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Press Release April 4, 2019

TMI HOLDINGS, INC. ACQUIRES SALEM TRUST COMPANY

Atlanta, GA, April 4, 2019 /PRNewswire/ — TMI Holdings, Inc. is pleased to announce that it has acquired 100% of the stock of Salem Trust Company, a Tampa Florida based trust company specializing in custody services for government retirement plans and institutional clients, in a friendly transaction to be effective on April 1, 2019.