Triumph Bancorp, Inc. (NASDAQ:TBK) Files An 8-K Other Events
Item 8.01 Other Events.
(the “Company“) and Triumph Capital Advisors, LLC, a
Texas limited liability company and a wholly owned subsidiary
of the Company (“TCA“) entered into a Membership
Interest Purchase Agreement to sell all of the limited
liability company interests of TCA to an entity owned by Pine
Brook Partners.
attached hereto as Exhibit 99.1.
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Exhibit No.
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Description
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99.1
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Press Release, dated March 30, 2017
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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. Triumph Bancorp, Inc. (NASDAQ:TBK) Recent Trading Information
Triumph Bancorp, Inc. (NASDAQ:TBK) closed its last trading session up +0.40 at 26.40 with 52,257 shares trading hands.