DALLAS, July 18, 2016 (GLOBE NEWSWIRE) -- Triumph Bancorp, Inc. (Nasdaq:TBK), the parent company for TBK Bank, SSB, today announced that both the Federal Reserve Bank of Dallas and Federal Deposit Insurance Corporation have now approved the previously announced acquisition of ColoEast Bankshares, Inc., and merger of Colorado East Bank &Trust with TBK Bank, SSB.

Upon expiration of the public notice requirement specified by Texas state law, the Department of Savings and Mortgage Lending anticipates issuing its final approval. The transactions remain subject to the satisfaction or waiver of other customary closing conditions. Triumph expects to complete the transaction on or about August 1, 2016.

About Triumph

Headquartered in Dallas, Texas, Triumph Bancorp, Inc. (NASDAQ:TBK) is a financial holding company with a diversified line of community banking, commercial finance and asset management activities.www.triumphbancorp.com