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CNH Finance to acquire Triumph Healthcare Finance.

Global Banking News-March 21, 2018--CNH Finance to acquire Triumph Healthcare Finance

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Global Banking News - 21 March 2018

CNH Finance, L.p., a specialty finance company headquartered in Greenwich, Connecticut, has said that it has expanded its national commercial healthcare lending capabilities with the acquisition of Triumph Healthcare Finance, a division of TBK Bank, SSB, a subsidiary of Portland, Oregon-headquartered Triumph Bancorp Inc. (NASDAQ: TBK).

CNH Finance L.p. specialises in middle-market and lower-middle-market asset-based lending, providing clients with working capital up to USD20m. The Triumph Healthcare Finance healthcare team comprises Jennifer Sheasgreen, who has previously served as president of Triumph Healthcare Finance and will be named managing director and head of Healthcare Finance for CNH Finance, L.p. and Edward Kauffman, who previously served as SVP, national sales manager and will now hold the same role for CNH Finance L.p. The healthcare team will join the CNH Finance L.p. team, combining efforts to expand healthcare lending across the nation.

On completion of the acquisition, Triumph Healthcare Finance will be integrated into CNH Finance L.p., but will continue to be based out of Portland, Oregon.

A subsidiary of Triumph Bancorp Inc. (NASDAQ:TBK), TBK Bank, SSB is a Texas-state savings bank headquartered in Dallas, Texas. TBK Bank offers consumer and commercial banking products from 18 branches throughout Eastern Iowa and Illinois and 32 branches throughout Colorado and Western Kansas. TBK Bank also offers deposit products through its Dallas branch.

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Publication:Global Banking News (GBN)
Date:Mar 21, 2018
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