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.
Triumph Bancorp has named Geoffrey P. Brenner chief executive officer of Triumph Business Capital. Brenner joins Triumph Business Capital after serving 10 years as president and chief executive officer of TPC, a nationally recognized healthcare services company based in Plano, Texas.
Triumph Bancorp completed its acquisitions of First Bancorp of Durango and Southern Colorado Corp., along with their respective subsidiaries.
Triumph Bancorp closed the acquisition of the transportation factoring assets of Interstate Capital by Advance Business Capital d/b/a Triumph Business Capital.
Triumph Bancorp agreed to acquire First Bancorp of Durango and Southern Colorado. The company also entered into an asset purchase agreement to acquire the transportation factoring assets of Interstate Capital.
CNH Finance expanded its national commercial healthcare lending capabilities with the acquisition of Triumph Healthcare Finance, a division of TBK Bank.
Triumph Bancorp completed its acquisition of Valley Bancorp with $334 million of total assets, $176 million in loans and $299 million of deposits.
TBK Bank, a subsidiary of Triumph Bancorp, completed its acquisition of nine branch locations in Colorado from Independent Bank.
Triumph Bancorp reported that its commercial finance portfolio, comprised of equipment and asset-based loans and factoring products, ended Q2/15 at $467.7 million, up 45% from $321.9 million a year earlier.