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Triumph Bancorp closes offering of subordinated notes
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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.