The Bank Slate


Triumph in Dallas designates 15 branches as held for sale

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.

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