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TBK-Bank-Merger

THE FIRST NATIONAL BANK OF DURANGO AND TBK BANK ANNOUNCE PLANS TO MERGE

Durango, CO and Dallas, April 9, 2018 – Mark Daigle, chief executive officer of The First National Bank of Durango and Aaron P. Graft, chief executive officer of TBK Bank, SSB, are pleased to announce the signing of an agreement for TBK Bank’s parent company, Triumph Bancorp, Inc. to acquire The First National Bank of Durango and its parent company, First Bancorp of Durango, Inc.

The First National Bank of Durango's four branches in Durango and one branch in Bayfield will join TBK Bank's 53-branch network, 32 of which are in Colorado.

“We are really excited about the acquisition of The First National Bank of Durango,” said Graft. “Durango is a vibrant community with a storied history. TBK Bank will continue The First National Bank of Durango's tradition of meeting the local needs of the community and its outstanding record of active community support.”

“The First National Bank of Durango will operate as TBK Bank following the close of the acquisition,” said Daigle. “While the name will change, our core values and community banking philosophy will endure. TBK Bank has a strong commitment to serving the communities in which they operate. They value their team members and their customers greatly. By partnering with TBK Bank, we only increase our value, resources, and ability to support the people, businesses and communities we serve. That is community banking and that is why I believe this partnership is good for our bank and our community.”

Upon close of the acquisition, members of The First National Bank of Durango's board of directors, Steve Short and Mark Daigle, are expected to join the TBK Bank board of directors.

The transaction is anticipated to close in the third quarter of 2018, pending regulatory approval. To view the full press release regarding the announcement go to: http://ir.triumphbancorp.com/file/Index?KeyFile=392951161

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About TBK Bank
TBK Bank, SSB is a $3.5 billion bank offering personal and business banking from 53 branches. To learn more about TBK Bank, please visit www.TBKBank.com. TBK Bank's parent company, Triumph Bancorp, Inc., is publicly traded on the Nasdaq under the ticker symbol TBK. To learn more about Triumph Bancorp, please visit, www.TriumphBancorp.com.

TBK Bank Media Contact:
Amanda Tavackoli
Senior Vice President, Marketing & Communication
atavackoli@tbkbank.com | 214-365-6930
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First National Bank of Durango Media Contact:
Mark Daigle
Chief Executive Officer
mdaigle@fnbdurango.com | 970-382-5714
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