Trigger - Create contact when new account created

Another Example:

Trigger Code: CreateAccountContact.apxt

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trigger CreateAccountContact on Account (after insert) {           list<contact> contacts = new list<contact>();           for(account acc : trigger.new){                   if(acc.Industry == 'Banking'){                           contact con = new contact();                           con.LastName = acc.name;                           con.Phone = acc.Phone;                           con.AccountId = acc.Id;                           contacts.add(con);                       }               }       insert contacts; }