DALLAS — Triumph Bancorp, Inc. (NASDAQ:TBK) announced March 7, 2016, that it has signed a definitive agreement to acquire ColoEast Bankshares, Inc., parent of Colorado East Bank & Trust, headquartered in Lamar, Colorado.
ColoEast Bankshares, Inc. is a bank holding company with $759 million in total assets as of 12/31/2015. Its community banking subsidiary, Colorado East Bank & Trust, offers personal checking, savings, CD, money market, HSA, IRA, NOW and business accounts, as well as consumer, commercial and mortgage loans from 18 branches and one loan production office located throughout Colorado and far western Kansas.
“Triumph’s acquisition of ColoEast Bankshares, Inc. will provide immediate and long-term benefits to both of our organizations,” commented Aaron P. Graft, Vice Chairman and CEO of Triumph Bancorp, Inc. “We are excited to welcome the customers and staff of Colorado East Bank & Trust to the Triumph Bancorp group of companies.”
Posted in Triumph Bancorp