Triumph Bancorp completed an extensive rebranding effort, including a change of the company name to Triumph Financial. Prior to the market open on Dec. 2, 2022, the company’s common stock will begin trading on NASDAQ under the ticker symbol “TFIN.”
Triumph Business Capital appointed Rob Wright chief product officer. Wright joined Triumph Business Capital from Capital One, where he most recently served as head of product for Auto Navigator, a consumer auto website.
Triumph Business Capital appointed Amber Roy to the role of chief operating officer. Roy will be responsible for Triumph Business Capital’s day-to-day operations, ensuring the company delivers services while being cost effective and maintaining a positive profit margin.
Triumph Business Capital closed the acquisition of the transportation factoring assets of Transport Financial Solutions for approximately $132.2 million, including contingent consideration of approximately $9.9 million.