DALLAS, Dec. 08, 2017 (GLOBE NEWSWIRE) -- Triumph Bancorp, Inc. (Nasdaq:TBK) announced the completion of its acquisition of Valley Bancorp, Inc. Simultaneously with the closing of the acquisition, Valley Bancorp’s wholly-owned bank subsidiary, Valley Bank & Trust, merged with and into the Company’s wholly-owned bank subsidiary, TBK Bank, SSB. At November 30, 2017, Valley Bancorp had approximately $334 million of total assets, $176 million in loans and $299 million of deposits.

“We are pleased to complete the acquisition of Valley Bank & Trust,” Aaron P. Graft, vice chairman and chief executive officer of Triumph Bancorp, Inc., stated. “The acquisition of Valley further expands TBK Bank’s presence in Colorado, bringing us to 32 branches. Valley is a remarkable institution that has served its communities admirably over the years. TBK Bank will continue providing the exceptional service Valley’s customers have come to expect through the bankers they already know, with a broader spectrum of product offerings. The Valley team members are joining a fast growing institution that is committed to its customers, communities and employees. We’re excited to have them aboard.”

ABOUT TRIUMPH BANCORP, INC.

Triumph Bancorp, Inc. (NASDAQ:TBK) is a financial holding company headquartered in Dallas, Texas, with a diversified line of community banking and commercial finance activities. Our bank subsidiary, TBK Bank, SSB, is a Texas-state savings bank offering commercial and consumer banking products focused on meeting client needs in Texas, Colorado, Kansas, Iowa and Illinois. We also serve a national client base through our commercial finance offering, which includes factoring, equipment lending, asset based lending, commercial insurance and premium finance solutions for independent insurance agents.