Triumph Insurance Group has acquired Dallas-based Southern Transportation Insurance Agency Ltd.
Triumph is a full service commercial insurance agency specializing in the transportation sector, and is a subsidiary of TBK Bank SSB. Triumph’s footprint and product offering for clients in the transportation industry expands with this acquisition. The producers and staff of Southern Transportation Insurance Agency are now employees of Triumph Insurance Group and work out of the Triumph office.
Stephen Trent, president of Southern Transportation Insurance Agency will continue in his role as key thought leader, client advocate, and team builder within Triumph Insurance Group.
TBK Bank, SSB, a subsidiary of Triumph Bancorp Inc., is a Texas-state savings bank headquartered in Dallas.
This acquisition is not expected to have a material impact on the financial results of Triumph Bancorp Inc. for the 2016 fiscal year.
Source: TBK Bank SSB
Topics Mergers & Acquisitions
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