trending Market Intelligence /marketintelligence/en/news-insights/trending/edZarZMQ8I7BENZzrS5ISA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

TBK Bank SSB picking up assets of Dallas-based insurance agency

Blog

Q&A: Navigating Climate Risk as a Financial Risk

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally


TBK Bank SSB picking up assets of Dallas-based insurance agency

Dallas-basedTBK Bank SSB ($1.62 billion)is purchasing the assets of Dallas-based Southern Transportation Insurance Agency.

The asset purchase,subject to regulatory approval and set to close during the third quarter, will bemade through the bank's insurance unit, Triumph Insurance Group Inc.

The deal isset to boost Triumph Insurance Group's footprint and product offering for clientsin the transportation industry. Southern Transportation producers and staff willbecome Triumph Insurance Group employees once the transaction closes and will berelocated to Triumph's office, which is also in Dallas.

The transactionis not expected to have a material impact on the financial results for fiscal year2016 of Triumph Bancorp Inc.