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Triumph Bancorp Announces Closing of Initial Public Offering

November 14, 2014, 07:19 AM
Filed Under: Industry News

Triumph Bancorp, Inc. announced it has completed its initial public offering of 6.7 million shares of its common stock at a price to the public of $12.00 per share. Triumph's common stock began trading on the NASDAQ Global Select Market on November 7, 2014, under the ticker symbol "TBK".

Sandler O'Neill + Partners, L.P., Evercore and Wells Fargo Securities, LLC acted as joint book-runners for the offering. Keefe Bruyette & Woods, Inc. and Nomura Securities International, Inc. acted as co-managers for the offering. 

The underwriters have a 30-day option, which commenced November 6, 2014, to purchase up to an additional 1,005,000 shares of common stock from Triumph at the initial public offering price of $12.00 per share, less the underwriting discount to cover over-allotments, if any.

Headquartered in Dallas, Texas, Triumph Bancorp, Inc. is a financial holding company with a diversified line of community banking, specialty finance and asset management activities. Triumph conducts banking activities through its two wholly owned bank subsidiaries, Triumph Savings Bank, SSB and Triumph Community Bank, N.A. Its banking operations include a full suite of lending and deposit products and services focused on our local market areas, as well as commercial finance products include factoring, asset-based lending, equipment lending and healthcare lending products offered on a nationwide basis.

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