MOLINE, Ill., Sept. 22, 2015 (GLOBE NEWSWIRE) -- Triumph Community Bank, N.A. today announced the launch of Triumph Premium Finance (www.triumphpf.com), a division that will serve independent insurance agents and their insureds with commercial insurance premium financing.
Triumph Premium Finance partners with independent insurance agents, providing short term loans to their insureds, which allow them to spread their premium payments for property and casualty insurance out over time.
"We believe that entering the premium finance market represents a smart and logical fit for our business model as we continue our path of building new initiatives for our organization," said John DeDoncker, President of Triumph Community Bank, N.A. "Capitalizing on our financial strength and mix of business, we intend to build a strong financial arm which will allow our customers to more easily afford their insurance payments."
Triumph Premium Finance will have a national sales force and will work with independent insurance agents nationwide.
ABOUT TRIUMPH COMMUNITY BANK
Triumph Community Bank, N.A. is a member of Triumph Bancorp, Inc. (Nasdaq:TBK), a financial holding company with a diversified line of community banking, commercial finance and asset management activities. Triumph Community Bank, N.A. is a full service community bank headquartered in Moline, Illinois. Additional branches are located in Bettendorf and Davenport, Iowa; Canton, Chadwick, East Moline, Elgin, Havana, Milan, Moline, Morrison, Mt. Carroll, Rapids City, Savanna, Silvis, and Sterling, Illinois. Member FDIC. www.bankwithtriumph.com