Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos
Banking Services
Retail Banking
Return to: BBR Home | Banking Services | Retail Banking

TBK Bank acquires nine Independent Bank branches

Published 09 October 2017

Triumph Bancorp's subsidiary TBK Bank has closed its acquisition of nine branch locations in Colorado from Independent Bank, a subsidiary of Independent Bank Group.

TBK Bank purchased approximately $99 million in loans and assumed approximately $162 million in deposits associated with the branches for an aggregate deposit premium of approximately $6.8 million or 4.2%.

The following is a list of the 9 branches acquired in the transaction by TBK Bank.

  • 615 W 8th Avenue, Yuma, Colorado  80759
  • 102 N Washington Street, Otis, Colorado  80743
  • 122 W Main Street, Sterling, Colorado  80751
  • 175 E First Street, Akron, Colorado  80720
  • 10 Angrove Avenue, Johnstown, Colorado  80534
  • 5855 Firestone Boulevard, Firestone, Colorado  80504
  • 1300 Broad Street, Milliken, Colorado  80543
  • 401 Coffman Street, Longmont, Colorado  80501
  • 3650 35th Avenue, Evans, Colorado  80620

“We are pleased to complete the acquisition of these 9 locations from Independent Bank,” Aaron P. Graft, vice chairman and chief executive officer of Triumph Bancorp, Inc., stated.

“We are excited to expand the retail footprint in our Western Division to 27 branches, bringing our total number of branches to 46, while gaining a team of talented bankers that will enhance our community banking operations. This acquisition will improve our core deposit base and continue to build upon the diversification of our loan portfolio from last year’s Colorado East Bank & Trust acquisition. We are excited to welcome the customers and staff of these branches to the TBK team.”



Source: Company Press Release