TBK - Triumph Bancorp: A New 7.125% Preferred Stock IPO From This Small Texas Bank

Introduction

In terms of the US regional banks, we are in a real boom after the COVID-19 crisis, as from a total of 18 preferred stocks issued since May, 12 are offered by a regional bank. In this article, we will present the newest fixed-rate Preferred Stock IPO, issued by the Texas-based Triumph Bancorp, Inc. (TBK).

The New Issue

Before we submerge into our brief analysis, here is a link to the 424B5 Filing by Triumph Bancorp, Inc. - the prospectus.

Source: SEC.gov

For a total of 1.8M shares issued, the total

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