UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT,

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report: June 29, 2017

TRINITY CAPITAL CORPORATION

(Exact name of Registrant as specified in its charter)

New Mexico

(State or other jurisdiction of incorporation)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Mr. Dolan, age 57, joined the Company's wholly-owned banking subsidiary, Los Alamos National Bank ("LANB" or the "Bank"), in April 2017 as its Senior Financial Officer and was appointed Chief Financial Officer of the Bank on June 19, 2017.  Prior to joining LANB, Mr. Dolan was most recently employed as Executive Vice President and Chief Operating Officer for Anchor Bank based in Madison, Wisconsin, and its successor, Old National Bank, until September 30, 2016.  Prior to serving in that capacity, Mr. Dolan served as Chief Financial Officer of Anchor Bank.  He is a graduate of Loyola University of Chicago and holds an MBA from University of Chicago with a concentration in Finance.

Mr. Dolan does not have a direct or indirect material interest in any transaction with the Company or LANB required to be disclosed pursuant to item 404(a) of Regulation S-K.  Mr. Dolan is not related to any other director or executive officer of the Company or LANB.

Under the terms of his employment as Chief Financial Officer of the Company and the Bank, Mr. Dolan will receive an annual base salary of $300,000, and he will participate in the benefit plans currently available to employees of the Company.  Mr. Dolan is also eligible to receive cash and stock incentives at the discretion of the Company's Board of Directors.

In addition, subject to regulatory approval, the Bank will enter into a Change in Control Agreement with Mr. Dolan (the "Change in Control Agreement") that will provide for certain benefits to Mr. Dolan if (A) there is a change in control within one (1) year of Mr. Dolan's inception of employment, and (B) within one (1) year following the change in control Mr. Dolan is effectively terminated.  Such benefits to be paid to Mr. Dolan will equal (i) a lump sum payment equal to one times Mr. Dolan's base salary at the time of the termination as a result of the change in control, (ii) Mr. Dolan's earned but unpaid annual incentive bonus, (iii) Mr. Dolan's earned but unpaid annual base salary for the period ending on the date of the termination, (iv) Mr. Dolan's accrued but unpaid time off pay, and (v) Mr. Dolan's unreimbursed business expenses.  Mr. Dolan will not be eligible to receive such benefits if he is terminated for "Cause," as defined in the Change in Control Agreement.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.