DALLAS, June 04, 2018 (GLOBE NEWSWIRE) -- Triumph Bancorp, Inc. (NASDAQ:TBK) today announced the closing of the acquisition of the transportation factoring assets of Interstate Capital Corporation by Advance Business Capital d/b/a Triumph Business Capital.

Triumph Business Capital is a wholly owned subsidiary of TBK Bank, SSB, which is a wholly owned subsidiary of Triumph Bancorp.

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

Triumph initially announced its agreement to acquire the transportation factoring assets of Interstate Capital Corporation on April 9, 2018.

ABOUT TRIUMPH BANCORP, INC.

Triumph Bancorp, Inc. (NASDAQ:TBK) is a financial holding company headquartered in Dallas, Texas, with a diversified line of community banking and commercial finance activities. Our bank subsidiary, TBK Bank, SSB, is a Texas-state savings bank offering commercial and consumer banking products focused on meeting client needs in Texas, Colorado, Kansas, Iowa and Illinois. We also serve a national client base through our Triumph Commercial Finance division, which offers factoring, equipment lending, asset based lending, and premium finance solutions for independent insurance agents. We offer discount factoring through Advance Business Capital LLC, d/b/a Triumph Business Capital and insurance through Triumph Insurance Group, Inc.