TriumphBancorp Inc. Vice Chairman and CEO Aaron Graft said during an April28 conference call that the proposed acquisition of Lamar, Colo.-basedColoEast Bankshares Inc.,the parent of Colorado East Bank& Trust, is progressing as expected at this point.
Graft noted that he does not know when the will get approved, but addedthat the company does not see the pending transaction as bringing its other M&Aactivity to a "hard stop."
"[F]or the Triumph team members on this call or in thisroom, I'm sure they're hoping that we get to close that one before we announcethe next one. From my seat, we're always looking," Graft said during thecall to discuss first-quarter results, according to a transcript.
Graft said that during the first quarter, the company'scommunity bank management staff has been focused on planning the integration ofColorado East retail functions into its own.
The Dallas-based company said April 27 that for the first quarter, net incomeavailable to common stockholders was $4.8 million, or 27 cents per share. Itwas $13.9 million, or 76 cents per share, for the year-ago period.