not, in the light of the circumstances existing when the Prospectus is delivered to a purchaser, be misleading or so that the Prospectus will comply with law, and (ii) if at any time prior to the Closing Date (a) any event shall occur or condition shall exist as a result of which the General Disclosure Package as then amended or supplemented would include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing when the General Disclosure Package is delivered to a purchaser, not misleading or (b) it is necessary to amend or supplement the General Disclosure Package to comply with law, the Company will immediately notify the Agent thereof and forthwith prepare and, subject to paragraph 5(c) above, file with the Commission (to the extent required) and furnish to the Agent and to such dealers as the Agent may designate such amendments or supplements to the General Disclosure Package as may be necessary so that the statements in the General Disclosure Package as so amended or supplemented will not, in the light of the circumstances existing when the General Disclosure Package is delivered to a purchaser, be misleading or so that the General Disclosure Package will comply with law.

(f) Blue Sky Compliance. The Company will qualify the Shares for offer and sale under the securities or Blue Sky laws of such jurisdictions as the Agent shall reasonably request and will continue such qualifications in effect so long as required for distribution of the Shares; provided that the Company shall not be required to (i) qualify as a foreign corporation or other entity or as a dealer in securities in any such jurisdiction where it would not otherwise be required to so qualify, (ii) file any general consent to service of process in any such jurisdiction, or (iii) subject itself to taxation in any such jurisdiction if it is not otherwise so subject.

(g) Earnings Statement. The Company will make generally available to its security holders (which may be satisfied by making publicly available on EDGAR) as soon as practicable an earnings statement that satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 of the Commission promulgated thereunder covering a period of at least twelve months beginning with the first fiscal quarter of the Company occurring after the “effective date” (as defined in Rule 158) of the Registration Statement.

(h) Clear Market. For a period of 90 days after the date of the Prospectus (the “Restricted Period”), the Company will not, without the prior written consent of the Agent (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase or otherwise transfer or dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or publicly disclose the intention to make any offer, sale, pledge, disposition or filing, or (ii) enter into any swap or other agreement or any transaction that transfers, in whole or in part, directly or indirectly, any of the economic consequences of ownership of the Common Stock or any such other securities, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise. The foregoing shall not apply to (i) the Shares to be sold hereunder, (ii) any shares of Common Stock of the Company, restricted stock, restricted stock units and options to purchase shares of Common Stock granted under the Company’s equity compensation plans, and shares of Common Stock issued upon exercise of options granted under such equity compensation plans and (iii) any shares of Common Stock issued by the Company in connection with a dividend reinvestment plan.

(i) Use of Proceeds. The Company will apply the net proceeds from the sale of the Shares as described in the Registration Statement, the General Disclosure Package and the Prospectus under the heading “Use of Proceeds.”

(j) No Stabilization. The Company will not take, directly or indirectly, any action designed to or that could reasonably be expected to cause or result in any stabilization or manipulation of the price of its Common Stock.

(k) Reports. The Company, during the two years subsequent to the date hereof, will furnish to the Agent, as soon as they are available, copies of all reports or other communications (financial or other) furnished to holders of the Shares, and copies of any reports and financial statements furnished to or filed with the Commission or any national securities exchange or automatic quotation system; provided the Company will be deemed to have furnished such reports and financial statements to the Agent to the extent they are filed on EDGAR.

(l) Record Retention. The Company will, pursuant to reasonable procedures developed in good faith, retain copies of each Issuer Free Writing Prospectus that is not filed with the Commission in accordance with Rule 433 under the Securities Act.

(m) Notice of Action. The Company will promptly inform the Agent upon its receipt of service with respect to any material litigation or administrative action instituted with respect to the Offering.

(n) Reporting of Use of Proceeds. The Company will report the use of proceeds from the Offering on its first periodic report filed pursuant to Sections 13(a) and 15(d) of the Exchange Act and on any subsequent periodic reports as may be required pursuant to Rule 463 of the Securities Act.

(o) FINRA Information. The Company will take such actions and furnish such information as are reasonably requested by the Agent in order for the Agent to ensure compliance with FINRA Rules 5110, 5130 and 5131 to the extent applicable.

(p) Compliance with Conditions to Closing. The Company shall not deliver the Shares until the Company has satisfied each condition set forth in Section 6 hereof, unless such condition is waived by the Agent.

(q) Compliance with Applicable law and Regulation. During the Prospectus Delivery Period, each of the Company and the Bank will conduct its respective business in compliance in all material respects with all applicable federal and state laws, rules, regulations, decisions, directives and orders, including all decisions, directives and orders of the Commission, the Federal Reserve Board, the OCC, and the FDIC.

(r) Efforts to Satisfy Closing Conditions. The Company will use all reasonable efforts to comply with, or cause to be complied with, the conditions precedent to the obligations of the Agent specified in Section 6 hereof.

6. Certain Agreements of the Agent. The Agent hereby represents and agrees that:

(a) It has not used, authorized use of, referred to or participated in the planning for use of, and will not use, authorize use of, refer to or participate in the planning for use of, any “free writing prospectus”, as defined in Rule 405 under the Securities Act (which term includes use of any written information furnished to the Commission by the Company and not incorporated by reference into the Registration Statement and any press release issued by the Company) other than (i) a free writing prospectus that contains no “issuer information” (as defined in Rule 433(h)(2) under the Securities Act) that was not included (including through incorporation by reference) in the preliminary prospectus or a previously filed Issuer Free Writing Prospectus, (ii) any Issuer Free Writing Prospectus listed on Annex A or prepared pursuant to Sections 3(c) or 4(c) above (including any electronic road show), or (iii) any free writing prospectus prepared by the Agent and approved by the Company in advance in writing.

(b) It has not and will not, without the prior written consent of the Company, use any free writing prospectus that contains the final terms of the Shares unless such terms have previously been included in a free writing prospectus filed with the Commission.

(c) It is not and as of the Closing Date will not be subject to any pending proceeding under Section 8A of the Securities Act with respect to the Offering (and will promptly notify the Company if any such proceeding against it is initiated during the Prospectus Delivery Period).

7. Conditions of Agent’s Obligations. The obligations of the Agent to offer the Shares on a best-efforts basis under this Agreement are subject to the performance by the Company of its covenants and other obligations hereunder and to the following additional conditions:

(a) Registration Compliance; No Stop Order. No order suspending the effectiveness of the Registration Statement shall be in effect, and no proceeding for such purpose, pursuant to Rule 401(g)(1) or pursuant to Section 8A of the Securities Act shall be pending before or threatened by the Commission; the Prospectus and each Issuer Free Writing Prospectus shall have been timely filed with the Commission under the Securities Act (in the case of an Issuer Free Writing Prospectus, to the extent required by Rule 433 under the Securities Act) and in accordance with Section 5(a) hereof; and all requests by the Commission for additional information shall have been complied with to the reasonable satisfaction of the Agent.

(b) Representations and Warranties. The representations and warranties of the Company contained herein shall be true and correct on the date hereof and on and as of the Closing Date; and the statements of the Company and its officers made in any certificates delivered pursuant to this Agreement shall be true and correct on and as of the Closing Date.

(c) No Material Adverse Change. No event or condition of a type described in Section 3(g) hereof shall have occurred or shall exist, which event or condition is not described in the General Disclosure Package (excluding any amendment or supplement thereto subsequent to the date of this Agreement) and the Prospectus (excluding any amendment or supplement thereto subsequent to the date of this Agreement) and the effect of which in the reasonable judgment of the Agent makes it impracticable or inadvisable to proceed with the offering, sale or delivery of the Shares on the Closing Date on the terms and in the manner contemplated by this Agreement, the General Disclosure Package and the Prospectus.

(d) Officers’ Certificate. The Agent shall have received on and as of the Closing Date a certificate of the chief executive officer and chief financial officer of the Company (i) confirming that such officers have carefully reviewed the Registration Statement, the General Disclosure Package and the Prospectus and, to the knowledge of such officers, the representations set forth in Section 3(b) hereof is true and correct, (ii) confirming that the other representations and warranties of the Company in this Agreement are true and correct and that the Company has complied with all agreements and satisfied all conditions on its part to be performed or satisfied hereunder at or prior to the closing and (iii) to the effect set forth in Sections 7(a) and 7(c) above.

(e) CFO Certificate. On the date of this Agreement and on the Closing Date, the Company shall have furnished to the Agent a certificate, addressed to the Agent, of its chief financial officer with respect to certain financial data contained in the Registration Statement, General Disclosure Package and the Prospectus, providing “management comfort” with respect to such information, substantially in the form of Exhibit B hereto.

(f) Comfort Letters. On the date of this Agreement and on the Closing Date, Crowe Horwath LLP shall have furnished to the Agent, at the request of the Company, letters, dated the respective dates of delivery thereof and addressed to the Agent, in form and substance reasonably satisfactory to the Agent, containing statements and information of the type customarily included in accountants’ “comfort letters” to underwriters with respect to the financial statements and certain financial information contained or incorporated by reference in the Registration Statement, the General Disclosure Package and the Prospectus; provided, that the letter delivered on the Closing Date shall use a “cut-off” date no more than three business days prior to such Closing Date.

(g) Opinion and 10b-5 Statement of Counsel for the Company. The law firm of Hunton & Williams LLP, counsel for the Company, shall have furnished to the Agent, at the request of the Company, their written opinion and 10b-5 statement, dated the Closing Date and addressed to the Agent, in form and substance reasonably satisfactory to the Agent, to the effect set forth in Exhibit A hereto. To the extent that said opinion shall address matters of New Mexico law, Hunton & Williams LLP may rely on the opinion of Sommer, Udall, Hardwick & Jones, P.A.

(h) Opinion and 10b-5 Statement of Counsel for the Agent. The Agent shall have received on and as of the Closing Date an opinion and 10b-5 statement of Silver, Freedman, Taff & Tiernan LLP, counsel for the Agent, with respect to such matters as the Agent may reasonably request, and such counsel shall have received such documents and information as they may reasonably request to enable them to pass upon such matters.

(i) No Legal Impediment to Issuance. No action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued by any federal, state or foreign governmental or regulatory authority that would, as of the Closing Date prevent the issuance or sale of the Shares; and no injunction or order of any federal, state or foreign court shall have been issued that would, as of the Closing Date, prevent the issuance or sale of the Shares.

(j) Good Standing. The Agent shall have received on and as of the Closing Date evidence of the good standing of the Company and its subsidiaries in their respective jurisdictions of organization and their good standing as foreign entities in such other jurisdictions as the Agent may reasonably request, in each case in writing or any standard form of telecommunication from the appropriate governmental authorities of such jurisdictions.

(k) Additional Documents. On or prior to the Closing Date, the Company shall have furnished to the Agent such further certificates and documents as the Agent may reasonably request.

(l) Market Conditions. Market conditions at the time of the Offering shall, in the judgment of the Agent, continue to justify the Offering. All opinions, letters, certificates and evidence mentioned above or elsewhere in this Agreement shall be deemed to be in compliance with the provisions hereof only if they are in form and substance reasonably satisfactory to counsel for the Agent.

8. Indemnification and Contribution.

(a) The Company agrees to indemnify and hold harmless the Agent, its officers and directors, employees and agents, and each person, if any, who controls the Agent within the meaning of Section 15 of the Securities Act or Section 20(a) of the Exchange Act, against any and all loss, liability, claim, damage or expense whatsoever (including, but not limited to, settlement expenses), joint or several, that the Agent or any of them may suffer or to which the Agent and any such persons may become subject under all applicable federal or state laws or otherwise, and to promptly reimburse the Agent and any such persons upon written demand for any expense (including all fees and disbursements of counsel) incurred by the Agent or any of them in connection with investigating, preparing or defending any actions, proceedings or claims (whether commenced or threatened) to the extent such losses, claims, damages, liabilities or actions: (i) arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement (or any amendment or supplement thereto), the General Disclosure Package, any Issuer Free Writing Prospectus, preliminary or final Prospectus (or any amendment or supplement thereto), or any instrument or document executed by the Company or based upon written information supplied by the Company filed in any state or jurisdiction to register or qualify any or all of the Shares or to claim an exemption therefrom or provided to any state or jurisdiction to exempt the Company as a broker-dealer or its officers, directors and employees as broker-dealers or agents, under the securities laws thereof (collectively, the “Blue Sky Application”), or any document, advertisement, oral statement or communication, or supplemental sales material (including the supplemental sales material filed as an exhibit to the Registration Statement) (“Sales Information”) prepared, made or executed by or on behalf of the Company with its consent and based upon written or oral information furnished by or on behalf of the Company, whether or not filed in any jurisdiction, in order to qualify or register the Shares or to claim an exemption therefrom under the securities laws thereof; (ii) arise out of or are based upon the omission or alleged omission to state in any of the foregoing documents or information a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading; or (iii) arise from any theory of liability whatsoever relating to or arising from or based upon the Registration Statement (or any amendment or supplement thereto), preliminary or final Prospectus (or any amendment or supplement thereto), the General Disclosure Package, any Issuer Free Writing Prospectus, any Blue Sky Application or Sales Information or other documentation distributed in connection with the Offering, in each case except insofar as such losses, claims, damages or liabilities arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with any Agent Information. The Company and the Agent hereby acknowledge and agree that the only information that the Agent has furnished to the Company specifically for inclusion in the Registration Statement, any preliminary prospectus, the Prospectus, any Issuer Free Writing Prospectus or any other free writing prospectus that is part of the General Disclosure Package, or any amendment or supplement thereto, is the last three sentences of the sixth paragraph of the Section titled “Plan of Distribution” in the Prospectus (collectively, the “Agent Information”).

(b) Indemnification of the Company. The Agent agrees to indemnify and hold harmless the Company and each person, if any, who controls the Company within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act and each director, officer, employee, partner, agent or affiliate of the Company and the Bank to the same extent as the indemnity set forth in paragraph (a) above, but only with respect to any losses, claims, damages or liabilities that arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with any Agent Information; provided, however, that the obligation of the Agent to indemnify the Company, and each person, if any, who controls the Company within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act and each director, officer, employee, partner, agent or affiliate of the Company shall be limited to the amount of fees actually received by the Agent pursuant to this Agreement.

(c) Notice and Procedures. If any suit, action, proceeding (including any governmental or regulatory investigation), claim or demand shall be brought or asserted against any person in respect of which indemnification may be sought pursuant to either paragraph (a) or (b) above, such person (the “Indemnified Person”) shall promptly notify the person against whom such indemnification may be sought (the “Indemnifying Person”) in writing; provided that the failure to notify the Indemnifying Person shall not relieve it from any liability that it may have under paragraph (a) or (b) above except to the extent that it has been materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure; and provided, further, that the failure to notify the Indemnifying Person shall not relieve it from any liability that it may have to an Indemnified Person otherwise than under paragraph (a) or (b) above. If any such proceeding shall be brought or asserted against an Indemnified Person and it shall have notified the Indemnifying Person thereof, the Indemnifying Person shall retain counsel reasonably satisfactory to the Indemnified Person (who shall not, without the consent of the Indemnified Person, be counsel to the Indemnifying Person) to represent the Indemnified Person in such proceeding and shall pay the fees and expenses of such counsel related to such proceeding, as incurred. In any such proceeding, any Indemnified Person shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Person unless (i) the Indemnifying Person and the Indemnified Person shall have mutually agreed to the contrary; (ii) the Indemnifying Person has failed within a reasonable time to retain counsel reasonably satisfactory to the Indemnified Person; (iii) the Indemnified Person shall have reasonably concluded that there may be legal defenses available to it that are different from or in addition to those available to the Indemnifying Person; or (iv) the named parties in any such proceeding (including any impleaded parties) include both the Indemnifying Person and the Indemnified Person and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interest between them. It is understood and agreed that the Indemnifying Person shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the fees and expenses of more than one separate firm (in addition to any local counsel) for all Indemnified Persons, and that all such fees and expenses shall be paid or reimbursed as they are incurred. Any such separate firm for the Agent, its affiliates, directors and officers and any control persons of the Agent shall be designated in writing by the Agent and any such separate firm for the Company, its directors, officers and any control persons of the Company shall be designated in writing by the Company. The Indemnifying Person shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the Indemnifying Person agrees to indemnify each Indemnified Person from and against any loss or liability by reason of such settlement or judgment. No Indemnifying Person shall, without the written consent of the Indemnified Person, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Person is or could have been a party and indemnification or contribution could have been sought hereunder by such Indemnified Person, unless such settlement (x) includes an unconditional release of such Indemnified Person from all liability on claims that are the subject matter of such proceeding, and (y) does not include any statement as to or any admission of fault, culpability or a failure to act by or on behalf of any Indemnified Person.

(d) Contribution. If the indemnification provided for in paragraphs (a) and (b) above is unavailable to an Indemnified Person or insufficient in respect of any losses, claims, damages or liabilities referred to therein, then each Indemnifying Person under such paragraph, in lieu of indemnifying such Indemnified Person thereunder, shall contribute to the amount paid or payable by such Indemnified Person as a result of such losses, claims, damages or liabilities (i) in such proportion as is appropriate to reflect the relative benefits received by the Company, on the one hand, and the Agent on the other, from the Offering, or (ii) if the allocation provided by clause (i) is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) but also the relative fault of the Company, on the one hand, and the Agent on the other, in connection with the statements or omissions that resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative benefits received by the Company, on the one hand, and the Agent on the other, shall be deemed to be in the same respective proportions as the net proceeds (before deducting expenses, but after deducting fees and commissions of the Agent) received by the Company from the sale of the Shares and the total fees and commissions received by the Agent in connection therewith, in each case as set forth in the table on the cover of the Prospectus, bear to the aggregate offering price of the Shares. The relative fault of the Company, on the one hand, and the Agent on the other, shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company or by the Agent and the parties’ relative intent, good faith, knowledge, access to information and opportunity to correct or prevent such statement or omission.

(e) Limitation on Liability. The Company and the Agent agree that it would not be just and equitable if contribution pursuant to this Section 7 were determined by pro rata allocation or by any other method of allocation that does not take account of the equitable considerations referred to in paragraph (d) above. The amount paid or payable by an Indemnified Person as a result of the losses, claims, damages and liabilities referred to in paragraph (d) above shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such Indemnified Person in connection with any such action or claim. Notwithstanding the provisions of this Section 7, in no event shall the Agent be required to contribute any amount in excess of the total fees and commissions actually received by such the Agent with respect to the Offering. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation.

(f) No Liability. The Company also agrees that the Agent shall not have any liability (whether direct or indirect, in contract or tort or otherwise) to the Company and its security holders or the Bank’s or the Company’s creditors relating to or arising out of the engagement of the Agent pursuant to, or the performance by the Agent of the services contemplated by, this Agreement, except to the extent that any liability is found in a final judgment by a court of competent jurisdiction to have resulted primarily from the Agent’s bad faith, willful misconduct or gross negligence.

(g) Expense Reimbursement. In addition, in the event that the Agent, any person, if any, who controls the Agent within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act or any of its partners, directors, officers, employees, affiliates or agents is requested or required to appear as a witness or otherwise gives testimony in any action, proceeding, investigation or inquiry brought by or on behalf of or against the Company, the Agent or any of their respective affiliate or any participant in the transactions contemplated hereby in which the Agent or such person or agent is not named as a defendant, the Company agrees to reimburse the Agent and its partners, directors, officers, employees or agents for all reasonable and necessary out-of-pocket expenses incurred by them in connection with preparing or appearing as a witness or otherwise giving testimony and to compensate the Agent and its partners, directors, officers, employees or agents in an amount to be mutually agreed upon.

(h) Non-Exclusive Remedies. The remedies provided for in this Section 7 are not exclusive and shall not limit any rights or remedies which may otherwise be available to any Indemnified Person at law or in equity.

8. Effectiveness of Agreement. This Agreement shall become effective upon the execution and delivery hereof by the parties hereto.

9. Termination. The appointment and authorization of the Agent hereunder shall expire on the Closing of the Offering, unless extended in writing by the Company and the Agent. This Agreement may be terminated in the absolute discretion of the Agent, by notice to the Company, if after the execution and delivery of this Agreement and prior to the Closing Date (i) trading generally shall have been suspended or materially limited on or by any of the New York Stock Exchange, the NYSE MKT, the NASDAQ Stock Market or the OTC; (ii) trading of any securities issued or guaranteed by the Company shall have been suspended on any exchange or in any over-the-counter market; (iii) a general moratorium on commercial banking activities shall have been declared by federal or New Mexico authorities; (iv) there shall have occurred any outbreak or escalation of hostilities or any change in financial markets or any calamity or crisis, either within or outside the United States, that, in the judgment of the Agent, is material and adverse and makes it impracticable or inadvisable to proceed with the offering, sale or delivery of the Shares on the Closing Date on the terms and in the manner contemplated by this Agreement, the General Disclosure Package and the Prospectus; or (v) if there has been, since the time of execution of this Agreement or since the respective dates as of which information is given in the Registration Statement, the General Disclosure Package or the Prospectus, the occurrence of an event resulting in a Material Adverse Effect with regard to the Company and its subsidiaries taken as a whole, whether or not arising in the ordinary course of business.

10. Payment of Expenses.

(a) Whether or not the transactions contemplated by this Agreement are consummated or this Agreement is terminated, the Company will pay or cause to be paid all costs and expenses incident to the performance of its obligations hereunder, including without limitation, (i) the costs incident to the authorization, issuance, sale, preparation and delivery of the Shares and any taxes payable in that connection; (ii) the costs incident to the preparation, printing and filing under the Securities Act of the Registration Statement, the preliminary prospectus, any Issuer Free Writing Prospectus, the General Disclosure Package and the Prospectus (including all exhibits, amendments and supplements thereto) and the distribution thereof; (iii) the fees and expenses of the Company’s counsel and independent accountants; (iv) the fees and expenses of the Company’s counsel incurred in connection with the registration or qualification of the Shares under the state securities or blue sky laws of such jurisdictions as the Agent may reasonably designate; (v) the cost of preparing stock certificates and closing transcripts; (vi) the costs and charges of any transfer agent and any registrar; (vii) the fees and expenses of the Subscription Agent; (viii) all expenses and application fees incurred in connection with any filing with, and clearance of the offering by, FINRA (other than the fees of the Agent’s counsel incurred in connection therewith); and (ix) all expenses incurred by the Company in connection with any “road show” presentation to potential investors.

(b) Whether or not the transactions contemplated by this Agreement are consummated or this Agreement is terminated, the Company shall reimburse the Agent for its reasonable attorney’s fees and related legal expenses, not to exceed $75,000, without the Company’s prior consent (or up to $95,000 in the event Shares are sold in the Supplemental Community Offering); provided, however, in no event shall such legal fees and expenses exceed $95,000, as well as all out-of-pocket expenses incurred from time to time in connection with the provision of its services hereunder, including database and similar information charges related to third party vendors; travel-related expenses; postage, telecommunication, printing, and duplicating expenses, and any background checks on individuals required for compliance purposes, not to exceed $25,000 in aggregate, without the Company’s prior consent (or up to $45,000 in the event Shares are sold in the Supplemental Community Offering); provided however, in no event shall such out-of-pocket expenses exceed $45,000. If any compensation or expenses payable to the Agent pursuant to this Agreement are not fully paid when due, the Company agrees to pay all costs of collection or other enforcement of the Agent’s rights hereunder, including but not limited to attorneys’ fees and expenses, whether collected or enforced by suit or otherwise.

11. Persons Entitled to Benefit of Agreement. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and the officers and directors and any control persons referred to in Section 7 hereof. Nothing in this Agreement is intended or shall be construed to give any other person any legal or equitable right, remedy or claim under or in respect of this Agreement or any provision contained herein. No purchaser of Shares shall be deemed to be a successor merely by reason of such purchase in the Offering.

12. Survival. The respective indemnities, rights of contribution, representations, warranties and agreements of the Company and the Agent contained in this Agreement or made by or on behalf of the Company or the Agent pursuant to this Agreement or any certificate delivered pursuant hereto shall survive the delivery of and payment for the Shares and shall remain in full force and effect, regardless of any termination of this Agreement or any investigation made by or on behalf of the Company or the Agent.

13. Certain Defined Terms. For purposes of this Agreement, (a) except where otherwise expressly provided, the term “affiliate” has the meaning set forth in Rule 405 under the Securities Act; (b) the term “business day” means any day other than a day on which banks are permitted or required to be closed in New York City; and (c) the term “subsidiary” has the meaning set forth in Rule 405 under the Securities Act.

14. Miscellaneous.

(a) Notices. All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given if mailed or transmitted and confirmed by any standard form of telecommunication. Notices to the Agent shall be sent to Boenning & Scattergood, Inc., 4 Tower Bridge, 200 Barr Harbor Drive, Suite 300, West Conshohocken, Pennsylvania 19428 (fax (610) 832-1232), Attention: Michael C. Voinovich with a copy to Ross Bevan, Esq. at Silver, Freedman, Taff & Tiernan LLP, 3299 K Street, N.W., Suite 100, Washington, D.C. 20007, and to the Company and the Bank shall be sent to Trinity Capital Corporation, 1200 Trinity Drive, Los Alamos, New Mexico 078544 (fax: (505) 662-1092), Attention: John S. Gulas, with a copy to Peter G. Weinstock, Esq. at Hunton & Williams LLP, 1445 Ross Avenue, Suite 3700, Dallas, Texas 75202.

(b) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania applicable to agreements made and to be performed in such jurisdiction.

(c) Counterparts. This Agreement may be signed in counterparts (which may include counterparts delivered by any standard form of telecommunication), each of which shall be an original and all of which together shall constitute one and the same instrument.

(d) Amendments or Waivers. No amendment or waiver of any provision of this Agreement, nor any consent or approval to any departure therefrom, shall in any event be effective unless the same shall be in writing and signed by the parties hereto.

(e) Headings. The headings herein are included for convenience of reference only and are not intended to be part of, or to affect the meaning or interpretation of, this Agreement.

(f) Entire Agreement. This Agreement, together with the annexes and exhibits hereto, contains the entire understanding of the parties with respect to the subject matter hereof and supersedes all prior agreements, understandings, discussions and representations, oral or written, with respect to such matters, which the parties acknowledge have been merged into such agreement, annexes and exhibits. There are no restrictions, promises, warranties, or undertakings, other than those set forth or referred to herein.

[Signature Page Follows]

If the foregoing is in accordance with your understanding, please indicate your acceptance of this Agreement by signing in the space provided below.

Very truly yours,

	TRINITY CAPITAL CORPORATION

	By:
	Name:	John S. Gulas
	Title:	President and Chief Executive Officer


	BOENNING & SCATTERGOOD, INC.

	By:
	Name:	Michael C. Voinovich
	Title:	Managing Director

Annex A

Exhibit A

FORM OF OPINION

A-1

Exhibit B

FORM OF

CHIEF FINANCIAL OFFICER’S CERTIFICATE

Exhibit 99.3

[Trinity Capital Corporation Logo]

INSTRUCTIONS AS TO USE OF

TRINITY CAPITAL CORPORATION RIGHTS CERTIFICATES

CONSULT THE SUBSCRIPTION AGENT, FINANCIAL ADVISOR,

YOUR BANK, OR BROKER AS TO ANY QUESTIONS

The following instructions relate to a rights offering (the “Rights Offering”) by Trinity Capital Corporation, a New Mexico corporation (the “Company”), to the holders of record (the “Recordholders”) of its voting common stock, no par value per share (the “Voting Common Stock”), as described in the prospectus, dated September [__], 2017 (the “Prospectus”). Recordholders of the Company’s Voting Common Stock as of 5:00 p.m., Eastern Daylight Time, on September 22, 2017 (the “Record Date”) are receiving, at no charge, nontransferable subscription rights (the “Subscription Rights”) to subscribe for and purchase shares of the Company’s Voting Common Stock.

In the Rights Offering, the Company is offering up to an aggregate of 2,105,263 shares of its Voting Common Stock (the “Underlying Shares”) pursuant to the accompanying Prospectus. The Subscription Rights will expire, if not exercised, before 5:00 p.m., Eastern Daylight Time, on November 3, 2017, unless the Company extends the rights offering period, but not beyond November 10, 2017 (as it may be extended, the “Expiration Date”).

As described in the accompanying Prospectus, each Recordholder will receive one (1) Subscription Right for every 4.1747 shares of Voting Common Stock that the Recordholder owned as of 5:00 p.m., Eastern Daylight Time, on the Record Date. Each Subscription Right will allow the holder thereof to subscribe for one (1) share of Voting Common Stock (the “Basic Subscription Right”) at the subscription price of $4.75 per share (the “Subscription Price”), rounded down to the nearest whole share. For example, if a Recordholder owned 1,000 shares of our Voting Common Stock as of the Record Date, the Recordholder would receive 239 Subscription Rights and would have the right to purchase up to 239 shares of Voting Common Stock, at a price of $4.75 per share pursuant to the Basic Subscription Right.

In addition, each Recordholder who exercises his, her, or its Basic Subscription Right in full will be entitled to an over-subscription privilege (the “Over-subscription Privilege”) to subscribe to purchase shares of Voting Common Stock that are not purchased by other Recordholders through the exercise of their Basic Subscription Rights (the “Unsubscribed Shares”), subject to availability and the limitations described in the Prospectus. Unless we otherwise agree in writing, a person or entity, together with related persons or entities, may not exercise Subscription Rights (including over-subscription privileges) to purchase shares of our Voting Common Stock that, when aggregated with their existing ownership, would result in such person or entity, together with any related persons or entities, owning in excess of 9.9% of our issued and outstanding shares of Voting Common Stock following the closing of the transactions contemplated by this rights offering, or otherwise being required to obtain regulatory approval.

The Subscription Rights are evidenced by rights certificates (the “Rights Certificate”) registered in the Recordholder’s name or its nominee. Subscription Rights are not transferable.

Each Recordholder will be required to submit payment in full for all the shares it wishes to purchase pursuant to the exercise of the Basic Subscription Right and, if applicable, the Over-subscription Privilege, before 5:00 p.m., Eastern Daylight Time, on the Expiration Date. Because we will not know the total number of Unsubscribed Shares prior to the Expiration Date, if a Recordholder wishes to maximize the number of shares purchased pursuant to its Over-subscription Privilege, the Recordholder will need to deliver payment in an amount equal to the aggregate Subscription Price for the maximum number of shares of Voting Common Stock available to the Recordholder pursuant to both the Basic Subscription Right and the Over-subscription Privilege, assuming that no other Recordholders have purchased any shares of our Voting Common Stock pursuant to their Basic Subscription Rights.

Fractional shares of Voting Common Stock resulting from the exercise of the Basic Subscription Right and the Over-subscription Privilege will be eliminated by rounding down to the nearest whole share, with the total subscription payment being adjusted accordingly. Any excess subscription payments received by the Subscription Agent will be returned, without interest or deduction, as soon as practicable.

The Subscription Agent must receive the Rights Certificate or Notice of Guaranteed Delivery with payment of the appropriate Subscription Price, including final clearance of any checks, before 5:00 p.m., Eastern Daylight Time, on the Expiration Date. A Recordholder cannot revoke the exercise of its Subscription Rights. Subscription Rights not exercised before 5:00 p.m., Eastern Daylight Time, on the Expiration Date will expire.

The Company will not be required to issue shares of Voting Common Stock to you if the Subscription Agent does not receive your Rights Certificate or Notice of Guaranteed Delivery with your subscription payment before 5:00 p.m., Eastern Daylight Time, by the Expiration Date, regardless of when you send the subscription payment and related documents, unless you send the documents in compliance with the guaranteed delivery procedures described below. The Company may extend the Expiration Date by giving oral or written notice to the Subscription Agent on or before the Expiration Date. If the Company elects to extend the Expiration Date of the Rights Offering, it will issue a press release announcing such extension no later than 9:00 a.m., Eastern Daylight Time, on the next business day after the most recently announced Expiration Date.

The number of Subscription Rights to which you are entitled is printed on the face of your Rights Certificate. You should indicate your wishes with regard to the exercise of your Subscription Rights by completing the appropriate portions of your Rights Certificate and returning the certificate to the Subscription Agent in the envelope provided.

YOUR RIGHTS CERTIFICATE, OR NOTICE OF GUARANTEED DELIVERY, AND SUBSCRIPTION PAYMENT FOR EACH SHARE OF VOTING COMMON STOCK SUBSCRIBED FOR PURSUANT TO THE BASIC SUBSCRIPTION RIGHT PLUS THE FULL SUBSCRIPTION PRICE FOR ANY ADDITIONAL SHARES OF VOTING COMMON STOCK SUBSCRIBED FOR PURSUANT TO THE OVER-SUBSCRIPTION PRIVILEGE, INCLUDING FINAL CLEARANCE OF ANY CHECKS, MUST BE RECEIVED BY THE SUBSCRIPTION AGENT, ON OR BEFORE 5:00 P.M., EASTERN DAYLIGHT TIME, ON THE EXPIRATION DATE. ONCE A RECORDHOLDER HAS EXERCISED ANY SUBSCRIPTION RIGHTS, SUCH EXERCISE MAY NOT BE REVOKED. RIGHTS NOT EXERCISED PRIOR TO 5:00 P.M., EASTERN DAYLIGHT TIME, ON THE EXPIRATION DATE OF THE RIGHTS OFFERING WILL EXPIRE.

Method of Subscription - Exercise of Subscription Rights

To exercise Subscription Rights, complete your Rights Certificate and send the properly completed and executed Rights Certificate evidencing such Subscription Rights with any signatures required to be guaranteed so guaranteed, together with payment in full of the Subscription Price for each Underlying Share for which you are subscribing pursuant to the Basic Subscription Right plus the full Subscription Price for any Unsubscribed Shares you elect to subscribe for pursuant to the Over-subscription Privilege, to the Subscription Agent, before the Expiration Date.

Payment of the Subscription Price will be held in a segregated account to be maintained by the Subscription Agent. All payments must be made in U.S. dollars for the full number of Underlying Shares for which you are subscribing (a) by check or bank draft drawn upon a U.S. bank or postal or express money order payable to the Subscription Agent, or (b) by wire transfer of immediately available funds, to the account maintained by the Subscription Agent for purposes of accepting subscriptions in the Rights Offering at ABA No. 021-000-021, further credit to Account Number 475-470656 at Continental Stock Transfer & Trust Company, with an account name of Trinity Capital Corporation Escrow Account (the “Subscription Account”).

Any wire transfer should clearly indicate the identity of the subscriber who is paying the Subscription Price by wire transfer. Payments will be deemed to have been received upon (i) clearance of any uncertified check, (ii) receipt by the Subscription Agent of any certified check or bank draft drawn upon a U.S. bank or of any postal or express money order, or (iii) receipt of collected funds in the Subscription Account designated above. If paying by uncertified personal check, please note that the funds paid thereby may take five (5) or more business days to clear. Accordingly, Recordholder who wish to pay the Subscription Price by means of uncertified personal check are urged to make payment sufficiently in advance of the Expiration Date to ensure that such payment is received and clears by such date and are urged to consider payment by means of certified or cashier’s check, money order, or wire transfer of funds.

The Rights Certificate and payment of the Subscription Price must be delivered to the Subscription Agent by one of the methods described below:

By Hand, Mail or Overnight Delivery:

Continental Stock Transfer & Trust Company

1 State Street Plaza – 30^th Floor

New York, NY 10004

Telephone Number for Confirmation:

(917) 262-2378

Delivery to an address other than those above does not constitute valid delivery.

Continental Stock Transfer & Trust Company, the Subscription Agent, and Boenning & Scattergood, Inc., our financial advisor, are available to answer questions relating to the procedures and submission of payments in the rights offering. You may call Continental Stock Transfer & Trust Company at (917) 262-2378, Monday through Friday during regular business hours. You may also call Boenning & Scattergood, Inc. at (866) 326-8186, Monday through Friday during regular business hours, or email it at trinityinfo@boenninginc.com, Attn: Michael G. Marting. You may also contact John S. Gulas, our President and Chief Executive Officer, or Thomas Dolan, our Chief Financial Officer, at (505) 662-5171, Monday through Friday during regular business hours.

By making arrangements with your bank or broker for the delivery of funds on your behalf, you may also request such bank or broker to exercise the Rights Certificate on your behalf. Alternatively, you may cause a written guarantee substantially in the form attached as Exhibit A to these instructions (the “Notice of Guaranteed Delivery”), from a member firm of a registered national securities exchange or a member of the Financial Industry Regulatory Authority, Inc., or from a commercial bank or trust company having an office or correspondent in the United States, or from a bank, shareholder, savings and loan association or credit union with membership in an approved signature guarantee medallion program, pursuant to Rule 17Ad-15 of the Securities Exchange Act of 1934, as amended (each an “Eligible Institution”), to be received by the Subscription Agent before 5:00 p.m., Eastern Daylight Time, on the Expiration Date together with payment in full of the applicable Subscription Price. Such Notice of Guaranteed Delivery must state your name, the number of Subscription Rights represented by the Rights Certificate or Rights Certificates held by you, the number of shares of Voting Common Stock for which you are subscribing under your Basic Subscription Right, the number of additional shares of Voting Common Stock for which you are subscribing under your Over-subscription Privilege, and that you will guarantee the delivery to the Subscription Agent of a properly completed and executed Rights Certificate evidencing such Subscription Rights within three (3) business days following the date the Subscription Agent receives your Notice of Guaranteed Delivery. If this procedure is followed, the properly completed Rights Certificate evidencing the Subscription Right or Subscription Rights being exercised, with any signatures required to be guaranteed so guaranteed, must be received by the Subscription Agent within three (3) business days following the date of the Notice of Guaranteed Delivery. The Notice of Guaranteed Delivery may be delivered to the Subscription Agent in the same manner as the Rights Certificates at the address set forth above. Additional copies of the Notice of Guaranteed Delivery may be obtained upon request from the Subscription Agent, at (917) 262-2378, or Boenning & Scattergood, Inc., at (866) 326-8186.

If you do not indicate the number of Subscription Rights being exercised or do not forward full payment of the Subscription Price, then you will be deemed to have exercised the maximum number of Subscription Rights that may be exercised with the aggregate Subscription Price you delivered to the Subscription Agent. If the Subscription Agent does not apply your full Subscription Price payment to your purchase of shares of Voting Common Stock, any excess subscription payment received by the Subscription Agent will be returned to you, without interest or deduction, as soon as practicable.

Brokers, dealers, custodian banks, and other nominee holders of Subscription Rights who exercise the Basic Subscription Right and the Over-subscription Privilege on behalf of beneficial owners of Subscription Rights will be required to certify to the Company and the Subscription Agent, in connection with the exercise of the Over-subscription Privilege, as to the aggregate number of Subscription Rights that have been exercised pursuant to the Basic Subscription Right and the number of shares of Voting Common Stock that are being subscribed for pursuant to the Over-subscription Privilege, by each beneficial owner of Subscription Rights (including such nominee itself) on whose behalf such nominee holder is acting.

The Company can provide no assurances that you will actually be entitled to purchase the number of shares of Voting Common Stock issuable upon the exercise of its Over-subscription Privilege in full at the expiration of the Rights Offering. The Company will not be able to satisfy an exercise of the Over-subscription Privilege if all of the Recordholders exercise their Basic Subscription Rights in full and the shares reserved for the directed share program, as described in the Prospectus (the “Directed Share Program”), are fully subscribed, and we will only honor an Over-subscription Privilege to the extent sufficient shares of Voting Common Stock are available following the exercise of Subscription Rights under the Basic Subscription Rights and after accepting subscriptions in the Directed Share Program.

To the extent the aggregate Subscription Price of the maximum number of Unsubscribed Shares available to a Recordholder pursuant to the Over-subscription Privilege is less than the amount the Recordholder actually paid in connection with the exercise of the Over-subscription Privilege, the Recordholder will be allocated only the number of Unsubscribed Shares available to it, as soon as practicable after the Expiration Date, and the Recordholder’s excess subscription payment received by the Subscription Agent will be returned, without interest, as soon as practicable.

To the extent the amount the Recordholder actually paid in connection with the exercise of the Over-subscription Privilege is less than the aggregate Subscription Price of the maximum number of Unsubscribed Shares available to the Recordholder pursuant to the Over-subscription Privilege, such Recordholder will be allocated the number of Unsubscribed Shares for which it actually paid in connection with the Over-subscription Privilege.

If sufficient shares of Voting Common Stock are available, the Company will seek to honor your Over-subscription Privilege request in full. However, the Company reserves the right to accept or reject, in whole or in part, any over-subscription requests. If over-subscriptionr equests exceed the number of Unsubscribed Shares available, the Company reserves the right to determine in its sole discretion the manner in which the Unsubscribed Shares are allocated. Any excess subscription payments will be returned, without interest, as soon as practicable after the closing of the offerings.

2.	Issuance of Voting Common Stock

The following deliveries and payments will be made to the address shown on the face of your Rights Certificate, unless you provide instructions to the contrary in your Rights Certificate.

(a) Basic Subscription Right. As soon as practicable after the Expiration Date and the valid exercise of Subscription Rights, the Subscription Agent will credit each Recordholder’s account with shares of Voting Common Stock purchased pursuant to the Basic Subscription Right.

(b) Over-subscription Privilege. As soon as practicable after the Expiration Date and after all pro-rations and adjustments contemplated by the terms of the Rights Offering have been effected, the Subscription Agent will credit each Recordholder’s accounts with the number of Unsubscribed Shares, if any, purchased pursuant to the valid exercise of the Over-subscription Privilege.

(c) Excess Cash Payments. As soon as practicable after the Expiration Date and after all pro-rations and adjustments contemplated by the terms of the Rights Offering have been effected, any excess subscription payments received by the Subscription Agent will be returned, without interest or deduction, to any appropriate Recordholders who subscribed to the Rights Offering.

Execution

(a) Execution by Registered Holder. The signature on the Rights Certificate must correspond with the name of the Recordholder exactly as it appears on the face of the Rights Certificate without any alteration or change whatsoever. Persons who sign the Rights Certificate in a representative or other fiduciary capacity must indicate their capacity when signing and, unless waived by the Subscription Agent in its sole and absolute discretion, must present to the Subscription Agent satisfactory evidence of their authority to so act.

(b) Execution by Person Other than Registered Holder. If the Rights Certificate is executed by a person other than the Recordholder named on the face of the Rights Certificate, proper evidence of authority of the person executing the Rights Certificate must accompany the same unless, for good cause, the Subscription Agent dispenses with proof of authority.

(c) Signature Guarantees. Your signature must be guaranteed by an Eligible Institution unless (i) your Rights Certificate states that shares are to be delivered to you as Recordholder, or (ii) you are an Eligible Institution.

4.	Method of Delivery

The method of delivery of Rights Certificates and payment of the Subscription Price to the Subscription Agent will be at the election and risk of the Recordholder. If sent by mail, the Company recommends that you send the Rights Certificate and Subscription Price by overnight courier or by registered mail, properly insured, with return receipt requested, and that you allow a sufficient number of days to ensure delivery to the Subscription Agent and clearance of payment prior to the Expiration Date. The Company urges you to consider using a certified or cashier’s check, money order, or wire transfer of funds to ensure that the Subscription Agent receives your funds prior to the Expiration Date. If you send an uncertified check, payment will not be deemed to have been received by the Subscription Agent until the check has cleared, but if you send a certified check, bank draft drawn upon a U.S. bank, a postal or express money order, or wire or transfer funds directly to the Subscription Agent’s account, payment will be deemed to have been received by the Subscription Agent immediately upon receipt of such instruments and wire or transfer. Any personal check used to pay for shares of Voting Common Stock must clear the appropriate financial institutions prior to the Expiration Date. The clearinghouse may require five (5) or more business days. Accordingly, if you subscribe to the Rights Offering and wish to pay the Subscription Price by means of an uncertified personal check, the Company urges you to make payment sufficiently in advance of the Expiration Date to ensure such payment is received and clears by such date.

5.	Special Provisions Relating to the Delivery of Subscription Rights through The Depository Trust Company

In the case of Subscription Rights that are held of record through The Depository Trust Company (“DTC”), exercises of the Basic Subscription Right and of the Over-subscription Privilege may be effected by instructing DTC to transfer Subscription Rights from the DTC account of such Recordholder to the DTC account of the Subscription Agent, together with certification as to the aggregate number of shares of Voting Common Stock subscribed for pursuant to the Basic Subscription Right and the number of Unsubscribed Shares subscribed for pursuant to the Over-subscription Privilege by each beneficial owner of Subscription Rights on whose behalf such nominee is acting, and payment of the Subscription Price for each share of Voting Common Stock subscribed for pursuant to the Basic Subscription Right and the Over-subscription Privilege.

EXHIBIT A

FORM OF NOTICE OF GUARANTEED DELIVERY

New Mexico	6021	85-0242376
(state or other jurisdiction of incorporation or organization)	(Primary Standard Industrial Classification Code Number)	(I.R.S. Employer Identification No.)

Large accelerated filer	o	Accelerated filer	o

Non-accelerated filer	o	Smaller reporting company	☑
(Do not check if a smaller reporting company)
		Emerging growth company	o

Title of Each Class of Securities To Be Registered	Amount to be Registered			Proposed Maximum Offering Price per Share		Proposed Maximum Aggregate Offering Price		Amount of Registration Fee⁽³⁾
Non-transferable Voting Common Stock Subscription Rights⁽¹⁾		1,578,948			N/A		N/A	$	0
Voting Common Stock, no par value per share		2,105,263	⁽²⁾	$	4.75	$	9,999,999	$	1,159.00
Total		2,105,263		$	4.75	$	9,999,999	$	1,159.00

	Per Share		Aggregate⁽¹⁾
Subscription price	$	4.75	$	9,999,999
Estimated expenses of the offerings, excluding financial advisor fees and expenses		0.12		252,659
Estimated financial advisor fees and expenses⁽²⁾		0.29		600,000
Estimated proceeds to us	$	4.35	$	9,147,340

	Page
ABOUT THIS DOCUMENT		i
CAUTION REGARDING FORWARD-LOOKING STATEMENTS		i
QUESTIONS AND ANSWERS ABOUT THE OFFERINGS		1
SUMMARY		7
SELECTED HISTORICAL CONSOLIDATED FINANCIAL DATA		13
RISK FACTORS		20
USE OF PROCEEDS		36
DIVIDEND POLICY		36
MARKET INFORMATION		36
CAPITALIZATION		37
THE RIGHTS OFFERING		38
THE DIRECTED SHARE PROGRAM		47
THE STANDBY PURCHASE AGREEMENT		48
THE SUPPLEMENTAL COMMUNITY OFFERING		50
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT		53
DESCRIPTION OF OUR CAPITAL STOCK		55
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS		57
MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES		58
PLAN OF DISTRIBUTION		61
LEGAL MATTERS		62
EXPERTS		62
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE		62
AVAILABLE INFORMATION		63

	Six months ended June 30,						Year ended December 31,
	2017			2016			2016			2015			2014			2013		2012
	(dollars in thousands, except per share data)
Summary Income Data:
Interest income	$	22,946		$	24,299		$	47,848		$	47,604		$	52,150		$	60,695	$	67,274
Interest expense		2,291			2,724			5,367			5,876			7,356			8,821		10,393
Net interest income		20,655			21,575			42,481			41,728			44,794			51,874		56,881
Provision for loan losses		(970	)		0			1,800			500			2,000			0		27,206
Net trust income		1,310			1,246			2,260			2,604			2,564			2,359		2,057
Other non-interest income		3,072			4,533			9,567			7,525			6,441			13,106		17,068
Total non-interest income		4,382			5,779			11,827			10,129			9,005			15,465		19,125
Noninterest expense		26,008			26,138			50,071			49,443			56,621			54,476		51,558
Income (loss) before income taxes		(1	)		1,216			2,437			1,914			(4,822	)		12,863		(2,758	)
Income tax expense (benefit)		2,089			0			(13,676	)		0			1,170			0		(250	)
Net income (loss)	$	(2,090	)	$	1,216		$	16,113		$	1,914		$	(5,992	)	$	12,863	$	(2,508	)

Per Share Data:
Net income (loss) per common share-diluted	$	(0.19	)	$	(0.13	)	$	1.71		$	(0.29	)	$	(1.43	)	$	1.66	$	(0.72	)
Book value at end of period		5.69			8.35			6.88			6.51			7.20			8.63		7.09
Dividends declared - common stock		0.00			0.00			0.00			0.00			0.00			0.00		0.00
Dividends declared - preferred stock		10.00			56.09			114.48			104.97			81.79			52.69		51.91
Average common shares outstanding		14,685,239			6,525,544			6,620,611			6,483,637			6,452,557			6,449,726		6,449,726
Dilutive potential common shares outstanding		14,685,239			6,525,544			6,934,608			6,483,637			6,452,557			6,449,726		6,449,726

Balance Sheet Data:
Total assets	$	1,310,866		$	1,420,370		$	1,425,437		$	1,398,985		$	1,446,206		$	1,550,020	$	1,544,912
Cash and cash equivalents		81,662			82,503			119,335			188,875			247,398			291,198		160,960
Total securities available for sale		404,414			463,470			439,650			316,040			216,022			123,304		112,897
Total loans		737,036			790,370			785,490			839,788			910,547			1,057,088		1,193,824
Allowance for loan losses		13,167			17,592			14,352			17,392			24,783			28,358		35,633
Total deposits		1,164,707			1,264,294			1,215,089			1,253,958			1,282,592			1,383,065		1,393,139
Borrowings		2,300			2,300			2,300			2,300			22,300			22,300		22,300
Junior subordinated debt		36,934			37,116			36,927			37,116			37,116			37,116		37,116
Shareholders’ equity		96,586			82,434			134,107			76,300			81,003			88,710		75,858

Quarter ended	High sales price		Low sales price

September 30, 2017 (through September 15, 2017)	$	4.95	$	4.75
June 30, 2017		6.00		4.50
March 31, 2017		4.50		4.25

December 31, 2016*	$	4.75	$	3.75
September 30, 2016		4.00		3.75
June 30, 2016		4.00		4.00
March 31, 2016		4.00		4.00

December 31, 2015	$	4.00	$	4.00
September 30, 2015		4.00		4.00
June 30, 2015		4.50		4.00
March 31, 2015		4.50		3.00

	June 30, 2017
	Actual			As Adjusted
	(dollars in thousands except per share data)
Shareholders’ Equity:
Common stock, voting, no par; 20,000,000 shares authorized; 9,252,995 shares issued and outstanding; 11,358,258 shares issued and outstanding, as adjusted	$	9,564		$	11,669
Common stock, non-voting, no par; 20,000,000 shares authorized; 8,286,200 shares issued and outstanding		8,286			8,286
Additional paid in capital		29,669			36,711
Retained earnings		52,530			52,530
Accumulated other comprehensive loss		(3,463	)		(3,463	)
Total shareholders’ equity	$	96,586		$	105,733
Book value per common share⁽¹⁾	$	5.69		$	5.54

Name of Individual or Individuals in Group	Reporting Type	Beneficial Ownership of Voting Common Stock		Percent of Class of Voting Common Stock
Gregory G. Antonsen	Director		8,657			*
James F. Deutsch⁽¹⁾	Director		211			*
Thomas Dolan	Chief Financial Officer		—			*
James E. Goodwin, Jr.	Director		6,563			*
John S. Gulas⁽²⁾	Director and Chief Executive Officer		22,144			*
Jeffrey F. Howell	Director		19,396			*
Leslie Nathanson Juris	Director		8,026			*
Thomas Lilly⁽³⁾	Chief Credit Officer		2,987			*
Arthur B. Montoya, Jr.⁽⁴⁾	Director		29,965			*
Tony Scavuzzo⁽⁵⁾	Director		211			*
Charles A. Slocomb⁽⁶⁾	Director		21,019			*
Daniel W. Thompson⁽⁷⁾	Former Chief Financial Officer		2,817			*
Robert P. Worcester⁽⁸⁾	Director		33,306			*
Total of Directors and Executive Officers (16 persons)			159,613		1.7	%

		As of July 31, 2017
Name of Individual or Individuals in Group	Reporting Type	Beneficial Ownership		Percent of Class
Castle Creek Capital Partners VI, L.P. 6051 El Tordo Rancho Santa Fe, CA 92067	5% Stockholder		909,567		9.8	%
Patriot Financial Partners II, L.P.⁽¹⁾ Patriot Financial Partners Parallel II, L.P. Cira Centre 2929 Arch Street, 27^th Floor Philadelphia, PA 19104	5% Stockholder		909,567		9.8	%
Strategic Value Investors LP 2000 Auburn Drive, Suite 300 Beachwood, OH 44122	5% Stockholder		842,105		9.1	%
Trinity Capital Corporation ESOP⁽²⁾	5% Stockholder		671,578		7.3	%
The Delle Foundation⁽³⁾	5% Stockholder		567,097		6.1	%

SEC registration fee	$	1,159.00
FINRA fee		2,000.00
OTCQX listing fee		25,000.00
Blue Sky fees and expenses		10,000.00
Printing, postage and mailing expenses		12,000.00
Legal and accounting fees and expenses		175,000.00
Subscription agent fees and expenses		22,500.00
Miscellaneous		5,000.00

Total	$	252,659.00

Exhibit No.	Description of Exhibit
1.1	Form of Agency Agreement between Trinity Capital Corporation and Boenning & Scattergood, Inc., as financial advisor*

3.1	Amended and Restated Articles of Incorporation of the Trinity Capital Corporation⁽¹⁾

3.2	Amended and Restated Bylaws of the Trinity Capital Corporation⁽²¹⁾

4.1	Indenture dated as of March 23, 2000 among Trinity Capital Corporation, Trinity Capital Trust I and The Bank of New York⁽²⁾

4.2	Indenture dated as of May 11, 2004 between Trinity Capital Corporation, Trinity Capital Trust III and Wells Fargo Bank, National Association⁽⁸⁾

4.3	Indenture dated as of June 29, 2005 between Trinity Capital Corporation, Trinity Capital Trust IV and Wilmington Trust Company⁽⁶⁾

4.4	Indenture dated as of September 21, 2006 between Trinity Capital Corporation, Trinity Capital Trust V and Wilmington Trust Company⁽⁷⁾

4.5	Form of Subscription Agent Agreement between Registrant and Continental Stock Transfer & Trust Company, as Subscription Agent^

4.6	Form of Subscription Rights Certificate^

5.1	Legal opinion of Sommer, Udall, Hardwick & Jones, P.A.^

10.1	Trinity Capital Corporation 1998 Stock Option Plan⁽³⁾

10.2	Form of stock option grant agreement under the Trinity Capital Corporation 1998 Stock Option Plan⁽⁴⁾

10.3	Amended and Restated Trinity Capital Corporation 2005 Stock Incentive Plan⁽¹²⁾

10.4	Trinity Capital Corporation 2005 Deferred Income Plan⁽⁵⁾

10.5	Form of stock appreciation right grant agreement under the 2005 Stock Incentive Plan⁽¹¹⁾

10.6	Amendment to Trinity Capital Corporation 1998 Stock Option Plan⁽⁹⁾

10.7	Amended and Restated Trinity Capital Corporation 2005 Deferred Compensation Plan⁽¹⁰⁾

10.8	Agreement by and between Los Alamos National Bank and The Comptroller of the Currency, dated November 30, 2012⁽¹⁵⁾

10.9	Agreement by and between Trinity Capital Corporation and the Federal Reserve Bank of Kansas City, dated September 26, 2013⁽¹⁶⁾

10.10	Consent Order by and between Los Alamos National Bank and The Comptroller of the Currency, dated December 17, 2013⁽¹⁷⁾

10.11	Employment Agreement dated June 3, 2014 between Trinity Capital Corporation, Los Alamos National Bank and John S. Gulas⁽¹⁸⁾

10.12	Trinity Capital Corporation 2015 Long-Term Incentive Plan⁽¹³⁾

10.13	Trinity Capital Corporation Employee Stock Ownership Plan and Trust (As Amended and Restated Effective January 1, 2015)⁽¹⁴⁾

10.14	Employment Agreement dated February 20, 2015, between Trinity Capital Corporation, Los Alamos National Bank and Anne H. Kain⁽¹⁹⁾

10.15	Employment Agreement dated October 27, 2015, between Trinity Capital Corporation, Los Alamos National Bank and Daniel W. Thompson⁽²⁰⁾

Exhibit No.	Description of Exhibit
10.16	Employment Agreement dated February 23, 2016, between Trinity Capital Corporation, Los Alamos National Bank and Joseph Martony⁽²²⁾

10.17	Form of Restricted Stock Unit Award under the Trinity Capital Corporation 2015 Long-Term Incentive Plan⁽²³⁾

10.18	Stock Purchase Agreement, dated September 8, 2016, by and among Trinity Capital Corporation, Castle Creek Capital Partners VI, LP, Patriot Financial Partners II, L.P., Patriot Financial Partners Parallel II, L.P., and Strategic Value Bank Partners LLC, through its fund Strategic Value Investors LP⁽²⁴⁾

10.19	Standby Purchase Agreement by and among Trinity Capital Corporation and Strategic Value Bank Partners LLC^

10.20	Form of Amended and Restated Standby Purchase Agreement by and among Trinity Capital Corporation and Strategic Value Bank Partners LLC^

21.1	List of Subsidiaries of Trinity Capital Corporation⁽²⁵⁾

23.1	Consent of Crowe Horwath LLP^

23.2	Consent of Sommer, Udall, Hardwick & Jones, P.A. (contained in Exhibit 5.1 hereto)

24.1	Power of attorney (included on signature page)

99.1	Form of Letter to Shareholders^

99.2	Form of Letter to Clients^

99.3	Form of Instructions as to Use of Trinity Capital Corporation Rights Certificates*

99.4	Form of Nominee Holder Certification*

99.5	Form of Beneficial Owner Election Form*

99.6	Form of Notice of Guaranteed Delivery for Rights Certificates^

99.7	Subscription Agreement for Directed Share Program^

99.8	Subscription Agreement for Supplemental Community Offering^

	TRINITY CAPITAL CORPORATION

	/s/ John S. Gulas
	John S. Gulas
	President and Chief Executive Officer
	(Principal Executive Officer)

	/s/ Thomas Dolan
	Thomas Dolan
	Chief Financial Officer
	(Principal Financial Officer)
	(Principal Accounting Officer)

Signature		Title	Date

By:	/s/ John S. Gulas	President, Chief Executive Officer and Director (Principal Executive Officer)	September 18, 2017
	John S. Gulas

By:	/s/ Thomas Dolan	Chief Financial Officer (Principal Financial and Accounting Officer)	September 18, 2017
	Thomas Dolan

By:	*	Director	September 18, 2017
	Gregory Antonsen

By:	*	Director	September 18, 2017
	James F. Deutsch

By:	*	Director	September 18, 2017
	James E. Goodwin, Jr.

By:	*	Director	September 18, 2017
	Jeffrey F. Howell

By:	*	Director	September 18, 2017
	Leslie Nathanson Juris

By:	*	Director	September 18, 2017
	Arthur B. Montoya, Jr.

By:	*	Director	September 18, 2017
	Tony Scavuzzo

Identity of Beneficial Owner	Number of Shares of Voting Common Stock Owned on the Record Date	Number of Shares Subscribed For Pursuant to Basic Subscription Right	Number of Shares Subscribed For Pursuant to Over-subscription Privilege
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