TBK Profile
Triumph Bancorp, Inc. (TBK) is a financial holding company that provides traditional banking services, as well as specialized lending and commercial finance products. The company operates through its subsidiary, TBK Bank, SSB, which offers a range of banking services to individuals and businesses in various industries.
TBK Bank, SSB offers deposit products, such as checking, savings, and money market accounts, as well as certificates of deposit. It also provides commercial and industrial loans, commercial real estate loans, construction loans, small business administration (SBA) loans, and consumer loans. In addition, the bank offers treasury management services, including remote deposit capture, online bill pay, wire transfer, ACH origination, and other cash management services.
Triumph Bancorp also operates Triumph Business Capital, a provider of factoring and asset-based lending services. Factoring is a financing arrangement in which a business sells its accounts receivable to a third party at a discount, providing the business with immediate cash. Asset-based lending involves providing loans secured by the borrower's assets, such as accounts receivable, inventory, and equipment.
In addition, Triumph Bancorp offers equipment finance and leasing services through Triumph Commercial Finance. This division provides lease financing for a variety of equipment, including transportation, construction, and manufacturing equipment.
The company was founded in 2006 and is headquartered in Dallas, Texas. Triumph Bancorp, Inc. is listed on the NASDAQ stock exchange under the ticker symbol TBK.
|
