Triumph Bancorp established TriumphX, a business unit charged with supporting the execution of Triumph’s plan and evolution as a transportation financial technology company. Matt Levy, the founder of Credera, joined Triumph Bancorp to serve as president of the new unit.
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.
The International Factoring Association appointed five new advisory board members, including Jay Atkins of Seacoast Business Funding, Oscar Rombolà of eCapital, Greg Salomon of Oxygen Funding, George Thorson of Triumph Business Capital and Debra Zukonik of Dare Capital.
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.
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.
Carrie Jenkins joined Triumph Business Capital’s sales team as vice president, business development officer. She will report to senior vice president Blain Waugh.
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.