trending Market Intelligence /marketintelligence/en/news-insights/trending/KtsYJwWc-6Ow12UhmRxOfw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Triumph Bancorp 'always looking' for M&A opportunities

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Triumph Bancorp 'always looking' for M&A opportunities

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.