Dallas-basedTriumph Bancorp Inc.closed its public offering of $50 million aggregate principal amount of its fixed-to-floatingrate subordinated notes due 2026 on Sept. 30.
Netproceeds will be used for general corporate purposes, potential strategicacquisitions and investments in unit TBK Bank SSB as regulatory capital.
SandlerO'Neill & Partners LP acted as sole book-running manager and FIG PartnersLLC served as co-manager for the offering.