Triumph Bancorp in Dallas has designated 15 branches in rural markets, along with some factored receivables, for eventual sale.
The $6.1 billion-asset company said in a press release that the branches are located in eastern Colorado and western Kansas. Triumph said $159.2 million of loans and $367.3 million of deposits were also designated as held-for-sale on its balance sheet.
About $80.8 million of non-transportation factored receivables, along with $10.4 million of related customer reserves, were given held-for-sale status.
Triumph said the moves had no impact on its earnings beyond the reversal of the loan-loss allowance tied to the receivables and loans.