Triumph Bancorp, Inc. (NASDAQ:TBK) Files An 8-K Other Events
Item 8.01.Other Events.
On June 23, 2017, Triumph Bancorp, Inc., a Texas corporation (the
Company) announced that TBK Bank, SSB, a Texas state chartered
savings bank and a wholly owned subsidiary of the Company (the
Bank) entered into a Purchase and Assumption Agreement, dated as
of June 23, 2017 with Independent Bank, a Texas state chartered
bank, to which the Bank agreed to acquire certain assets and
assume certain liabilities associated with nine Independent Bank
branch locations in Colorado.
A copy of the press release announcing the transaction is
attached hereto as Exhibit 99.1.
Item 9.01 Financial Statement and Exhibits.
(d)Exhibits
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Exhibit No. |
Description |
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99.1 |
Press Release, dated June 23, 2017 |
Triumph Bancorp, Inc. ExhibitEX-99.1 2 tbk-ex991_51.htm EX-99.1 tbk-ex991_51.htm TBK Bank to Acquire 9 Branches from Independent Bank DALLAS,…To view the full exhibit click here About Triumph Bancorp, Inc. (NASDAQ:TBK)
Triumph Bancorp, Inc. is a financial holding company. Through its bank subsidiary, TBK Bank, SSB (TBK Bank), the Company offers banking services, as well as commercial finance products to businesses that require specialized financial solutions. The Company operates through four segments: Banking, Factoring, Asset Management and Corporate. The Factoring segment includes the operations of Advance Business Capital, LLC (doing business as Triumph Business Capital) with revenue derived from factoring services. The Banking segment includes the operations of TBK Bank, including loans originated under its TCF brand, and certain factored receivables, which are purchased by TBK Bank. The Asset Management segment includes operations of Triumph Capital Advisors, LLC, which manages collateralized loan obligation funds. The Corporate segment includes holding company financing and investment activities, and management and administrative expenses to support its operations.
