Triumph Bancorp (TBK) IPO Trades Modestly Higher

Today's IPO for Triumph Bancorp (NASDAQ: TBK) opened for trading earlier at $12.18 after pricing 6,700,000 shares of common stock at a price of $12 per share. Shares have continued higher to $12.50, or up 4.2%.

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

Headquartered in Dallas, Texas, Triumph Bancorp, Inc. is a financial holding company with a diversified line of community banking, commercial finance and asset management activities. We serve our local communities through our two wholly owned bank subsidiaries, Triumph Savings Bank, SSB and Triumph Community Bank, N.A. These operations include a full suite of lending and depository products and services focused on meeting the needs of our customers in our community banking markets. We serve a broad national customer base through our commercial finance brands, which include discount factoring through Triumph Business Capital, equipment lending and general asset based lending through Triumph Commercial Finance, healthcare asset based lending through Triumph Healthcare Finance, and commercial insurance through Triumph Insurance Group. We offer institutional asset management services through Triumph Capital Advisors.

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