October 20, 2014 9:17 PM ET

Banks

Company Overview of Triumph Bancorp, Inc.

Company Overview

Triumph Bancorp, Inc., through its subsidiaries, provides banking products and commercial finance products to businesses in the United States. The company offers depository products, including checking, savings, and money market accounts, as well as certificates of deposit. It also provides commercial and industrial loans, loans to purchase capital equipment, and business loans for working capital and operational purposes; asset-based, equipment, and healthcare loans; real estate loans to finance commercial property; and factoring services to the transportation sector, as well as to industries, such as manufacturing, distribution, energy services and staffing. In addition, the company provid...

12700 Park Central Drive

Suite 1700

Dallas, TX 75251

United States

463 Employees

Phone:

214-365-6900

Fax:

214-237-3197

Key Executives for Triumph Bancorp, Inc.

Chief Executive Officer
Executive Chairman
Age: 56
Compensation as of Fiscal Year 2014.

Triumph Bancorp, Inc. Key Developments

Triumph Bancorp Mulls Acquisitions

Triumph Bancorp, Inc., which has filed an IPO in the amount of $100 million, is looking for acquisitions. The company stated, “We intend to use approximately $25.9 million of the net proceeds to us generated by this offering to redeem, as promptly as practicable following the completion of this offering, our TARP preferred stock; approximately $11.7 million of the net proceeds of this offering to retire, as promptly as practicable following the completion of this offering, our senior secured indebtedness, consisting of a senior secured note with a principal amount of $11.9 million as of June 30, 2014, which has an interest rate based at the prime rate with a minimum interest rate of 4.5%, a prepayment penalty of 1.0% of the unpaid principal, and matures on October 15, 2018; and any remainder of the net proceeds of this offering to support our organic growth and other general corporate purposes, including potential future acquisitions of bank and non-bank financial services companies that we believe are complementary to our business and consistent with our growth strategy.”

Triumph Bancorp, Inc. Launches Triumph Capital Advisors

Triumph Bancorp, Inc. announced that it is launching Triumph Capital Advisors, a credit-focused investment management firm with an emphasis on investing in senior secured bank loans. The newly-launched investment management firm will initially focus on collateralized loan obligation issuance and separate accounts.

Triumph Bancorp, Inc. Names Carlos M. Sepulveda, Jr. as Executive Chairman of the Board

Triumph Bancorp, Inc. announced that Carlos M. Sepulveda, Jr. will be transitioning from the role of Non-Executive Chairman of the Board to Executive Chairman of the Board for the company. The transition is scheduled to occur in May 2013. Sepulveda has been serving as the Non-Executive Chairman since Triumph was established in 2010. He currently serves on the Board of Directors for Cinemark, Inc. and Cinemark Holdings, Inc., both as a director and as chairman of the Audit Committee.

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Recent Private Companies Transactions

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Target
No transactions available in the past 12 months.
 

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