Triumph Bancorp Rebrands to Triumph Financial
01 Dicembre 2022 - 10:07PM
Triumph Bancorp, Inc. today announced the completion of an
extensive rebranding effort, including a change of the company name
to Triumph Financial, Inc. (the “Company” or “Triumph Financial”).
Prior to the market open on Dec. 2, 2022, the Company’s common
stock will begin trading on NASDAQ under the ticker symbol “TFIN.”
This will replace the Company's current ticker symbol for its
common stock “TBK,” which has been used since its initial public
offering in November 2014.
In addition to the Triumph Financial rebranding, the brands
Triumph Business Capital, Triumph Insurance Group and Triumph
Commercial Finance have consolidated factoring, insurance and
banking services for the transportation industry to go to market as
a single brand – Triumph.
“The new Triumph Financial name and logo reflect our evolution
from a bank holding company to a financial and technology company
focused on payments, factoring and banking,” said Aaron P. Graft,
vice chairman and chief executive officer of Triumph Financial.
“The Triumph brand consolidation is much more than a name change
and logo update. It reinforces our commitment to providing the
transportation industry with access to the tools and services they
need to grow their businesses.”
“As we look to the future of transportation, we want to make our
total service offering as explicit as possible – that Triumph can
support and serve growth-minded transportation companies of all
sizes or years in business, and in ways that go beyond faster
financing,” said Geoff Brenner, president of the Triumph factoring
division. “This brand consolidation demonstrates our commitment to
being a more holistic financial partner to the companies we serve.
We are uniquely positioned to deliver additional value through a
combined offering of invoice factoring, fuel discount programs,
truck and cargo insurance, and access to equipment finance, banking
and treasury management services. The newly formed Triumph enables
us to deliver that stronger message to our current clients and the
business we believe we are in a better position to now earn.”
In addition, the Company’s depositary shares, each representing
a 1/40th interest in a share of the Company’s 7.125% Series C
Fixed-Rate Non-Cumulative Perpetual Preferred Stock, will begin
trading on the Nasdaq under the ticker symbol “TFINP” prior to
market open on Dec. 2, 2022. This will replace the Company’s
current ticker symbol for such depositary shares, “TBKCP,” which
has been used since the issuance of such depositary shares in June
2020.
No action by the Company's shareholders is required with respect
to either ticker symbol change. The Company's common stock and
Series C Preferred depositary shares will continue to be listed on
the Nasdaq, and the respective CUSIP numbers will remain
unchanged.
Triumph Financial and the consolidated Triumph brand are
accompanied by new visual identities and websites that will
relaunch this month (www.tfin.com and www.invoicefactoring.com).
These rebranding efforts culminated in an eventful year for Triumph
Financial, which also saw the addition of its internal tech-lab
TriumphX and the launch of TriumphPay’s payments network and
brand.
About Triumph Financial
Triumph Financial, Inc. (Nasdaq: TFIN) is a financial holding
company focused on payments, factoring and banking. Headquartered
in Dallas, Texas, its diversified portfolio of brands includes
TriumphPay, Triumph and TBK Bank.
About Triumph
Triumph is a leading provider of cash flow management services
for the trucking industry. Triumph provides a unified product
offering that includes invoice factoring, fuel discount programs,
truck and cargo insurance and access to equipment finance, banking
and treasury services.
Factoring products and services offered by Triumph Financial
Services LLC, a subsidiary of TBK Bank, SSB, DBA Triumph. Insurance
products and services offered through Triumph Insurance Group,
Inc., a subsidiary of TBK Bank, SSB DBA Triumph. Triumph Insurance
Group, Inc., DBA in CA Triumph Risk and Insurance Solutions, All
Rights Reserved.| TX License #1941647 | Insurance Products and
Services offered through Triumph Insurance Group, Inc. are NOT A
DEPOSIT, NOT FDIC INSURED, NOT GUARANTEED BY THE BANK, NOT INSURED
BY ANY FEDERAL GOVERNMENT AGENCY AND MAY GO DOWN IN VALUE.
Equipment Finance and Asset Based Lending products and services
offered by TBK Bank, SSB. Banking products and services offered by
TBK Bank, SSB. Member FDIC.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. Investors are cautioned
that such statements are predictions and that actual events or
results may differ materially. Triumph Financial's expected
financial results or other plans are subject to a number of risks
and uncertainties. For a discussion of such risks and
uncertainties, which could cause actual results to differ from
those contained in the forward-looking statements, see "Risk
Factors" and the forward-looking statement disclosure contained in
the Company's Annual Report on Form 10-K, filed with the Securities
and Exchange Commission on February 14, 2022. Forward-looking
statements speak only as of the date made, and Triumph Financial
undertakes no duty to update the information.
Source: Triumph Financial, Inc.
Investor RelationsLuke WyseSVP, Finance &
Investor Relationslwyse@tbkbank.com | 214-365-6936
MediaAmanda TavackoliSVP, Director of Corporate
Communicationatavackoli@tbkbank.com | 214-365-6930
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