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Triumph closes purchase of Interstate Capital's transportation factoring assets

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Triumph closes purchase of Interstate Capital's transportation factoring assets

Triumph Bancorp Inc. announced that Advance Business Capital LLC d/b/a Triumph Business Capital closed the acquisition of the transportation factoring assets of Interstate Capital Corp.

The acquired assets include all of the accounts receivable and transportation factoring assets and operations of Interstate Capital and certain of its affiliates. Following the closing, the acquired operations will continue to be conducted under the Interstate Capital brand name.

Triumph Business Capital is a unit of Triumph Bancorp's TBK Bank SSB unit.