Independent Banker - September 2022 - 57

These community banks tailor their
products and services not just to their
neighborhood demographics but to
everyone's needs, from bank accounts
for gig economy workers to microloans
for consumers. In short, they do what
community banks do best.
Custom-made
community
banking
By Ed Avis * Photo by Amanda Powell
CENTINEL BANK OF TAOS, N.M.
The story of Centinel Bank's founding makes clear why the
bank is committed to serving all residents of its diverse
community. Eliu Romero, a military veteran, attorney and
fourth-generation resident of Taos County, decided to open his
own law practice in Taos. He asked the bank for a $50 loan to
buy furniture, but his application was rejected. He vowed to
one day open a bank himself, and he eventually lived up to that
promise when he launched Centinel Bank of Taos in 1969.
Today, the population of Taos County is about 56%
Hispanic, according to the Census Bureau, and $395 millionasset
Centinel Bank serves that population with care.
" We remain a largely Hispanic population, and we have
additional immigration of Hispanic [people], and we
are evaluating diff erent ways to serve them, " says Angel
Reyes, Centinel's president and CEO.
Reyes says the community bank's business is split about
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Independent Banker - September 2022

Table of Contents for the Digital Edition of Independent Banker - September 2022

Table of Contents
Independent Banker - September 2022 - Intro
Independent Banker - September 2022 - Cover1
Independent Banker - September 2022 - Cover2
Independent Banker - September 2022 - Table of Contents
Independent Banker - September 2022 - 2
Independent Banker - September 2022 - 3
Independent Banker - September 2022 - 4
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Independent Banker - September 2022 - Cover3
Independent Banker - September 2022 - Cover4
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