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Triumph Bancorp Completes Acquistion of Doral Healthcare Finance

June 18, 2014, 07:02 AM
Filed Under: Industry News

Triumph Bancorp, Inc., through its subsidiary, THE National Bank, a full-service community bank, announced the completion of its previously announced acquisition of the lending platform and certain assets of Doral Healthcare Finance (“DHF”). 

In conjunction with the acquisition, Doral Healthcare Finance has been rebranded Triumph Healthcare Finance, effective immediately.  
Triumph Healthcare Finance will continue to serve as an asset based lender, focused exclusively in the healthcare industry. All members of the DHF team have joined the Triumph Healthcare Finance team. 

Triumph initially announced its agreement to acquire the asset based lender on May 15, 2014. The terms of the transaction are not being disclosed at this time.

Triumph Bancorp, Inc., based in Dallas, Texas, is a financial holding company with interests in community banking, commercial finance and investment management. Members of the Triumph Bancorp, Inc. group include Triumph Savings Bank, SSB, Triumph Commercial Finance, Triumph Capital Advisors, LLC, Triumph CRA Holdings, LLC, Advance Business Capital LLC and THE National Bank.

THE National Bank is a full-service community bank headquartered in Moline, Illinois. Additional branches are located in Bettendorf and Davenport, Iowa; Canton, Chadwick, East Moline, Elgin, Havana, Milan, Morrison, Mount Carroll, Rapids City, Savanna, Silvis and Sterling, Illinois. THE National Bank, member FDIC and Equal Housing Lender, offers personal checking accounts, savings accounts, CDs, money market, HSA, IRA and business accounts, as well as consumer, commercial and mortgage loans.

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