Triumph Completes Interstate Capital Assets Acquisition
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 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.
Triumph Bancorpannounced that its subsidiary banks intend to seek regulatory approval to merge into a single bank later this year.
Triumph Bancorp completed its IPO of 6,700,000 shares of its common stock at $12.00 per share. Sandler O’Neill + Partners, Evercore and Wells Fargo Securities, acted as joint bookrunners for the offering.
Triumph Bancorp announced the completion of its previously announced acquisition of the lending platform and certain assets of Doral Healthcare Finance, which has been rebranded Triumph Healthcare Finance.
Triumph Bancorp announced a series of management assignments that included naming Dan Karas chief lending officer of Triumph’s banking subsidiary, Triumph Savings Bank.