Triumph Appoints Tim Valdez President of Factoring Division
13 Dezembro 2022 - 6:07PM
Triumph, a member of the Triumph Financial, Inc. (Nasdaq: TFIN)
portfolio of brands and a leading provider of working capital
financing solutions to the transportation industry, announced today
the appointment of Tim Valdez as president of its factoring
division. In this new role, Valdez will now oversee the strategic
direction of Triumph’s factoring vertical.
Prior to this promotion, Valdez served as senior vice president
for TriumphPay. TriumphPay providers audit and payment services to
the transportation factoring industry, including to Triumph.
“We’re excited to welcome Tim into his new position,” said Aaron
P. Graft, vice chairman and chief executive officer of Triumph
Financial. “Factoring provides the gateway for entrepreneurs to
fulfill the American dream of starting and building a business. Our
goal is for Triumph to thrive as a factoring company and for the
entire transportation factoring industry to thrive. This is why we
built TriumphPay, which is where Tim has spent the last year. His
experience there, plus decades in the factoring industry, makes him
the ideal leader for Triumph and an ambassador for the entire
transportation factoring industry.”
Prior to joining TriumphPay last year, Valdez worked at WEX
Fleet One Factoring, where he managed the daily operations of its
transportation factoring portfolio. He joined WEX in 2019 when the
company acquired Pavestone Capital, a factoring company co-founded
by Valdez that served small and middle-market transportation and
other non-transportation industries. Prior to founding Pavestone
Capital in 2012, Mr. Valdez served as the chief lending officer for
Transportation Alliance Bank.
"I am honored to accept this new role within Triumph, and to
help lead a talented and experienced team dedicated to serving the
transportation industry,” Valdez said. “Triumph is widely known and
respected as an industry leader and innovator. We will work to
demonstrate our commitment to improving the financial lives of the
companies we serve and the team members who share their talents
with us.”
The company recently completed a brand consolidation of Triumph
Business Capital, Triumph Insurance Group and Triumph Commercial
Finance, allowing its factoring, insurance and banking services for
the transportation industry to go to market as the single brand –
Triumph.
As such, Wess Peterson continues as president of Triumph’s
insurance division and Todd Ritterbusch as president of TBK Bank,
which includes the equipment finance and asset based lending
divisions.
You can read more about the rebrand announcement
here: https://www.tfin.com/news-releases/news-release-details/triumph-bancorp-rebrands-triumph-financial
About Triumph
Triumph is a leading provider of cash flow management services
for the trucking industry. Triumph provides a unified product
offering that includes invoice factoring, fuel discount programs,
truck and cargo insurance and access to equipment finance, banking
and treasury services.
Triumph is a member of the Triumph Financial, Inc. (Nasdaq:
TFIN) portfolio of brands. Factoring products and services offered
by Triumph Financial Services LLC, a subsidiary of TBK Bank, SSB,
DBA Triumph. Insurance products and services offered through
Triumph Insurance Group, Inc., a subsidiary of TBK Bank, SSB DBA
Triumph. Triumph Insurance Group, Inc., DBA in CA Triumph Risk and
Insurance Solutions, All Rights Reserved. | TX License #1941647 |
Insurance Products and Services offered through Triumph Insurance
Group, Inc. are NOT A DEPOSIT, NOT FDIC INSURED, NOT GUARANTEED BY
THE BANK, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY AND MAY GO
DOWN IN VALUE. Equipment Finance and Asset Based Lending products
and services offered by TBK Bank, SSB. Banking products and
services offered by TBK Bank, SSB. Member FDIC.
About Triumph Financial
Triumph Financial, Inc. (Nasdaq: TFIN) is a financial holding
company focused on payments, factoring and banking. Headquartered
in Dallas, Texas, its diversified portfolio of brands includes
TriumphPay, Triumph and TBK Bank. www.tfin.com
Forward-looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. Investors are cautioned
that such states are predictions and that actual events or results
may differ materially. Triumph Financial’s expected financial
results or other plans are subject to a number of risks and
uncertainties. For a discussion of such risks and uncertainties,
which would cause actual results to differ from those contained in
the forward-looking statements, see "Risk Factors" and the
forward-looking statement disclosure included in the company's
Annual Report on Form 10-K, filed with the Securities and Exchange
Commission on February 14, 2022. Forward-looking statements speak
only as of the date made, and Triumph Bancorp undertakes no duty to
update the information.
Investor RelationsLuke WyseSVP, Finance &
Investor Relationslwyse@tbkbank.com214-365-6936
MediaAmanda TavackoliSVP, Director of Corporate
Communicationatavackoli@tbkbank.com214-365-6930
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