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Triumph, Independent close Colo. branch deal

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Triumph, Independent close Colo. branch deal

TBK Bank SSB has closed its acquisition of nine Independent Bank branches in Colorado.

The deal involved approximately $99 million in loans and $162 million in deposits, for an aggregate deposit premium of approximately $6.8 million or 4.2%.

TBK Bank and Independent are the respective subsidiaries of Dallas-based Triumph Bancorp Inc. and McKinney, Texas-based Independent Bank Group Inc.