Triumph Bancorp, Inc. (“Triumph”), a financial holding company with interests in community banking, commercial finance and investment management, today announced a series of management assignments.
Dan Karas has been named Chief Lending Officer of Triumph’s Dallas-based banking subsidiary, Triumph Savings Bank, SSB, effective July 1, 2014. In this role, Karas will oversee Triumph’s lending operations.
Karas succeeds Davis Deadman, who has served as Chief Lending Officer of Triumph Savings Bank since 2012. Deadman also serves in the leadership function of Triumph Capital Advisors, Triumph’s investment management platform. Deadman will continue to serve in this role as well as remaining a member of Triumph’s loan committee.
Ray Sperring, who joined Triumph in 2012, will have expanded responsibilities in Triumph’s commercial real estate lending platform.
Aaron P. Graft, Chief Executive Officer remarked, “We are very excited to promote Dan to serve in the role of Chief Lending Officer. He has extensive experience in the development of commercial finance platforms and is well suited to bring that expertise to all areas of Triumph’s lending operations.”
Graft went on to say, “Since joining Triumph in 2012, Davis has been an integral part of the company, and we look forward to that continuing. We also look forward to Ray bringing his experience toTriumph’s commercial real estate lending platform.”
Karas joined Triumph in 2012 as Executive Vice President – Asset Based Lending for Triumph Commercial Finance with more than thirty years’ experience in all aspects of commercial finance. Prior to joining Triumph, Karas served as Executive Vice President and Managing Director of Marquette Business Credit, where he led Marquette’s general factoring business as well as marketing for its asset based lending platform. He previously served with GE Commercial Finance/Heller Financial as Managing Director of the Corporate Lending Group, then the Enterprise Client Group and finally Energy Financial Services. Karas is currently a member of the Commercial Finance Association Executive Committee and serves as chairperson of the organization’s Education Committee. He received his Bachelor of Science in Finance and Management from Temple University and his Master of Business Administration from the Stern School of Business at New York University.
Deadman joined Triumph as Executive Vice President and Chief Lending Officer of Triumph Savings Bank, SSB in 2012 with more than twenty years’ experience in credit and loan management. Before joining Triumph, Deadman served as a partner and Senior Portfolio Manager with Highland Capital Management, L.P. Deadman also served as Chief Executive Officer and President of NexBank. Previously, he served as an investment officer at Mutual Benefit Life. Deadman received a Bachelor of Business Administration from Texas A&M University and a Master of Business Administration in Finance, Cum Laude, from Southern Methodist University – Cox School of Business and is a Chartered Financial Analyst (CFA) Charter holder.
Sperring joined Triumph in 2012 as Executive Vice President and Chief Investment Officer. Prior to joining Triumph he served as partner and Chief Investment Officer for Trivest Residential LLC, a real estate investment firm. While at TriVest, he was directly responsible for over $850 million in capital transactions. Prior to TriVest, he was with the Archon Group, a subsidiary of Goldman Sachs. Sperring received his Bachelor of Arts in Finance and Management Information Systems from Baylor University and is a Chartered Financial Analyst (CFA) Charter holder.
About Triumph Bancorp, Inc.
Triumph Bancorp, Inc., based in Dallas, Texas, is a financial holding company with interests in community banking, commercial finance and investment management. Members of the Triumph Bancorp, Inc. group include Triumph Savings Bank, SSB, THE National Bank, Triumph Commercial Finance, LLC, Triumph Capital Advisors, LLC, Triumph CRA Holdings, LLC and Advance Business Capital LLC.
Forward-Looking Information
This press release may contain forward-looking statements within the meaning of the federal securities laws relating to the identified executive changes discussed herein. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. These forward-looking statements, which are based on current expectations, estimates and projections about the industry and markets in which Triumph Bancorp, Inc. operates and beliefs of and assumptions made by Triumph Bancorp, Inc. management, involve uncertainties that could significantly affect the financial results of Triumph Bancorp, Inc. For example, these forward-looking statements could be affected by factors including, without limitation, risks associated with the ability to retain key personnel, the ability to achieve targets for operating performance, and changes in financial markets and interest rates and exchange rates. Investors are cautioned that such statements are predictions and actual events or results may differ materially. Expected financial results or other plans are subject to a number of risks and uncertainties. Forward-looking statements speak only as of the date made and Triumph Bancorp, Inc. does not undertake any duty to update such information.
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