DALLAS, June 16, 2020 (GLOBE NEWSWIRE) -- Triumph Bancorp, Inc. (Nasdaq: TBK) announced today that it has commenced an underwritten public offering of depositary shares, each of which represents a 1/40th interest in a share of its Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock, $1,000 liquidation preference per share. The Company intends to grant the underwriters an option, exercisable in whole or in part for 30 days, to purchase additional depositary shares. The proposed offering is subject to pricing, which has not occurred.

B. Riley FBR, D.A. Davidson & Co., Janney Montgomery Scott and Oppenheimer & Co. are serving as joint book-running managers for the offering. Ladenburg Thalmann is serving as lead manager for the offering and William Blair & Company, Incapital, Boenning & Scattergood and Wedbush Securities are serving as co-managers for the offering.

The Company intends to use the net proceeds of the Offering for general corporate purposes, which may include working capital and the funding of organic growth or potential acquisitions.

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, national lending, and commercial finance products. 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, New Mexico, Iowa and Illinois. We also serve a national client base with factoring, equipment lending and asset based lending through Triumph Commercial Finance, discount factoring through Advance Business Capital LLC, d/b/a Triumph Business Capital, insurance through Triumph Insurance Group, Inc., and carrier and vendor payment solutions through TriumphPay.