Triumph Bancorp prices IPO at $12, below the range

Triumph Bancorp, a bank with 20 branches in IL, IA and TX and $1.4 billion in assets, raised $80 million by offering 6.7 million shares at $12, below the range of $14 to $16. Triumph Bancorp plans to list on the NASDAQ under the symbol TBK. Triumph Bancorp initially filed confidentially on 8/8/2014. Sandler O'Neill, Evercore Partners and Wells Fargo Securities acted as lead managers on the deal.