Capitol's Chairman and CEO Joseph D. Reid said, "Another quarter of active management and resolution-oriented focus resulted in net loan charge-offs of $1.8 million for the fourth quarter of 2012, a significant decrease from $13.4 million for the corresponding period of 2011.
Capitol's Chairman and CEO, Joseph D. Reid stated, "We remain hopeful that the restructuring plan will serve to provide resolution for our trust preferred securities and Capitol's senior debt, while also facilitating additional equity investments in the Corporation.
Capitol's Chairman and CEO Joseph D. Reid said, "As Capitol continues to address challenges within its affiliate network, this transition serves as a strategic opportunity to deleverage our consolidated balance sheet while enabling Sunrise Bank of Albuquerque to partner with a group possessing access to additional capital resources."
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