Frontier Airlines has officially upped its offering at General Mitchell International Airport in Milwaukee with two new flights and a return of a third previously in the rotation. Beginning Monday, Mitchell International passengers will now have the opportunity to fly Denver-based Frontier Airlines direct to Austin, Texas; Raleigh-Durham, N.C.; and Philadelphia, the last of which is a previous destination that Frontier has restored to its rotation. Frontier, which ranked fourth in passenger traffic…
Reported by bizjournals 31 minutes ago.
Frontier adds Austin, Raleigh/Durham routes, resumes Philly service at Mitchell
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Rankin County Hospital District Launches Cerner Electronic Health Record
RANKIN, Texas, April 09, 2018 (GLOBE NEWSWIRE) -- Rankin County Hospital District (RCHD) has implemented an integrated electronic health record (EHR) with Cerner, a global leader in health care technology, to support improved patient and clinician experiences. The Cerner Millennium^®EHR provides the hospital with sophisticated health care technology that will support RCHD doctors, nurses and staff as they work to streamline operations and improve patient care.“With total buy-in from physicians and staff combined with strong support from administration and our board of directors, we are beyond excited to begin using Cerner’s technology to further our mission,” said Jim Horton, CEO, RCHD. “RCHD’s strong and productive relationship with Cerner staff resulted in an incredibly smooth go-live that will lead to our patients and community seeing the benefits that sophisticated health care solutions can have on individual well-being and community health.”
“One place we noticed an immediate impact was in our daily revenue cycle meetings,” said Horton. “We are now able to reconcile the previous day’s revenue very accurately and our meetings are getting shorter and shorter, freeing us up to handle other parts of our operations.”
RCHD’s new EHR is deployed through the Cerner CommunityWorks℠ model that leverages cloud technology to deliver the power of Cerner Millennium, tailored to support the unique needs of community, critical access and specialty hospitals. CommunityWorks will support RCHD’s 15-bed critical access hospital as it provides comprehensive care to the Rankin community through its emergency services, family practice medical clinic, outpatient lab, acute care and more.
“With an integrated EHR now in use by RCHD clinicians, they will be able to promote the health and wellness of the Rankin community in new and exciting ways,” said Mitchell Clark, president, CommunityWorks, senior vice president, Cerner. “RCHD has seen some great early successes since their implementation and we cannot wait to see how they will use the unified system to improve the health of the people they serve.”
RCHD staff will now be able to view a digital record of their patients’ health history, including clinical and financial data. Doctors and nurses will have a more complete, near real-time view of an individual’s heath to support improved health outcomes for the community. Cerner Millennium will also support improved patient engagement. Through the new online patient portal, people will be able to securely message doctors, schedule appointments, view and settle balances and access their health history.
“The implementation of an integrated EHR is an excellent first step in RCHD’s journey to improve care and streamline the patient experience,” said Zane Burke, president, Cerner. “RCHD has the tools to continue to provide high-quality services and support to patients and the entire community, as well as encourage people to take an active role in their health.”
*About Rankin County Hospital District*
Located in Rankin, Texas, RCHD provides services designed to meet the health and wellness needs of a unique, West Texas community. The state-of-the-art facility, paired with a highly trained staff, allows for consistent quality and a superior patient experience.
*About Cerner*
Cerner’s health technologies connect people and information systems at more than 27,000 contracted provider facilities worldwide dedicated to creating smarter and better care for individuals and communities. Recognized globally for innovation, Cerner assists clinicians in making care decisions and assists organizations in managing the health of their populations. The company also offers an integrated clinical and financial system to help manage day-to-day revenue functions, as well as a wide range of services to support clinical, financial and operational needs, focused on people. For more information, visit Cerner.com, The Cerner Blog or connect on Facebook, Instagram, LinkedIn, Twitter or The Cerner Podcast. Nasdaq: CERN. *Smarter Care. Better Outcomes. Healthier You.*
*Media Contact:
*Rankin County Hospital District
Corey Owens, M.Ed., Marketing & Community Relations, cowens@rankincountyhospital.org
Cerner
Austin Cozzolino, Public Relations, (816) 786-2154, austin.cozzolino@cerner.com Reported by GlobeNewswire 32 minutes ago.
“One place we noticed an immediate impact was in our daily revenue cycle meetings,” said Horton. “We are now able to reconcile the previous day’s revenue very accurately and our meetings are getting shorter and shorter, freeing us up to handle other parts of our operations.”
RCHD’s new EHR is deployed through the Cerner CommunityWorks℠ model that leverages cloud technology to deliver the power of Cerner Millennium, tailored to support the unique needs of community, critical access and specialty hospitals. CommunityWorks will support RCHD’s 15-bed critical access hospital as it provides comprehensive care to the Rankin community through its emergency services, family practice medical clinic, outpatient lab, acute care and more.
“With an integrated EHR now in use by RCHD clinicians, they will be able to promote the health and wellness of the Rankin community in new and exciting ways,” said Mitchell Clark, president, CommunityWorks, senior vice president, Cerner. “RCHD has seen some great early successes since their implementation and we cannot wait to see how they will use the unified system to improve the health of the people they serve.”
RCHD staff will now be able to view a digital record of their patients’ health history, including clinical and financial data. Doctors and nurses will have a more complete, near real-time view of an individual’s heath to support improved health outcomes for the community. Cerner Millennium will also support improved patient engagement. Through the new online patient portal, people will be able to securely message doctors, schedule appointments, view and settle balances and access their health history.
“The implementation of an integrated EHR is an excellent first step in RCHD’s journey to improve care and streamline the patient experience,” said Zane Burke, president, Cerner. “RCHD has the tools to continue to provide high-quality services and support to patients and the entire community, as well as encourage people to take an active role in their health.”
*About Rankin County Hospital District*
Located in Rankin, Texas, RCHD provides services designed to meet the health and wellness needs of a unique, West Texas community. The state-of-the-art facility, paired with a highly trained staff, allows for consistent quality and a superior patient experience.
*About Cerner*
Cerner’s health technologies connect people and information systems at more than 27,000 contracted provider facilities worldwide dedicated to creating smarter and better care for individuals and communities. Recognized globally for innovation, Cerner assists clinicians in making care decisions and assists organizations in managing the health of their populations. The company also offers an integrated clinical and financial system to help manage day-to-day revenue functions, as well as a wide range of services to support clinical, financial and operational needs, focused on people. For more information, visit Cerner.com, The Cerner Blog or connect on Facebook, Instagram, LinkedIn, Twitter or The Cerner Podcast. Nasdaq: CERN. *Smarter Care. Better Outcomes. Healthier You.*
*Media Contact:
*Rankin County Hospital District
Corey Owens, M.Ed., Marketing & Community Relations, cowens@rankincountyhospital.org
Cerner
Austin Cozzolino, Public Relations, (816) 786-2154, austin.cozzolino@cerner.com Reported by GlobeNewswire 32 minutes ago.
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Olivia J. Garland, Ph.D. & Lilli Correll Of Optum To Open The 2018 I/DD Executive Summit
Gettysburg, PA, April 09, 2018 (GLOBE NEWSWIRE) -- OPEN MINDS and CapGrow Partners (CapGrow) are pleased to announce that Olivia J. Garland, Ph.D., Vice President State Consulting & Solutions Architecture for Individuals with Intellectual & Developmental Disabilities, with Optum Government Solutions and Lilli Correll, Vice President, Product Development & Solution Design, with Optum Behavioral Health will open the 2018 I/DD Executive Summit. Their opening plenary address, “Managed Care & The I/DD Population: The Health Plan Perspective On The Strategic Challenges & Partnership Opportunities In A New Market,” will take place on June 4, 2018, at the Sheraton New Orleans, in New Orleans.
“As state Medicaid plans expand their use of managed care delivery systems and managed care financing, consumers with intellectual and developmental disabilities are increasingly included in these initiatives. We are thrilled to have two well-respected thought leaders in this very important area – Olivia Garland and Lilli Correll – as the keynote speakers for our 2018 summit,” said OPEN MINDS Chief Executive Officer, Monica E. Oss. “They will discuss the challenge to and opportunities for improved consumer services in emerging approaches to managed care. Their insights on the changing landscape are critical to the professional and organizations concerned with this consumer population.”
Dr. Garland has over 35 years of health care experience in both the public and private sectors. She joined Optum, a UnitedHealth Group company, in January 2014 and currently serves as a Vice President State Consulting and Solutions Architecture for Individuals with Intellectual & Developmental Disabilities. Dr. Garland is responsible for launching a program designed to serve individuals with intellectual and developmental disabilities and developing the business requirements necessary to address states’ challenges in supporting people with I/DD. Before joining Optum, she served as Deputy Commissioner for the Virginia Department of Behavioral Health and Developmental Services (DBHDS), and led the planning team tasked with the closure of training centers for people with I/DD, and was responsible for the unit that licensed local I/DD provider organizations.
Ms. Correll serves as the Vice President of Product Development and Solution Design at Optum for public sector businesses, including Medicaid, Medicare Advantage, and Veterans benefit programs. She is responsible for overseeing all behavioral health and intellectual and developmental disorders solution design and product development for our public sector lines of business. Prior to joining Optum, Lilli held various leadership positions with Centene/Cenpatico related to Medicaid for both behavioral and physical health. She managed the behavioral health, physical, occupational and speech therapy operations, served as the network manager for behavioral health in Texas, and provided direct oversight to the Credentialing department to ensure timely and accurate credentialing of new providers.
The I/DD Executive Summit is the only national event designed for executives leading organizations that serve individuals with intellectual/developmental disabilities and who focus on strategies to succeed in a changing market. The OPEN MINDS & CapGrow teams will bring executive participants the tools they need to build sustainable organizations in a market moving towards a new value equation.
The 2018 I/DD Executive Summit is designed as an information-rich experience with market intelligence updates from the perspectives of national thought leaders in the I/DD field. The opening keynote session will be followed by an interactive discussion session focused on the future of financing in the I/DD marketplace, “Finding A Competitive Advantage Through Strategic Financing: How Private Equity, Strategic Partnerships, & Mergers & Acquisitions Can Propel Your Operations To New Heights.” There will also be a panel discussion on the shift to Medicaid managed care for the I/DD population, “The Shifting I/DD Marketplace: The Implications Of Moving From Fee-For-Service To Managed Care & Value-Based Reimbursement.” The event will close with a keynote session, “The I/DD Service Landscape: An Executive Briefing & Market Discussion,” from Monica E. Oss.
For a full list of sessions, speakers, and registration options, visit the summit website at idd.openminds.com.
For additional questions and inquiries, please contact Sarah Threnhauser, Executive Vice President, OPEN MINDSat 717-334-1329 or sthrenhauser@openminds.com.
To learn more about sponsorship opportunities for The 2018 I/DD Summit – Presented By OPEN MINDS & CapGrow Partners, contact Tim Snyder, Executive Vice President, OPEN MINDS at 717-334-1329 or tsnyder@openminds.com.
About CapGrow Partners
CapGrow Partners (CapGrow) offers unparalleled experience and resources in providing safe, secure and appropriate housing for individuals in need of support services. CapGrow’s tailored lease programs are designed to enhance provider operations while at the same time advancing financial objectives. The Company’s committed, responsive and experienced team is different from other organizations in that they come from a background that directly supports their work, and the work of their partners. In fact, there is no other company today that can match the combination of experience and resources they offer. CapGrow was recognized as both one of the Nation’s and Chicago’s “Best and Brightest Companies To Work For” in 2017. To learn more about CapGrow Partners please call 773-327-7691 or visit, www.capgrowpartners.com.
ABOUT OPEN MINDS
OPEN MINDS is a national market intelligence and strategic advisory firm focused on the sectors of the health and human service field serving consumers with chronic conditions and complex support needs. Founded in 1987 and based in Gettysburg, Pennsylvania, the 175+ associates provide market insights and innovative management solutions designed to improve operational and strategic performance. Learn more at www.openminds.com.
CONTACT: Tim Snyder
OPEN MINDS
7173341329
tsnyder@openminds.com Reported by GlobeNewswire 31 minutes ago.
“As state Medicaid plans expand their use of managed care delivery systems and managed care financing, consumers with intellectual and developmental disabilities are increasingly included in these initiatives. We are thrilled to have two well-respected thought leaders in this very important area – Olivia Garland and Lilli Correll – as the keynote speakers for our 2018 summit,” said OPEN MINDS Chief Executive Officer, Monica E. Oss. “They will discuss the challenge to and opportunities for improved consumer services in emerging approaches to managed care. Their insights on the changing landscape are critical to the professional and organizations concerned with this consumer population.”
Dr. Garland has over 35 years of health care experience in both the public and private sectors. She joined Optum, a UnitedHealth Group company, in January 2014 and currently serves as a Vice President State Consulting and Solutions Architecture for Individuals with Intellectual & Developmental Disabilities. Dr. Garland is responsible for launching a program designed to serve individuals with intellectual and developmental disabilities and developing the business requirements necessary to address states’ challenges in supporting people with I/DD. Before joining Optum, she served as Deputy Commissioner for the Virginia Department of Behavioral Health and Developmental Services (DBHDS), and led the planning team tasked with the closure of training centers for people with I/DD, and was responsible for the unit that licensed local I/DD provider organizations.
Ms. Correll serves as the Vice President of Product Development and Solution Design at Optum for public sector businesses, including Medicaid, Medicare Advantage, and Veterans benefit programs. She is responsible for overseeing all behavioral health and intellectual and developmental disorders solution design and product development for our public sector lines of business. Prior to joining Optum, Lilli held various leadership positions with Centene/Cenpatico related to Medicaid for both behavioral and physical health. She managed the behavioral health, physical, occupational and speech therapy operations, served as the network manager for behavioral health in Texas, and provided direct oversight to the Credentialing department to ensure timely and accurate credentialing of new providers.
The I/DD Executive Summit is the only national event designed for executives leading organizations that serve individuals with intellectual/developmental disabilities and who focus on strategies to succeed in a changing market. The OPEN MINDS & CapGrow teams will bring executive participants the tools they need to build sustainable organizations in a market moving towards a new value equation.
The 2018 I/DD Executive Summit is designed as an information-rich experience with market intelligence updates from the perspectives of national thought leaders in the I/DD field. The opening keynote session will be followed by an interactive discussion session focused on the future of financing in the I/DD marketplace, “Finding A Competitive Advantage Through Strategic Financing: How Private Equity, Strategic Partnerships, & Mergers & Acquisitions Can Propel Your Operations To New Heights.” There will also be a panel discussion on the shift to Medicaid managed care for the I/DD population, “The Shifting I/DD Marketplace: The Implications Of Moving From Fee-For-Service To Managed Care & Value-Based Reimbursement.” The event will close with a keynote session, “The I/DD Service Landscape: An Executive Briefing & Market Discussion,” from Monica E. Oss.
For a full list of sessions, speakers, and registration options, visit the summit website at idd.openminds.com.
For additional questions and inquiries, please contact Sarah Threnhauser, Executive Vice President, OPEN MINDSat 717-334-1329 or sthrenhauser@openminds.com.
To learn more about sponsorship opportunities for The 2018 I/DD Summit – Presented By OPEN MINDS & CapGrow Partners, contact Tim Snyder, Executive Vice President, OPEN MINDS at 717-334-1329 or tsnyder@openminds.com.
About CapGrow Partners
CapGrow Partners (CapGrow) offers unparalleled experience and resources in providing safe, secure and appropriate housing for individuals in need of support services. CapGrow’s tailored lease programs are designed to enhance provider operations while at the same time advancing financial objectives. The Company’s committed, responsive and experienced team is different from other organizations in that they come from a background that directly supports their work, and the work of their partners. In fact, there is no other company today that can match the combination of experience and resources they offer. CapGrow was recognized as both one of the Nation’s and Chicago’s “Best and Brightest Companies To Work For” in 2017. To learn more about CapGrow Partners please call 773-327-7691 or visit, www.capgrowpartners.com.
ABOUT OPEN MINDS
OPEN MINDS is a national market intelligence and strategic advisory firm focused on the sectors of the health and human service field serving consumers with chronic conditions and complex support needs. Founded in 1987 and based in Gettysburg, Pennsylvania, the 175+ associates provide market insights and innovative management solutions designed to improve operational and strategic performance. Learn more at www.openminds.com.
CONTACT: Tim Snyder
OPEN MINDS
7173341329
tsnyder@openminds.com Reported by GlobeNewswire 31 minutes ago.
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Triumph Bancorp to Acquire First Bancorp of Durango, Southern Colorado Corp. and Interstate Capital Corporation
DALLAS, April 09, 2018 (GLOBE NEWSWIRE) -- Triumph Bancorp, Inc. (NASDAQ:TBK) (the “Company”) announced today that it has signed definitive agreements to acquire First Bancorp of Durango, Inc. and Southern Colorado Corp. The company also announced the entry into an asset purchase agreement by Advance Business Capital d/b/a Triumph Business Capital (“Triumph Business Capital”) to acquire the transportation factoring assets of Interstate Capital Corporation (“Interstate Capital”).“Collectively, these acquisitions reflect our business strategy of pairing unique commercial finance asset generation with core deposit funding and are expected to generate strong financial results for the Company’s stakeholders,” said Aaron P. Graft, vice chairman and chief executive officer of Triumph Bancorp.
First Bancorp of Durango and Southern Colorado Corp Acquisitions
First Bancorp of Durango is a bank holding company with $646 million in total assets as of December 31, 2017. Its wholly-owned community banking subsidiary, The First National Bank of Durango, serves consumers and businesses from four branches in Durango, Colorado and one branch in Bayfield, Colorado. Its wholly-owned subsidiary, Bank of New Mexico, serves consumers and businesses from three branches in Albuquerque, Gallup and Grants, New Mexico.
Southern Colorado Corp. is a bank holding company with $88 million in total assets as of December 31, 2017. Its wholly-owned community banking subsidiary, Citizens Bank of Pagosa Springs, serves consumers and businesses from its two branches in Pagosa Springs, Colorado.
“We are really excited about the acquisitions of The First National Bank of Durango, Bank of New Mexico and Citizens Bank of Pagosa Springs,” said Graft. “As a result of these transactions, TBK Bank’s presence will be among the largest in the state of Colorado. The Bank of New Mexico acquisition also extends our market reach into New Mexico, which we hope to grow in the future. In all of our new markets, we are committed to serving our new customers with the excellence and personalized service to which they are accustomed.”
“We are pleased to have in TBK a partner as committed to community banking as we are,” said Mark Daigle, president and chief executive officer of The First National Bank of Durango. “It is evident that TBK Bank strongly supports the communities in which they operate. It is also evident that TBK Bank places a high value on all of its customer relationships and team members.”
“We believe partnering with TBK Bank will increase our ability to provide value and resources to the people, businesses and communities we serve,” said Clemente Sanchez, chairman, president and chief executive officer of Bank of New Mexico.
“As a part of TBK Bank, we will offer a wider range of products and services,” said James L. Smith, president and chief executive officer of Citizens Bank of Pagosa Springs. “TBK Bank has expressed a commitment to continue community lending in Pagosa Springs.”
Following the close of the transactions, The First National Bank of Durango, Bank of New Mexico and Citizens Bank of Pagosa Springs will be merged into the Company’s subsidiary bank, TBK Bank, SSB, with the resulting institution operating under the TBK Bank brand name.
These transactions have been unanimously approved by the Boards of Directors of Triumph Bancorp, First Bancorp of Durango and Southern Colorado Corp., and are subject to customary closing conditions, including receipt of required regulatory approvals. The transactions are expected to close during the third quarter of 2018.
Triumph Bancorp was advised in this transaction by Wachtell, Lipton, Rosen & Katz as legal counsel and Stephens Inc. and Evercore as financial advisors. Sullivan & Cromwell LLP acted as legal counsel and Hovde Group, LLC acted as financial adviser to First Bancorp of Durango and Southern Colorado Corp.
Interstate Capital Acquisition
Interstate Capital is one of North America’s leading invoice factoring companies with offices located in El Paso, Texas and Santa Teresa, New Mexico. Since 1993, Interstate Capital has focused on helping small and medium-sized businesses succeed and grow.
“Adding Interstate Capital’s team members, processes and business network to Triumph Business Capital creates one of, if not the, strongest transportation factoring platform in the United States,” said Graft. “We are proud to be associated with trucking, and this transaction specifically furthers our role in meeting the working capital needs of the small business owners who keep America moving forward.”
“The entire ICC team is very excited about becoming a part of the Triumph organization,” said Cliff Eisenberg, the chief executive officer of Interstate Capital Corporation. “This transaction will allow us to better meet the challenges of the future and take advantage of the many opportunities for servicing the financial needs of small and medium sized businesses. The combining of the resources of the two companies makes for a stronger enterprise – we are definitely stronger together. This is certainly a case where the whole has greater value than the pieces individually.”
Tony Furman, the president of Interstate Capital Corporation added, “Working alongside Cliff Eisenberg and Louis Cohen, our vice president, for 25 years has been the highlight of my career and a personal pleasure. Now, I look forward with eager anticipation, to the joining of our respective teams, and two storied companies, that are uniquely compatible.”
Upon close of the transaction, Interstate Capital will operate as Interstate Capital, a Triumph company. The staff of Interstate Capital will become employees of Triumph Business Capital immediately following the close of the acquisition.
This transaction has been unanimously approved by the Boards of Directors of Triumph Bancorp and Interstate Capital, and is subject to customary closing conditions, including required regulatory notices. The transaction is expected to close during the second quarter of 2018.
Triumph Bancorp was advised in this transaction by Wachtell, Lipton, Rosen & Katz as legal counsel. Kemp Smith LLC acted as legal counsel, and Hovde Group, LLC and Houlihan Lokey acted as financial adviser to Interstate Capital.
*About Triumph Bancorp, Inc.*
Triumph Bancorp, Inc. (NASDAQ:TBK) is a financial holding company headquartered in Dallas, Texas, with a diversified line of community banking and commercial finance activities. Our bank subsidiary, TBK Bank, SSB, is a Texas-state savings bank offering commercial and consumer banking products focused on meeting client needs in Texas, Colorado, Kansas, Iowa and Illinois. We also serve a national client base through our Triumph Commercial Finance division, which offers factoring, equipment lending, asset based lending, and premium finance solutions for independent insurance agents. We offer discount factoring through Advance Business Capital LLC, d/b/a Triumph Business Capital and insurance through Triumph Insurance Group, Inc.
*About First Bancorp of Durango, Inc. *
First Bancorp of Durango is a bank holding company with $646 million in total assets as of December 31, 2017. Its wholly-owned community banking subsidiary, The First National Bank of Durango, serves consumers and businesses from four branches in Durango, Colorado and one branch in Bayfield, Colorado. Its wholly-owned subsidiary, Bank of New Mexico, serves consumers and businesses from three branches in Albuquerque, Gallup and Grants, New Mexico.
*About Southern Colorado Corp. *
Southern Colorado Corp. is a bank holding company with $88 million in total assets as of December 31, 2017. Its wholly-owned community banking subsidiary, Citizens Bank of Pagosa Springs, serves consumers and businesses from its two branches in Pagosa Springs, Colorado.
*About Interstate Capital Corporation*
As one of North America's largest independently owned factoring companies, Interstate Capital helps small and medium-sized businesses increase their cash flow and reach their business growth goals through innovative accounts receivable financing. Founded in 1993 in Santa Teresa, New Mexico, Interstate Capital specializes in invoice factoring for the transportation, manufacturing/wholesale distribution, oil field service and staffing industries. Today, Interstate Capital employs nearly 150 professionals and has successfully funded over 10,000 transportation, manufacturing and service-based businesses. The company purchased over $1 billion dollars of invoices in 2017 from over 1,000 clients throughout North America. Learn more at https://www.interstatecapital.com.
*Forward-Looking Statements*
This press release may contain forward-looking statements. Any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions, or future events or performance are not historical facts and may be forward-looking. You can identify forward-looking statements by the use of forward-looking terminology such as “believes,” “expects,” “could,” “may,” “will,” “should,” “seeks,” “likely,” “intends,” “plans,” “pro forma,” “projects,” “estimates,” or “anticipates,” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Forward-looking statements involve numerous risks and uncertainties, and you should not rely on them as predictions of future events. Forward-looking statements depend on assumptions, data, or methods that may be incorrect or imprecise, and we may not be able to realize them. We do not guarantee that the transactions and events described will happen as described (or that they will happen at all). The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: risks relating to our ability to consummate the pending acquisitions of First Bancorp of Durango, Inc. and Southern Colorado Corp., and our pending acquisition of the operating assets of Interstate Capital Corporation and certain of its affiliates, including the possibility that the expected benefits related to the pending acquisitions may not materialize as expected; of the pending acquisitions not being timely completed, if completed at all; that prior to the completion of the pending acquisitions, the targets’ businesses could experience disruptions due to transaction-related uncertainty or other factors making it more difficult to maintain relationships with employees, customers, other business partners or governmental entities, difficulty retaining key employees; and of the parties’ being unable to successfully implement integration strategies or to achieve expected synergies and operating efficiencies within our management’s expected timeframes or at all; business and economic conditions generally and in the bank and non-bank financial services industries, nationally and within our local market area; our ability to mitigate our risk exposures; our ability to maintain our historical earnings trends; risks related to the integration of acquired businesses (including our pending acquisitions of First Bancorp of Durango, Inc. and Southern Colorado Corp., and our pending acquisition of the operating assets of Interstate Capital Corporation and certain of its affiliates, and our prior acquisitions of Valley Bancorp, Inc. and nine branches from Independent Bank in Colorado) and any future acquisitions; our ability to successfully identify and address the risks associated with our recent, pending and possible future acquisitions, and the risks that our prior and planned future acquisitions make it more difficult for investors to evaluate our business, financial condition and results of operations, and impairs our ability to accurately forecast our future performance; changes in management personnel; interest rate risk; concentration of our factoring services in the transportation industry; credit risk associated with our loan portfolio; lack of seasoning in our loan portfolio; deteriorating asset quality and higher loan charge-offs; time and effort necessary to resolve nonperforming assets; inaccuracy of the assumptions and estimates we make in establishing reserves for probable loan losses and other estimates; lack of liquidity; fluctuations in the fair value and liquidity of the securities we hold for sale; impairment of investment securities, goodwill, other intangible assets, or deferred tax assets; our risk management strategies; environmental liability associated with our lending activities; increased competition in the bank and non-bank financial services industries, nationally, regionally, or locally, which may adversely affect pricing and terms; the accuracy of our financial statements and related disclosures; material weaknesses in our internal control over financial reporting; system failures or failures to prevent breaches of our network security; the institution and outcome of litigation and other legal proceedings against us or to which we become subject; changes in carry-forwards of net operating losses; changes in federal tax law or policy; the impact of recent and future legislative and regulatory changes, including changes in banking, securities, and tax laws and regulations, such as the Dodd-Frank Wall Street Reform and Consumer Protection Act and their application by our regulators; governmental monetary and fiscal policies; changes in the scope and cost of the Federal Deposit Insurance Corporation insurance and other coverages; failure to receive regulatory approval for future acquisitions; and increases in our capital requirements.
While forward-looking statements reflect our good-faith beliefs, they are not guarantees of future performance. All forward-looking statements are necessarily only estimates of future results. Accordingly, actual results may differ materially from those expressed in or contemplated by the particular forward-looking statement, and, therefore, you are cautioned not to place undue reliance on such statements. Any forward-looking statement is qualified in its entirety by reference to the matters discussed in this press release. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law. For a further discussion of these and other factors that could impact our future results, performance, or transactions, see the section entitled “Risk Factors” in the most recent Annual Report on Form 10-K filed by us with the Securities and Exchange Commission.
*Triumph Investor Relations:*
Luke Wyse
Senior Vice President, Finance & Investor Relations
lwyse@tbkbank.com | 214-365-6936
*Triumph Media Contact:*
Amanda Tavackoli
Senior Vice President, Marketing & Communication
atavackoli@tbkbank.com | 214-365-6930
*Source*: Triumph Bancorp, Inc. Reported by GlobeNewswire 32 minutes ago.
First Bancorp of Durango and Southern Colorado Corp Acquisitions
First Bancorp of Durango is a bank holding company with $646 million in total assets as of December 31, 2017. Its wholly-owned community banking subsidiary, The First National Bank of Durango, serves consumers and businesses from four branches in Durango, Colorado and one branch in Bayfield, Colorado. Its wholly-owned subsidiary, Bank of New Mexico, serves consumers and businesses from three branches in Albuquerque, Gallup and Grants, New Mexico.
Southern Colorado Corp. is a bank holding company with $88 million in total assets as of December 31, 2017. Its wholly-owned community banking subsidiary, Citizens Bank of Pagosa Springs, serves consumers and businesses from its two branches in Pagosa Springs, Colorado.
“We are really excited about the acquisitions of The First National Bank of Durango, Bank of New Mexico and Citizens Bank of Pagosa Springs,” said Graft. “As a result of these transactions, TBK Bank’s presence will be among the largest in the state of Colorado. The Bank of New Mexico acquisition also extends our market reach into New Mexico, which we hope to grow in the future. In all of our new markets, we are committed to serving our new customers with the excellence and personalized service to which they are accustomed.”
“We are pleased to have in TBK a partner as committed to community banking as we are,” said Mark Daigle, president and chief executive officer of The First National Bank of Durango. “It is evident that TBK Bank strongly supports the communities in which they operate. It is also evident that TBK Bank places a high value on all of its customer relationships and team members.”
“We believe partnering with TBK Bank will increase our ability to provide value and resources to the people, businesses and communities we serve,” said Clemente Sanchez, chairman, president and chief executive officer of Bank of New Mexico.
“As a part of TBK Bank, we will offer a wider range of products and services,” said James L. Smith, president and chief executive officer of Citizens Bank of Pagosa Springs. “TBK Bank has expressed a commitment to continue community lending in Pagosa Springs.”
Following the close of the transactions, The First National Bank of Durango, Bank of New Mexico and Citizens Bank of Pagosa Springs will be merged into the Company’s subsidiary bank, TBK Bank, SSB, with the resulting institution operating under the TBK Bank brand name.
These transactions have been unanimously approved by the Boards of Directors of Triumph Bancorp, First Bancorp of Durango and Southern Colorado Corp., and are subject to customary closing conditions, including receipt of required regulatory approvals. The transactions are expected to close during the third quarter of 2018.
Triumph Bancorp was advised in this transaction by Wachtell, Lipton, Rosen & Katz as legal counsel and Stephens Inc. and Evercore as financial advisors. Sullivan & Cromwell LLP acted as legal counsel and Hovde Group, LLC acted as financial adviser to First Bancorp of Durango and Southern Colorado Corp.
Interstate Capital Acquisition
Interstate Capital is one of North America’s leading invoice factoring companies with offices located in El Paso, Texas and Santa Teresa, New Mexico. Since 1993, Interstate Capital has focused on helping small and medium-sized businesses succeed and grow.
“Adding Interstate Capital’s team members, processes and business network to Triumph Business Capital creates one of, if not the, strongest transportation factoring platform in the United States,” said Graft. “We are proud to be associated with trucking, and this transaction specifically furthers our role in meeting the working capital needs of the small business owners who keep America moving forward.”
“The entire ICC team is very excited about becoming a part of the Triumph organization,” said Cliff Eisenberg, the chief executive officer of Interstate Capital Corporation. “This transaction will allow us to better meet the challenges of the future and take advantage of the many opportunities for servicing the financial needs of small and medium sized businesses. The combining of the resources of the two companies makes for a stronger enterprise – we are definitely stronger together. This is certainly a case where the whole has greater value than the pieces individually.”
Tony Furman, the president of Interstate Capital Corporation added, “Working alongside Cliff Eisenberg and Louis Cohen, our vice president, for 25 years has been the highlight of my career and a personal pleasure. Now, I look forward with eager anticipation, to the joining of our respective teams, and two storied companies, that are uniquely compatible.”
Upon close of the transaction, Interstate Capital will operate as Interstate Capital, a Triumph company. The staff of Interstate Capital will become employees of Triumph Business Capital immediately following the close of the acquisition.
This transaction has been unanimously approved by the Boards of Directors of Triumph Bancorp and Interstate Capital, and is subject to customary closing conditions, including required regulatory notices. The transaction is expected to close during the second quarter of 2018.
Triumph Bancorp was advised in this transaction by Wachtell, Lipton, Rosen & Katz as legal counsel. Kemp Smith LLC acted as legal counsel, and Hovde Group, LLC and Houlihan Lokey acted as financial adviser to Interstate Capital.
*About Triumph Bancorp, Inc.*
Triumph Bancorp, Inc. (NASDAQ:TBK) is a financial holding company headquartered in Dallas, Texas, with a diversified line of community banking and commercial finance activities. Our bank subsidiary, TBK Bank, SSB, is a Texas-state savings bank offering commercial and consumer banking products focused on meeting client needs in Texas, Colorado, Kansas, Iowa and Illinois. We also serve a national client base through our Triumph Commercial Finance division, which offers factoring, equipment lending, asset based lending, and premium finance solutions for independent insurance agents. We offer discount factoring through Advance Business Capital LLC, d/b/a Triumph Business Capital and insurance through Triumph Insurance Group, Inc.
*About First Bancorp of Durango, Inc. *
First Bancorp of Durango is a bank holding company with $646 million in total assets as of December 31, 2017. Its wholly-owned community banking subsidiary, The First National Bank of Durango, serves consumers and businesses from four branches in Durango, Colorado and one branch in Bayfield, Colorado. Its wholly-owned subsidiary, Bank of New Mexico, serves consumers and businesses from three branches in Albuquerque, Gallup and Grants, New Mexico.
*About Southern Colorado Corp. *
Southern Colorado Corp. is a bank holding company with $88 million in total assets as of December 31, 2017. Its wholly-owned community banking subsidiary, Citizens Bank of Pagosa Springs, serves consumers and businesses from its two branches in Pagosa Springs, Colorado.
*About Interstate Capital Corporation*
As one of North America's largest independently owned factoring companies, Interstate Capital helps small and medium-sized businesses increase their cash flow and reach their business growth goals through innovative accounts receivable financing. Founded in 1993 in Santa Teresa, New Mexico, Interstate Capital specializes in invoice factoring for the transportation, manufacturing/wholesale distribution, oil field service and staffing industries. Today, Interstate Capital employs nearly 150 professionals and has successfully funded over 10,000 transportation, manufacturing and service-based businesses. The company purchased over $1 billion dollars of invoices in 2017 from over 1,000 clients throughout North America. Learn more at https://www.interstatecapital.com.
*Forward-Looking Statements*
This press release may contain forward-looking statements. Any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions, or future events or performance are not historical facts and may be forward-looking. You can identify forward-looking statements by the use of forward-looking terminology such as “believes,” “expects,” “could,” “may,” “will,” “should,” “seeks,” “likely,” “intends,” “plans,” “pro forma,” “projects,” “estimates,” or “anticipates,” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Forward-looking statements involve numerous risks and uncertainties, and you should not rely on them as predictions of future events. Forward-looking statements depend on assumptions, data, or methods that may be incorrect or imprecise, and we may not be able to realize them. We do not guarantee that the transactions and events described will happen as described (or that they will happen at all). The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: risks relating to our ability to consummate the pending acquisitions of First Bancorp of Durango, Inc. and Southern Colorado Corp., and our pending acquisition of the operating assets of Interstate Capital Corporation and certain of its affiliates, including the possibility that the expected benefits related to the pending acquisitions may not materialize as expected; of the pending acquisitions not being timely completed, if completed at all; that prior to the completion of the pending acquisitions, the targets’ businesses could experience disruptions due to transaction-related uncertainty or other factors making it more difficult to maintain relationships with employees, customers, other business partners or governmental entities, difficulty retaining key employees; and of the parties’ being unable to successfully implement integration strategies or to achieve expected synergies and operating efficiencies within our management’s expected timeframes or at all; business and economic conditions generally and in the bank and non-bank financial services industries, nationally and within our local market area; our ability to mitigate our risk exposures; our ability to maintain our historical earnings trends; risks related to the integration of acquired businesses (including our pending acquisitions of First Bancorp of Durango, Inc. and Southern Colorado Corp., and our pending acquisition of the operating assets of Interstate Capital Corporation and certain of its affiliates, and our prior acquisitions of Valley Bancorp, Inc. and nine branches from Independent Bank in Colorado) and any future acquisitions; our ability to successfully identify and address the risks associated with our recent, pending and possible future acquisitions, and the risks that our prior and planned future acquisitions make it more difficult for investors to evaluate our business, financial condition and results of operations, and impairs our ability to accurately forecast our future performance; changes in management personnel; interest rate risk; concentration of our factoring services in the transportation industry; credit risk associated with our loan portfolio; lack of seasoning in our loan portfolio; deteriorating asset quality and higher loan charge-offs; time and effort necessary to resolve nonperforming assets; inaccuracy of the assumptions and estimates we make in establishing reserves for probable loan losses and other estimates; lack of liquidity; fluctuations in the fair value and liquidity of the securities we hold for sale; impairment of investment securities, goodwill, other intangible assets, or deferred tax assets; our risk management strategies; environmental liability associated with our lending activities; increased competition in the bank and non-bank financial services industries, nationally, regionally, or locally, which may adversely affect pricing and terms; the accuracy of our financial statements and related disclosures; material weaknesses in our internal control over financial reporting; system failures or failures to prevent breaches of our network security; the institution and outcome of litigation and other legal proceedings against us or to which we become subject; changes in carry-forwards of net operating losses; changes in federal tax law or policy; the impact of recent and future legislative and regulatory changes, including changes in banking, securities, and tax laws and regulations, such as the Dodd-Frank Wall Street Reform and Consumer Protection Act and their application by our regulators; governmental monetary and fiscal policies; changes in the scope and cost of the Federal Deposit Insurance Corporation insurance and other coverages; failure to receive regulatory approval for future acquisitions; and increases in our capital requirements.
While forward-looking statements reflect our good-faith beliefs, they are not guarantees of future performance. All forward-looking statements are necessarily only estimates of future results. Accordingly, actual results may differ materially from those expressed in or contemplated by the particular forward-looking statement, and, therefore, you are cautioned not to place undue reliance on such statements. Any forward-looking statement is qualified in its entirety by reference to the matters discussed in this press release. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law. For a further discussion of these and other factors that could impact our future results, performance, or transactions, see the section entitled “Risk Factors” in the most recent Annual Report on Form 10-K filed by us with the Securities and Exchange Commission.
*Triumph Investor Relations:*
Luke Wyse
Senior Vice President, Finance & Investor Relations
lwyse@tbkbank.com | 214-365-6936
*Triumph Media Contact:*
Amanda Tavackoli
Senior Vice President, Marketing & Communication
atavackoli@tbkbank.com | 214-365-6930
*Source*: Triumph Bancorp, Inc. Reported by GlobeNewswire 32 minutes ago.
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Heartland Financial USA, Inc. Schedules First Quarter Earnings Conference Call for April 30, 2018
DUBUQUE, Iowa, April 09, 2018 (GLOBE NEWSWIRE) -- Officials of *Heartland Financial USA, Inc. *(NASDAQ:HTLF) announced today that the company plans to broadcast a conference call detailing its first quarter 2018 earnings live over the internet at www.htlf.com at 5:00 p.m. ET on Monday, April 30, 2018. Lynn B. Fuller, Chairman and Chief Executive Officer; Bruce K. Lee, President; and Bryan R. McKeag, Executive Vice President and Chief Financial Officer, will conduct the conference call. Financial results will be available on the company’s website on April 30, 2018, after the market closes. There will be a question-and-answer session following the presentation.Shareholders, analysts and other interested parties are invited to join the call. To listen to the live call, please dial 877-407-0782 at least five minutes before start time. To listen to the live webcast, please visit the company’s website, http://www.htlf.com, at least 15 minutes early to register, download and install any necessary audio software.
*About Heartland Financial USA, Inc. *
Heartland Financial USA, Inc. is a diversified financial services company with assets exceeding $9.8 billion. The company provides banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Heartland currently has 121 banking locations serving 88 communities in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas and California. Additional information about Heartland Financial USA, Inc. is available at www.htlf.com.
CONTACT: AT THE COMPANY:
Bryan R. McKeag
EVP and Chief Financial Officer
(563) 589-1994
bmckeag@htlf.com Reported by GlobeNewswire 32 minutes ago.
*About Heartland Financial USA, Inc. *
Heartland Financial USA, Inc. is a diversified financial services company with assets exceeding $9.8 billion. The company provides banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Heartland currently has 121 banking locations serving 88 communities in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas and California. Additional information about Heartland Financial USA, Inc. is available at www.htlf.com.
CONTACT: AT THE COMPANY:
Bryan R. McKeag
EVP and Chief Financial Officer
(563) 589-1994
bmckeag@htlf.com Reported by GlobeNewswire 32 minutes ago.
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Triumph Bancorp Announces Commencement of Common Stock Offering
DALLAS, April 09, 2018 (GLOBE NEWSWIRE) -- Triumph Bancorp, Inc. (NASDAQ:TBK) (the “Company”) announced today that it has commenced an underwritten public offering of shares of its common stock with a targeted transaction size of $175 million. The Company intends to grant the underwriters an option, exercisable in whole or in part for 30 days, to purchase additional shares of its common stock.Stephens Inc., Keefe, Bruyette and Woods, A Stifel Company and Sandler O’Neill + Partners, L.P. are serving as joint book-running managers for the offering. Wells Fargo Securities, D.A. Davidson & Co. and Piper Jaffray & Co. are serving as co-managers for the offering.
The Company intends to use a portion of the net proceeds of this offering to fund a portion of the consideration payable in the pending acquisitions of First Bancorp of Durango, Inc., Southern Colorado Corp. and Interstate Capital Corporation, as well as, for general corporate purposes.
The shares will be issued pursuant to an effective shelf registration statement (File No. 333-223411) the Company filed with the Securities and Exchange Commission (the “SEC”) which was declared effective on March 30, 2018, and only by means of a prospectus supplement and accompanying prospectus. A preliminary prospectus supplement has been filed with the SEC to which this communication relates. Prospective investors should read the preliminary prospectus supplement, the final prospectus supplement (when available) and the accompanying prospectus and other documents the Company has filed with the SEC for more complete information about the Company and the offering. Copies of these documents are available at no charge by visiting the SEC’s website at www.sec.gov. When available, copies of the preliminary prospectus supplement, the prospectus supplement and the accompanying prospectus related to the offering may be obtained by contacting Stephens Inc., 111 Center Street, Little Rock, Arkansas 72201, Attn: Prospectus Department, by emailing prospectus@stephens.com, by calling (501) 377-2131 or by faxing (501) 377-2404.
*No Offer or Solicitation*
This press release does not constitute an offer to sell, a solicitation of an offer to sell or the solicitation of an offer to buy any securities. There will be no sale of securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirement of Section 10 of the Securities Act of 1933, as amended.
*ABOUT TRIUMPH BANCORP, INC.*
Triumph Bancorp, Inc. (Nasdaq:TBK) is a financial holding company headquartered in Dallas, Texas. Triumph offers a diversified line of community banking and commercial finance products through its bank subsidiary, TBK Bank, SSB. www.triumphbancorp.com
*Forward-Looking Statements*
This press release may contain forward-looking statements. Any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions, or future events or performance are not historical facts and may be forward-looking. You can identify forward-looking statements by the use of forward-looking terminology such as “believes,” “expects,” “could,” “may,” “will,” “should,” “seeks,” “likely,” “intends,” “plans,” “pro forma,” “projects,” “estimates,” or “anticipates,” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Forward-looking statements involve numerous risks and uncertainties, and you should not rely on them as predictions of future events. Forward-looking statements depend on assumptions, data, or methods that may be incorrect or imprecise, and we may not be able to realize them. We do not guarantee that the transactions and events described will happen as described (or that they will happen at all). The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: our ability to consummate the offering; risks relating to our ability to consummate the pending acquisitions of First Bancorp of Durango, Inc. and Southern Colorado Corp., and our pending acquisition of the operating assets of Interstate Capital Corporation and certain of its affiliates, including the possibility that the expected benefits related to the pending acquisitions may not materialize as expected; of the pending acquisitions not being timely completed, if completed at all; that prior to the completion of the pending acquisitions, the targets’ businesses could experience disruptions due to transaction-related uncertainty or other factors making it more difficult to maintain relationships with employees, customers, other business partners or governmental entities, difficulty retaining key employees; and of the parties’ being unable to successfully implement integration strategies or to achieve expected synergies and operating efficiencies within our management’s expected timeframes or at all; business and economic conditions generally and in the bank and non-bank financial services industries, nationally and within our local market areas; our ability to mitigate our risk exposures; our ability to maintain our historical earnings trends; risks related to the integration of acquired businesses (including our pending acquisitions of First Bancorp of Durango, Inc. and Southern Colorado Corp., and our pending acquisition of the operating assets of Interstate Capital Corporation and certain of its affiliates, and our prior acquisitions of Valley Bancorp, Inc. and nine branches from Independent Bank in Colorado) and any future acquisitions; changes in management personnel; interest rate risk; concentration of our factoring services in the transportation industry; credit risk associated with our loan portfolio; lack of seasoning in our loan portfolio; deteriorating asset quality and higher loan charge-offs; time and effort necessary to resolve nonperforming assets; inaccuracy of the assumptions and estimates we make in establishing reserves for probable loan losses and other estimates; lack of liquidity; fluctuations in the fair value and liquidity of the securities we hold for sale; impairment of investment securities, goodwill, other intangible assets, or deferred tax assets; our risk management strategies; environmental liability associated with our lending activities; increased competition in the bank and non-bank financial services industries, nationally, regionally, or locally, which may adversely affect pricing and terms; the accuracy of our financial statements and related disclosures; material weaknesses in our internal control over financial reporting; system failures or failures to prevent breaches of our network security; the institution and outcome of litigation and other legal proceedings against us or to which we become subject; changes in carry-forwards of net operating losses; changes in federal tax law or policy; the impact of recent and future legislative and regulatory changes, including changes in banking, securities, and tax laws and regulations, such as the Dodd-Frank Wall Street Reform and Consumer Protection Act and their application by our regulators; governmental monetary and fiscal policies; changes in the scope and cost of the Federal Deposit Insurance Corporation insurance and other coverages; failure to receive regulatory approval for future acquisitions; and increases in our capital requirements.
While forward-looking statements reflect our good-faith beliefs, they are not guarantees of future performance. All forward-looking statements are necessarily only estimates of future results. Accordingly, actual results may differ materially from those expressed in or contemplated by the particular forward-looking statement, and, therefore, you are cautioned not to place undue reliance on such statements. Any forward-looking statement is qualified in its entirety by reference to the matters discussed in this press release. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law. For a further discussion of these and other factors that could impact our future results, performance, or transactions, see the section entitled “Risk Factors” in the most recent Annual Report on Form 10-K filed by us with the Securities and Exchange Commission.
Triumph Investor Relations:
Luke Wyse
Senior Vice President, Finance & Investor Relations
lwyse@tbkbank.com | 214-365-6936
Triumph Media Contact:
Amanda Tavackoli
Senior Vice President, Marketing & Communication
atavackoli@tbkbank.com | 214-365-6930
*Source*: Triumph Bancorp, Inc.
Reported by GlobeNewswire 31 minutes ago.
The Company intends to use a portion of the net proceeds of this offering to fund a portion of the consideration payable in the pending acquisitions of First Bancorp of Durango, Inc., Southern Colorado Corp. and Interstate Capital Corporation, as well as, for general corporate purposes.
The shares will be issued pursuant to an effective shelf registration statement (File No. 333-223411) the Company filed with the Securities and Exchange Commission (the “SEC”) which was declared effective on March 30, 2018, and only by means of a prospectus supplement and accompanying prospectus. A preliminary prospectus supplement has been filed with the SEC to which this communication relates. Prospective investors should read the preliminary prospectus supplement, the final prospectus supplement (when available) and the accompanying prospectus and other documents the Company has filed with the SEC for more complete information about the Company and the offering. Copies of these documents are available at no charge by visiting the SEC’s website at www.sec.gov. When available, copies of the preliminary prospectus supplement, the prospectus supplement and the accompanying prospectus related to the offering may be obtained by contacting Stephens Inc., 111 Center Street, Little Rock, Arkansas 72201, Attn: Prospectus Department, by emailing prospectus@stephens.com, by calling (501) 377-2131 or by faxing (501) 377-2404.
*No Offer or Solicitation*
This press release does not constitute an offer to sell, a solicitation of an offer to sell or the solicitation of an offer to buy any securities. There will be no sale of securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirement of Section 10 of the Securities Act of 1933, as amended.
*ABOUT TRIUMPH BANCORP, INC.*
Triumph Bancorp, Inc. (Nasdaq:TBK) is a financial holding company headquartered in Dallas, Texas. Triumph offers a diversified line of community banking and commercial finance products through its bank subsidiary, TBK Bank, SSB. www.triumphbancorp.com
*Forward-Looking Statements*
This press release may contain forward-looking statements. Any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions, or future events or performance are not historical facts and may be forward-looking. You can identify forward-looking statements by the use of forward-looking terminology such as “believes,” “expects,” “could,” “may,” “will,” “should,” “seeks,” “likely,” “intends,” “plans,” “pro forma,” “projects,” “estimates,” or “anticipates,” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Forward-looking statements involve numerous risks and uncertainties, and you should not rely on them as predictions of future events. Forward-looking statements depend on assumptions, data, or methods that may be incorrect or imprecise, and we may not be able to realize them. We do not guarantee that the transactions and events described will happen as described (or that they will happen at all). The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: our ability to consummate the offering; risks relating to our ability to consummate the pending acquisitions of First Bancorp of Durango, Inc. and Southern Colorado Corp., and our pending acquisition of the operating assets of Interstate Capital Corporation and certain of its affiliates, including the possibility that the expected benefits related to the pending acquisitions may not materialize as expected; of the pending acquisitions not being timely completed, if completed at all; that prior to the completion of the pending acquisitions, the targets’ businesses could experience disruptions due to transaction-related uncertainty or other factors making it more difficult to maintain relationships with employees, customers, other business partners or governmental entities, difficulty retaining key employees; and of the parties’ being unable to successfully implement integration strategies or to achieve expected synergies and operating efficiencies within our management’s expected timeframes or at all; business and economic conditions generally and in the bank and non-bank financial services industries, nationally and within our local market areas; our ability to mitigate our risk exposures; our ability to maintain our historical earnings trends; risks related to the integration of acquired businesses (including our pending acquisitions of First Bancorp of Durango, Inc. and Southern Colorado Corp., and our pending acquisition of the operating assets of Interstate Capital Corporation and certain of its affiliates, and our prior acquisitions of Valley Bancorp, Inc. and nine branches from Independent Bank in Colorado) and any future acquisitions; changes in management personnel; interest rate risk; concentration of our factoring services in the transportation industry; credit risk associated with our loan portfolio; lack of seasoning in our loan portfolio; deteriorating asset quality and higher loan charge-offs; time and effort necessary to resolve nonperforming assets; inaccuracy of the assumptions and estimates we make in establishing reserves for probable loan losses and other estimates; lack of liquidity; fluctuations in the fair value and liquidity of the securities we hold for sale; impairment of investment securities, goodwill, other intangible assets, or deferred tax assets; our risk management strategies; environmental liability associated with our lending activities; increased competition in the bank and non-bank financial services industries, nationally, regionally, or locally, which may adversely affect pricing and terms; the accuracy of our financial statements and related disclosures; material weaknesses in our internal control over financial reporting; system failures or failures to prevent breaches of our network security; the institution and outcome of litigation and other legal proceedings against us or to which we become subject; changes in carry-forwards of net operating losses; changes in federal tax law or policy; the impact of recent and future legislative and regulatory changes, including changes in banking, securities, and tax laws and regulations, such as the Dodd-Frank Wall Street Reform and Consumer Protection Act and their application by our regulators; governmental monetary and fiscal policies; changes in the scope and cost of the Federal Deposit Insurance Corporation insurance and other coverages; failure to receive regulatory approval for future acquisitions; and increases in our capital requirements.
While forward-looking statements reflect our good-faith beliefs, they are not guarantees of future performance. All forward-looking statements are necessarily only estimates of future results. Accordingly, actual results may differ materially from those expressed in or contemplated by the particular forward-looking statement, and, therefore, you are cautioned not to place undue reliance on such statements. Any forward-looking statement is qualified in its entirety by reference to the matters discussed in this press release. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law. For a further discussion of these and other factors that could impact our future results, performance, or transactions, see the section entitled “Risk Factors” in the most recent Annual Report on Form 10-K filed by us with the Securities and Exchange Commission.
Triumph Investor Relations:
Luke Wyse
Senior Vice President, Finance & Investor Relations
lwyse@tbkbank.com | 214-365-6936
Triumph Media Contact:
Amanda Tavackoli
Senior Vice President, Marketing & Communication
atavackoli@tbkbank.com | 214-365-6930
*Source*: Triumph Bancorp, Inc.
Reported by GlobeNewswire 31 minutes ago.
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Gophers women's basketball coach Stollings leaving for Texas Tech
Gophers women's basketball coach Marlene Stollings is leaving after four seasons to coach Texas Tech
Reported by FOX Sports 24 minutes ago.
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GM Financial Annual Elite Sales Liftoff across U.S.
FORT WORTH, Texas--(BUSINESS WIRE)--GM Financial hosts its fifth annual elite sales series for auto dealers across the United States.
Reported by Business Wire 26 minutes ago.
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Texas Border Patrol agent raped woman, authorities say
Reported by DallasNews 8 minutes ago.
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Two Northwest Arkansas Classical Academy Students Accepted to Governor’s School
BENTONVILLE, AR, April 09, 2018 (GLOBE NEWSWIRE) -- The Arkansas Governor's School at Hendrix College accepts only 400 students each summer and this year two of them will come from Northwest Arkansas Classical Academy, a ResponsiveEd school. Juniors Grant Reader and Ashley Massey earned spots in the prestigious six-week residential program in the concentrations of math and visual arts respectively. The program runs June 10 - July 21.
To be considered, applicants must demonstrate creativity in academic or creative fields, possess above average ability in a particular discipline area, display a high degree of self-motivation and meet or exceed the intellectual, social, and emotional maturity required to thrive in an environment that emphasizes theoretical and process-related learning.
“We are so proud that Grant and Ashley will be representing our school and have the opportunity to showcase their individual talents,” says Northwest Arkansas Classical Academy Headmaster Susan Provenza. “On average, only one kid per school gets in (if any), so given our small size, it's pretty amazing that we have two students accepted!”
The Arkansas Governor’s School began in 1980 as a program for gifted and talented students who are upcoming high school seniors and residents of the state of Arkansas. The program, funded by the Arkansas State Legislature, challenges students to develop the rigorous creative and intellectual skills that will be critical to their leading the ideal "life well lived" and for making positive contributions to their communities and to society at large.
ResponsiveEd® is a non-profit corporation that operates more than 75 tuition-free public schools throughout Texas and Arkansas, including Premier High Schools℠, ResponsiveEd Classical Academies, Founders Classical Academies®, Quest Academies, iSchool High®, and iSchool Virtual Academy. ResponsiveEd’s mission is to provide hope to students through innovative, character-based, personalized learning environments. To learn more, visit www.ResponsiveEd.com.
*Stay Connected:*
Facebook: www.facebook.com/responsiveed
Twitter: www.twitter.com/responsiveed
LinkedIn: www.linkedin.com/responsiveed
Instagram: www.instagram.com/responsiveeducation
*Attachments*
· dark logo
· Grant & Ashley (2)
CONTACT: Billy Rudolph
Responsive Education Solutions
972-316-3663 x379
brudolph@responsiveed.com Reported by GlobeNewswire 6 minutes ago.
To be considered, applicants must demonstrate creativity in academic or creative fields, possess above average ability in a particular discipline area, display a high degree of self-motivation and meet or exceed the intellectual, social, and emotional maturity required to thrive in an environment that emphasizes theoretical and process-related learning.
“We are so proud that Grant and Ashley will be representing our school and have the opportunity to showcase their individual talents,” says Northwest Arkansas Classical Academy Headmaster Susan Provenza. “On average, only one kid per school gets in (if any), so given our small size, it's pretty amazing that we have two students accepted!”
The Arkansas Governor’s School began in 1980 as a program for gifted and talented students who are upcoming high school seniors and residents of the state of Arkansas. The program, funded by the Arkansas State Legislature, challenges students to develop the rigorous creative and intellectual skills that will be critical to their leading the ideal "life well lived" and for making positive contributions to their communities and to society at large.
ResponsiveEd® is a non-profit corporation that operates more than 75 tuition-free public schools throughout Texas and Arkansas, including Premier High Schools℠, ResponsiveEd Classical Academies, Founders Classical Academies®, Quest Academies, iSchool High®, and iSchool Virtual Academy. ResponsiveEd’s mission is to provide hope to students through innovative, character-based, personalized learning environments. To learn more, visit www.ResponsiveEd.com.
*Stay Connected:*
Facebook: www.facebook.com/responsiveed
Twitter: www.twitter.com/responsiveed
LinkedIn: www.linkedin.com/responsiveed
Instagram: www.instagram.com/responsiveeducation
*Attachments*
· dark logo
· Grant & Ashley (2)
CONTACT: Billy Rudolph
Responsive Education Solutions
972-316-3663 x379
brudolph@responsiveed.com Reported by GlobeNewswire 6 minutes ago.
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Investigators schedule update on Austin bombings
AUSTIN, Texas (AP) — Federal and local law enforcement officials have scheduled a late afternoon news conference to provide updates in the investigation into a series of package bombs that killed two people and seriously injured four others in Austin last month. Law enforcement officials have said suspect Mark Conditt blew himself up as police […]
Reported by Seattle Times 2 minutes ago.
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ASAP Systems Announces Visual "Inventory Reporting" for its Online Inventory System
The latest evolution of ASAP Systems’ cloud-based inventory, BarCloud, allows customizable charts and graphs designed to enhance visual reporting, increase performance and further highlight the current status of your inventory.
SAN JOSE, Calif. (PRWEB) April 10, 2018
ASAP Systems, the market leader in SaaS online inventory systems and asset tracking solutions, announces the release of new graphs and visual reporting for its cloud-based inventory, BarCloud. ASAP Systems’ customers will now gain critical business insight into their inventory via visual reporting. A robust set of customizable charts and graphs provides reporting data quickly and accurately raising questions about the performance of your inventory.
“Inventory data reporting remains one of the main metrics required for further visibility. There is no better way to understand comprehensive inventory data than graphs and charts,” affirms Nicholas Saliba, Digital Marketing Manager. “Opportunities for incorporating visual inventory reporting exist in multiple areas of our inventory management system. We made realizing those opportunities one of our primary missions in 2018.”
Inventory charts and graphs not only ensure integral supplies are readily available, but also custom data aggregation. Charting numbers serves as a powerful visual aid simplifying interpretation of the data. Administrators and executives can choose the most suitable chart for their data from a variety of distinct formats including column charts, bar charts, line graphs and pie charts.
Conveniently, users can opt to view inventory by stock number, category or type. Line graphs are useful for identifying market trends. Seasons or periods of changing market activity can be identified to enhance marketing strategies. The stock control chart provides insight on inventory levels including minimum, maximum, reordering and receiving data.
About ASAP Systems
We solve the biggest problem in inventory management and asset tracking. Through many years of experience, working on a vast range of unique customer requirements, we have developed unmatched expertise in creating solutions to fit almost any budget, technical or user requirement. Our highly-configurable and scalable barcode-based tracking systems are designed to provide maximum ROI today, tomorrow and into the future. Offices in San Jose, California (headquarters) and Austin, Texas. Reported by PRWeb 2 hours ago.
SAN JOSE, Calif. (PRWEB) April 10, 2018
ASAP Systems, the market leader in SaaS online inventory systems and asset tracking solutions, announces the release of new graphs and visual reporting for its cloud-based inventory, BarCloud. ASAP Systems’ customers will now gain critical business insight into their inventory via visual reporting. A robust set of customizable charts and graphs provides reporting data quickly and accurately raising questions about the performance of your inventory.
“Inventory data reporting remains one of the main metrics required for further visibility. There is no better way to understand comprehensive inventory data than graphs and charts,” affirms Nicholas Saliba, Digital Marketing Manager. “Opportunities for incorporating visual inventory reporting exist in multiple areas of our inventory management system. We made realizing those opportunities one of our primary missions in 2018.”
Inventory charts and graphs not only ensure integral supplies are readily available, but also custom data aggregation. Charting numbers serves as a powerful visual aid simplifying interpretation of the data. Administrators and executives can choose the most suitable chart for their data from a variety of distinct formats including column charts, bar charts, line graphs and pie charts.
Conveniently, users can opt to view inventory by stock number, category or type. Line graphs are useful for identifying market trends. Seasons or periods of changing market activity can be identified to enhance marketing strategies. The stock control chart provides insight on inventory levels including minimum, maximum, reordering and receiving data.
About ASAP Systems
We solve the biggest problem in inventory management and asset tracking. Through many years of experience, working on a vast range of unique customer requirements, we have developed unmatched expertise in creating solutions to fit almost any budget, technical or user requirement. Our highly-configurable and scalable barcode-based tracking systems are designed to provide maximum ROI today, tomorrow and into the future. Offices in San Jose, California (headquarters) and Austin, Texas. Reported by PRWeb 2 hours ago.
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Blockbuster "Newsboys United Tour" Adds Summer Leg
The popular tour will extend its history-making run with nearly 20 more dates across the country.
NASHVILLE, Tenn. (PRWEB) April 10, 2018
Playing to capacity audiences across the U.S. this spring, the “Newsboys United Tour” will extend its history-making run through the summer, it was announced today. A slate of nearly 20 new shows kicks off in June, once again bringing current Newsboys members Michael Tait, Duncan Phillips, Jeff Frankenstein and Jody Davis together with former bandmates Peter Furler and Phil Joel for "all the hits... under one roof... for one tour."
Showcasing an electrifying headlining set from the supergroup, Newsboys United will share some of the most popular hits from the iconic band’s three-decade career with audiences in Birmingham, Alabama; Texarkana, Texas; Enid, Oklahoma; Savannah, Georgia; and Rochester, Minnesota, among other cities this summer, before concluding August 5 in Corpus Christi, Texas.
Sponsored by ChildFund and produced by Premier Productions in partnership with the Newsboys, the summer leg of the “Newsboys United Tour” will feature special guest Word recording artist Zealand—which is founded and fronted by Phil Joel—as well as a special appearance by singer/songwriter Adam Agee.
“Every night I love sharing the stage with my bandmates, past and present,” said Michael Tait. “This is one of the most meaningful tours I’ve ever been part of, and I’m thrilled we can continue the fun this summer.”
"The crowd attendance and response on this 'Newsboys United Tour' has been simply overwhelming,” said Peter Furler. “The lads and I are truly excited about extending the tour through the summer."
“We knew the Newsboys would be a hit in Cheyenne—we just didn’t anticipate it selling out so quickly,” said the Cheyenne Civic Center’s Reese Ruiz, marketing coordinator for the City of Cheyenne (Wyoming) Community Recreation and Events Department. “The fans loved the show (Hello drums!) and the experience was one we’d bring back in a heartbeat. Our only change would be to book them for two nights upfront instead of one!”
Newsboys are among the contenders for three K-LOVE Fan Award nominations this year: Group or Duo of the Year, as well as Song of the Year and Worship Song of the Year for "The Cross Has The Final Word" (feat. Peter Furler). The 2018 K-LOVE Fan Awards will be held May 27 at the Grand Ole Opry House in Nashville, and nominee voting is now open at klovefanawards.com.
One of the most influential bands in Christian music history, Newsboys have sold more than 8 million units and amassed eight Gold® certifications, 33 #1 radio hits, four GRAMMY® nominations, two American Music Award nominations and multiple Dove Awards. Comprised of Michael Tait (lead vocals), Jody Davis (guitar), Jeff Frankenstein (keys) and Duncan Phillips (drums), Newsboys’ signature songs include “We Believe,” “He Reigns,” “Miracles” “Born Again” and their Platinum®-certified mega hit, “God’s Not Dead.” The latter inspired one of the most popular Christian film franchises of all time, PureFlix’s "God’s Not Dead" and "God’s Not Dead 2," both of which included appearances by the band. "God's Not Dead - A Light In Darkness" is now in theaters across the country.
Pollstar Magazine ranks Premier Productions as the largest producer of live Christian events both nationally and internationally. Over 18 million people have attended a Premier event in over 4,000 concerts worldwide. Premier promotes Tours for Hillsong UNITED, Hillsong Worship, Young & Free, Kari Jobe, Jesus Culture, Lecrae, Lauren Daigle, Gaither Homecoming, Sadie Robertson, Newsboys, comedian John Crist, Rend Collective, as well as their annual Winter Jam Tour Spectacular and OUTCRY Tours. Premier Festivals promote 10 of the largest Christian festivals in the U.S, and over 80,000 guests have sailed on cruises and gone on excursions through their vacation experience company, Premier Experience.
For further information, visit http://www.newsboys.com. Reported by PRWeb 2 hours ago.
NASHVILLE, Tenn. (PRWEB) April 10, 2018
Playing to capacity audiences across the U.S. this spring, the “Newsboys United Tour” will extend its history-making run through the summer, it was announced today. A slate of nearly 20 new shows kicks off in June, once again bringing current Newsboys members Michael Tait, Duncan Phillips, Jeff Frankenstein and Jody Davis together with former bandmates Peter Furler and Phil Joel for "all the hits... under one roof... for one tour."
Showcasing an electrifying headlining set from the supergroup, Newsboys United will share some of the most popular hits from the iconic band’s three-decade career with audiences in Birmingham, Alabama; Texarkana, Texas; Enid, Oklahoma; Savannah, Georgia; and Rochester, Minnesota, among other cities this summer, before concluding August 5 in Corpus Christi, Texas.
Sponsored by ChildFund and produced by Premier Productions in partnership with the Newsboys, the summer leg of the “Newsboys United Tour” will feature special guest Word recording artist Zealand—which is founded and fronted by Phil Joel—as well as a special appearance by singer/songwriter Adam Agee.
“Every night I love sharing the stage with my bandmates, past and present,” said Michael Tait. “This is one of the most meaningful tours I’ve ever been part of, and I’m thrilled we can continue the fun this summer.”
"The crowd attendance and response on this 'Newsboys United Tour' has been simply overwhelming,” said Peter Furler. “The lads and I are truly excited about extending the tour through the summer."
“We knew the Newsboys would be a hit in Cheyenne—we just didn’t anticipate it selling out so quickly,” said the Cheyenne Civic Center’s Reese Ruiz, marketing coordinator for the City of Cheyenne (Wyoming) Community Recreation and Events Department. “The fans loved the show (Hello drums!) and the experience was one we’d bring back in a heartbeat. Our only change would be to book them for two nights upfront instead of one!”
Newsboys are among the contenders for three K-LOVE Fan Award nominations this year: Group or Duo of the Year, as well as Song of the Year and Worship Song of the Year for "The Cross Has The Final Word" (feat. Peter Furler). The 2018 K-LOVE Fan Awards will be held May 27 at the Grand Ole Opry House in Nashville, and nominee voting is now open at klovefanawards.com.
One of the most influential bands in Christian music history, Newsboys have sold more than 8 million units and amassed eight Gold® certifications, 33 #1 radio hits, four GRAMMY® nominations, two American Music Award nominations and multiple Dove Awards. Comprised of Michael Tait (lead vocals), Jody Davis (guitar), Jeff Frankenstein (keys) and Duncan Phillips (drums), Newsboys’ signature songs include “We Believe,” “He Reigns,” “Miracles” “Born Again” and their Platinum®-certified mega hit, “God’s Not Dead.” The latter inspired one of the most popular Christian film franchises of all time, PureFlix’s "God’s Not Dead" and "God’s Not Dead 2," both of which included appearances by the band. "God's Not Dead - A Light In Darkness" is now in theaters across the country.
Pollstar Magazine ranks Premier Productions as the largest producer of live Christian events both nationally and internationally. Over 18 million people have attended a Premier event in over 4,000 concerts worldwide. Premier promotes Tours for Hillsong UNITED, Hillsong Worship, Young & Free, Kari Jobe, Jesus Culture, Lecrae, Lauren Daigle, Gaither Homecoming, Sadie Robertson, Newsboys, comedian John Crist, Rend Collective, as well as their annual Winter Jam Tour Spectacular and OUTCRY Tours. Premier Festivals promote 10 of the largest Christian festivals in the U.S, and over 80,000 guests have sailed on cruises and gone on excursions through their vacation experience company, Premier Experience.
For further information, visit http://www.newsboys.com. Reported by PRWeb 2 hours ago.
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Larson Electronics LLC Releases Explosion Proof Rechargeable Blue Forklift LED Warning Light
KEMP, Texas, April 10, 2018 (GLOBE NEWSWIRE) -- Larson Electronics LLC, Industrial lighting expert, has released a new 25-watt explosion proof rechargeable blue LED forklift warning light that runs on a rechargeable lithium ion battery. This unit produces 2,250 lumens of intense blue light to indicate the pathway of the forklift, warning pedestrians of ongoing operation. This forklift warning light is ideal for hazardous locations such as warehouses and delivery bays.The EXHL-TRN-RPS-LE4-FKWL-BLU-M from Larson Electronics is a 25-watt Rechargeable Explosion Proof LED Forklift Warning Light which produces 2,250 lumens of intense blue light as a real-time notification to nearby pedestrians and works of ongoing forklift operation. Standard forklift warning systems have strobe lights that can hinder operator visibility and/or audible alarms which can irritate workers and pedestrians who must listen to the constant beeping. The EXHL-TRN-RPS-LE4-FKWL-BLU-M addresses both issues. The five, 5-watt LEDs in this unit are combined with high purity optics to produce a narrow 5º spot beam, visible during the day and night. This explosion proof LED light operates on a rechargeable 8.8aH lithium ion battery with 8 hours of runtime and is Division 1 and 2 rated in Classes I, II and III.
The EXHL-TRN-RPS-LE4-FKWL-BLU-M housing is constructed of extruded aluminum and NEMA Type 3, 4, 4X, 7 (B,C,D) and 9 (E,F,G) rated, waterproof to 3 meters, and resistant to the buildup of dust, dirt and humidity. An unbreakable polycarbonate lens covers the blue LED light. This unit can operate in temperatures of -40° C to 60° C and is inherently resistant to shock and vibration. An Adjustable magnetic mount allows operators to control the tilt and rotation of the LED.
“Standard forklift notification systems can be very annoying and distracting with strobing lights and constant alarms,” said Rob Bresnahan, CEO of Larson Electronics LLC. “Using a blue steady burn LED eliminates the irritation and still efficiently notifies workers and pedestrians of the ongoing forklift operation.”
*About Larson Electronics LLC: *Larson Electronics LLC is a manufacturer of industrial lighting equipment and accessories. The company offers an extensive catalog of industry-grade lighting and power distribution products for the following sectors: manufacturing, construction, food processing, oil and gas, military, marine and automobile. Customers can benefit from the company’s hands-on, customized approach to lighting solutions. Larson Electronics provides expedited service for quotes, customer support and shipments.
*For further information, please contact:*
Rob Bresnahan, *President and CEO
*Toll-free: 1-800-369-6671
Phone: 214-616-6180
Fax: 903-498-3364
E-mail: sales@larsonelectronics.com
A photo accompanying this announcement is available at http://resource.globenewswire.com/Resource/Download/a5197f2a-6cae-44ce-8b34-2ce5677db6d9 Reported by GlobeNewswire 2 hours ago.
The EXHL-TRN-RPS-LE4-FKWL-BLU-M housing is constructed of extruded aluminum and NEMA Type 3, 4, 4X, 7 (B,C,D) and 9 (E,F,G) rated, waterproof to 3 meters, and resistant to the buildup of dust, dirt and humidity. An unbreakable polycarbonate lens covers the blue LED light. This unit can operate in temperatures of -40° C to 60° C and is inherently resistant to shock and vibration. An Adjustable magnetic mount allows operators to control the tilt and rotation of the LED.
“Standard forklift notification systems can be very annoying and distracting with strobing lights and constant alarms,” said Rob Bresnahan, CEO of Larson Electronics LLC. “Using a blue steady burn LED eliminates the irritation and still efficiently notifies workers and pedestrians of the ongoing forklift operation.”
*About Larson Electronics LLC: *Larson Electronics LLC is a manufacturer of industrial lighting equipment and accessories. The company offers an extensive catalog of industry-grade lighting and power distribution products for the following sectors: manufacturing, construction, food processing, oil and gas, military, marine and automobile. Customers can benefit from the company’s hands-on, customized approach to lighting solutions. Larson Electronics provides expedited service for quotes, customer support and shipments.
*For further information, please contact:*
Rob Bresnahan, *President and CEO
*Toll-free: 1-800-369-6671
Phone: 214-616-6180
Fax: 903-498-3364
E-mail: sales@larsonelectronics.com
A photo accompanying this announcement is available at http://resource.globenewswire.com/Resource/Download/a5197f2a-6cae-44ce-8b34-2ce5677db6d9 Reported by GlobeNewswire 2 hours ago.
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Serenova Strengthens Executive Leadership Team with Key Hires
Software and Contact Center industry executive Michelle Burrows joins as Chief Marketing Officer; Seasoned financial executive David Nelson tapped as Chief Financial Officer
AUSTIN, Texas (PRWEB) April 10, 2018
Serenova, a leading contact center-as-a-service (CCaaS) and workforce optimization (WFO) provider, today announced it has strengthened its leadership team with the appointment of Michelle Burrows as Chief Marketing Officer (CMO) and David Nelson as Chief Financial Officer (CFO). Both Burrows and Nelson will play key roles designed to position Serenova for rapid market expansion in one of the most promising sectors in the customer experience ecosystem.
In her role, Burrows will lead Serenova’s global marketing functions including strategy, brand development, communications and demand generation. She will provide strategic direction for the company, working closely with the executive, sales and product teams to help Serenova broaden its footprint in the contact center market across geographic regions.
Burrows brings extensive experience in marketing and leadership. Most recently, she served as vice president of marketing and analytics at Comcast Business where she also led the customer loyalty contact center. Prior to Comcast Business, Burrows served as the vice president of Demand Marketing for inContact (NICE inContact). She has also held key leadership positions at Rally Software (CA Technologies), Verint Systems and Genesys Conferencing (West Corporation).
“Michelle’s vast experience in both marketing leadership and business expertise will be valuable for the Serenova team as we continue to grow and expand across the global contact center market,” said John Lynch, CEO of Serenova. “Her track record of growing technology businesses in the contact center industry makes her a vital addition to the leadership team, and we look forward to working with her as she expands the reach of the Serenova brand.”
Nelson has also been brought on board as Serenova's CFO. As Serenova experiences rapid growth and increasing demand for its contact center solutions, Nelson’s strong record of scaling companies, maximizing revenue growth, and driving profitability will be key components of the company’s success. In his role as CFO, Nelson will drive corporate finance, operations, and investor relations at Serenova.
Nelson has more than 30 years of financial management experience in the CFO role, both with private equity and venture-backed software and SaaS companies. Most recently, he was CFO of Periscope Holdings, a private equity backed, $30 million SaaS provider of enterprise and small and medium business procurement software solutions to 9,000 customers. Prior to that, Nelson was CFO at Q2 eBanking, a venture-backed SaaS provider of online, mobile, and security banking software that he led to IPO in 2014. He previously held similar executive positions at Trillion Partners, Salion, Hired.com, and Merrin Financial, a division of ADP.
Serenova Executive Team
These additions round out Serenova’s leadership team, which includes: Chief Technology Officer, Pascal Vincent; Chief Operations Officer, Julian Critchfield; Chief Product Officer, Matt Despain; and Vice President of People, Meg Marsh; and come as the executive team continues to evolve with John Lynch, former executive vice president of sales, ascending to CEO in Q1.
Lynch’s well-rounded history in leadership and business management make him well-positioned to lead Serenova through its next phase of growth. He is a proven leader with more than 20 years of experience building enterprise software teams, resulting in over $1 billion in revenue. Lynch has been with Serenova for more than two years playing a critical role in leading the global sales program as the company has driven an evolution in the CCaaS market with its introduction of CxEngage.
Prior to joining Serenova, Lynch was the senior vice president of global sales at Vendavo, a private, equity-owned leader in the price optimization space. Lynch served as vice president of sales at Mattersight Corporation, a company building behavioral routing software for call centers, rebuilding and leading the predictive analytics team to over $100 million in SaaS growth in three years. He served as director of North American sales for more than six years at Nuance Communications. During this time, his teams contributed significantly to Nuance’s massive growth from $60 million to $1.5 billion in revenue and 27 acquisitions. Previously, Lynch held key executive positions at leading technology firms, including Parametric Technology Corporation, NexPrise, Division, and Altos Computers.
About Serenova
Serenova simplifies every aspect of the customer experience, from front office to back, to make life easier for you, your customers and your employees. The world’s most passionate, customer-focused brands achieve brighter interactions, deeper insights, and more meaningful outcomes with Serenova’s contact center solutions. Headquartered in Austin, Texas, Serenova also has operations in California, Canada, the United Kingdom and Australia. Learn more at http://www.serenova.com. For live updates, follow @SerenovaShine. Reported by PRWeb 2 hours ago.
AUSTIN, Texas (PRWEB) April 10, 2018
Serenova, a leading contact center-as-a-service (CCaaS) and workforce optimization (WFO) provider, today announced it has strengthened its leadership team with the appointment of Michelle Burrows as Chief Marketing Officer (CMO) and David Nelson as Chief Financial Officer (CFO). Both Burrows and Nelson will play key roles designed to position Serenova for rapid market expansion in one of the most promising sectors in the customer experience ecosystem.
In her role, Burrows will lead Serenova’s global marketing functions including strategy, brand development, communications and demand generation. She will provide strategic direction for the company, working closely with the executive, sales and product teams to help Serenova broaden its footprint in the contact center market across geographic regions.
Burrows brings extensive experience in marketing and leadership. Most recently, she served as vice president of marketing and analytics at Comcast Business where she also led the customer loyalty contact center. Prior to Comcast Business, Burrows served as the vice president of Demand Marketing for inContact (NICE inContact). She has also held key leadership positions at Rally Software (CA Technologies), Verint Systems and Genesys Conferencing (West Corporation).
“Michelle’s vast experience in both marketing leadership and business expertise will be valuable for the Serenova team as we continue to grow and expand across the global contact center market,” said John Lynch, CEO of Serenova. “Her track record of growing technology businesses in the contact center industry makes her a vital addition to the leadership team, and we look forward to working with her as she expands the reach of the Serenova brand.”
Nelson has also been brought on board as Serenova's CFO. As Serenova experiences rapid growth and increasing demand for its contact center solutions, Nelson’s strong record of scaling companies, maximizing revenue growth, and driving profitability will be key components of the company’s success. In his role as CFO, Nelson will drive corporate finance, operations, and investor relations at Serenova.
Nelson has more than 30 years of financial management experience in the CFO role, both with private equity and venture-backed software and SaaS companies. Most recently, he was CFO of Periscope Holdings, a private equity backed, $30 million SaaS provider of enterprise and small and medium business procurement software solutions to 9,000 customers. Prior to that, Nelson was CFO at Q2 eBanking, a venture-backed SaaS provider of online, mobile, and security banking software that he led to IPO in 2014. He previously held similar executive positions at Trillion Partners, Salion, Hired.com, and Merrin Financial, a division of ADP.
Serenova Executive Team
These additions round out Serenova’s leadership team, which includes: Chief Technology Officer, Pascal Vincent; Chief Operations Officer, Julian Critchfield; Chief Product Officer, Matt Despain; and Vice President of People, Meg Marsh; and come as the executive team continues to evolve with John Lynch, former executive vice president of sales, ascending to CEO in Q1.
Lynch’s well-rounded history in leadership and business management make him well-positioned to lead Serenova through its next phase of growth. He is a proven leader with more than 20 years of experience building enterprise software teams, resulting in over $1 billion in revenue. Lynch has been with Serenova for more than two years playing a critical role in leading the global sales program as the company has driven an evolution in the CCaaS market with its introduction of CxEngage.
Prior to joining Serenova, Lynch was the senior vice president of global sales at Vendavo, a private, equity-owned leader in the price optimization space. Lynch served as vice president of sales at Mattersight Corporation, a company building behavioral routing software for call centers, rebuilding and leading the predictive analytics team to over $100 million in SaaS growth in three years. He served as director of North American sales for more than six years at Nuance Communications. During this time, his teams contributed significantly to Nuance’s massive growth from $60 million to $1.5 billion in revenue and 27 acquisitions. Previously, Lynch held key executive positions at leading technology firms, including Parametric Technology Corporation, NexPrise, Division, and Altos Computers.
About Serenova
Serenova simplifies every aspect of the customer experience, from front office to back, to make life easier for you, your customers and your employees. The world’s most passionate, customer-focused brands achieve brighter interactions, deeper insights, and more meaningful outcomes with Serenova’s contact center solutions. Headquartered in Austin, Texas, Serenova also has operations in California, Canada, the United Kingdom and Australia. Learn more at http://www.serenova.com. For live updates, follow @SerenovaShine. Reported by PRWeb 2 hours ago.
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IBM Systems Media to Host Webinar on Using Analytics Software to Speed Enterprise Application Projects Presented by CM First Group
Webinar will demonstrate how to use analytics software to speed enterprise application projects.
AUSTIN, Texas (PRWEB) April 10, 2018
IBM Systems Media will host a presentation by CM First Group on the use of analytics software to speed enterprise application projects. The webinar will review the challenges associated with maintaining and modernizing mainframe applications, and the need for sophisticated software analysis tools to automate the process of software development.
Webinar Title: "Supercharging The Enterprise Software Factory"
Abstract: Join us as we demonstrate the latest technology available for Application Comprehension, Project Scoping, Data Lineage, and Business Rules projects involving mainframe software assets. We'll detail customer use cases where savings of 80% and higher were achieved on large scale software applications. We'll also unveil CM evolveIT's Software Quality Dashboard as a best-of-breed solution for today's software factory manager.
Speakers:· John Rhodes, Chief Technology Officer, CM First Group
· Roger Hammer, Product Owner, CM evolveIT
Date and Time: Tuesday, April 10 at 12 p.m. CDT / 10 a.m. PDT
Registration: https://event.webcasts.com/starthere.jsp?ei=1183856&tp_key=30c5f4eaeb
For other news and updates on CM First Group, visit http://www.cmfirstgroup.com
About IBM Systems Media:
IBM Systems Magazine, Mainframe and Power Systems editions provide award-winning technology coverage in print and digital formats. In addition, the magazine offers social media presences (Twitter and Facebook) and Web-exclusive content. Our goal is to help customers achieve the greatest return on their technology investment. Subscribe at http://ibmsystemsmag.com/subscriptions. Print edition FREE in US and Canada; digital edition FREE worldwide.
About CM First Group:
CM First Group's powerful automation tools, augmented by services partners and professional services staff with many decades of software engineering and DevOps experience, ensure successful outcomes for even the most demanding modernization projects. Our products and expertise have helped over 400 customers in the public and private sectors reach their desired future state faster and more cost effectively than by using conventional approaches.
CM First software quickly analyzes, documents and re-platforms legacy code bases with minimal errors and rework, including those that are too large and complex for humans to tackle in any reasonable timeframe. The output is immediately usable by all team members, regardless of experience and knowledge of legacy software languages, accelerating application maintenance and modernization projects.
Americas Headquarters
+1-512-600-1484
+1-888-866-6179
France
+33 608 504 285
infofrance(at)cmfirstgroup(dot)com Reported by PRWeb 2 hours ago.
AUSTIN, Texas (PRWEB) April 10, 2018
IBM Systems Media will host a presentation by CM First Group on the use of analytics software to speed enterprise application projects. The webinar will review the challenges associated with maintaining and modernizing mainframe applications, and the need for sophisticated software analysis tools to automate the process of software development.
Webinar Title: "Supercharging The Enterprise Software Factory"
Abstract: Join us as we demonstrate the latest technology available for Application Comprehension, Project Scoping, Data Lineage, and Business Rules projects involving mainframe software assets. We'll detail customer use cases where savings of 80% and higher were achieved on large scale software applications. We'll also unveil CM evolveIT's Software Quality Dashboard as a best-of-breed solution for today's software factory manager.
Speakers:· John Rhodes, Chief Technology Officer, CM First Group
· Roger Hammer, Product Owner, CM evolveIT
Date and Time: Tuesday, April 10 at 12 p.m. CDT / 10 a.m. PDT
Registration: https://event.webcasts.com/starthere.jsp?ei=1183856&tp_key=30c5f4eaeb
For other news and updates on CM First Group, visit http://www.cmfirstgroup.com
About IBM Systems Media:
IBM Systems Magazine, Mainframe and Power Systems editions provide award-winning technology coverage in print and digital formats. In addition, the magazine offers social media presences (Twitter and Facebook) and Web-exclusive content. Our goal is to help customers achieve the greatest return on their technology investment. Subscribe at http://ibmsystemsmag.com/subscriptions. Print edition FREE in US and Canada; digital edition FREE worldwide.
About CM First Group:
CM First Group's powerful automation tools, augmented by services partners and professional services staff with many decades of software engineering and DevOps experience, ensure successful outcomes for even the most demanding modernization projects. Our products and expertise have helped over 400 customers in the public and private sectors reach their desired future state faster and more cost effectively than by using conventional approaches.
CM First software quickly analyzes, documents and re-platforms legacy code bases with minimal errors and rework, including those that are too large and complex for humans to tackle in any reasonable timeframe. The output is immediately usable by all team members, regardless of experience and knowledge of legacy software languages, accelerating application maintenance and modernization projects.
Americas Headquarters
+1-512-600-1484
+1-888-866-6179
France
+33 608 504 285
infofrance(at)cmfirstgroup(dot)com Reported by PRWeb 2 hours ago.
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ZEE’s Digital Entertainment Platform ZEE5 Selects BuyDRM’s KeyOS Multi-DRM Platform
KeyOS provides a studio-approved DRM lifecycle platform for premium media operators around the globe.
AUSTIN, Texas and MUMBAI, India (PRWEB) April 10, 2018
ZEE5, Zee Entertainment Enterprises Ltd’s brand new digital entertainment platform has partnered with BuyDRM to secure its online media content. ZEE5 is India’s largest, most comprehensive digital entertainment platform for language content. It offers the best of Originals, Indian and International Movies and TV Shows, Music, Live TV, and Health and Lifestyle content - across 12 languages.
ZEE5 will utilize the BuyDRM’s KeyOS™ MultiKey™ Service, along with KeyOS™ MultiPlay™ SDKs, for its multi-DRM strategy.
As part of the KeyOS Multi-DRM Platform, the MultiKey Service supports the industry-leading DRMs, such as Microsoft PlayReady, Google Widevine and Apple FairPlay, which power the widest variety of premium content for consumers. BuyDRM’s KeyOS MultiPlay SDKs allow for protected premium content playback using a feature rich player with multi-DRM support integrated into a client’s app for Apple iTunes and Google Play.
BuyDRM has pioneered DRM as a Service (DaaS), providing highly available DRM technologies through modern, easy to deploy, secure APIs. Using a variety of common programming languages, the KeyOS Platform enables major studios, content licensees and OTT operators to quickly deploy studio-approved DRM within their existing content workflows.
“We selected BuyDRM as our DRM partner as it offered a Multi-DRM solution to serve content across multiple devices. The ability to download content and watch it offline is extremely critical in a country like India where data costs are still a concern, and that’s one of the key features offered by ZEE5. For this we needed a strong DRM platform in place, which BuyDRM was able to provide.” said Mr. Amit Goenka, CEO – Zee International and Z5 Global.
Christopher Levy, CEO and Founder, BuyDRM, said: “ZEEL is a global media and entertainment powerhouse reaching over a billion viewers worldwide. BuyDRM takes great pride in being a technology partner for their digital platform ZEE5 that was recently launched in India. We are confident that our DRM technology will not only address the rights of content owners, but also enable consumers to view content when and where they choose.”
About BuyDRM
BuyDRM™ is a leading provider of Digital Rights Management and Content Security Services for the entertainment, enterprise, transportation and education industries with customers spanning the globe. With 17 years of market-leading experience implementing commercial DRM solutions and media technologies, BuyDRM has amassed substantial success stories for many of today’s largest brands.
OTT and IPTV operators, television networks, movie studios, MVPDs, telcos and premium content distributors use the BuyDRM award-winning KeyOS multi-DRM Platform to provide robust content security for their IP video offerings to a variety of connected and disconnected devices. BuyDRM customers include BBC iPlayer and BBC iPlayer Radio, BBC Worldwide, BBC TVE Singapore, Sony Pictures Entertainment, Sony Crackle, Sony Pictures Television Networks, Sony DADC, fuboTV, Sinclair Broadcast Group, Margo Networks, Warner Brothers, Showtime Networks, Deluxe, Vubiquity, Cinedigm, SONIFI Solutions, ABC Australia, Limelight Networks, AMC Networks, SingTel, Telus, and Bell Media.
For more information please visit http://www.buydrm.com
About ZEE5
ZEE5 is the brand new digital entertainment destination launched by Zee Entertainment Enterprises Limited (ZEEL), a global Media and Entertainment powerhouse. With content across 12 languages like English, Hindi, Bengali, Malayalam, Tamil, Telugu, Kannada, Marathi, Oriya, Bhojpuri, Gujarati & Punjabi, ZEE5 is home to 1 lakh hours of On Demand Content and 90+ live TV channels. The platform brings together the best of Originals, Indian and International Movies and TV Shows, Music, Live TV and Health and Lifestyle content all in one single destination. ZEE5 offers ground breaking features like 11 navigational languages, content download option, seamless video playback and Voice Search.
The ZEE5 App can be downloaded from Google Play Store and iOS App Store. It is also available at http://www.zee5.com, as a Progressive Web App (PWA), and on Android TVs and Amazon Fire TV Stick. ZEE5 also supports Chromecast.
Follow ZEE5 on Facebook.com/ZEE5, Twitter.com/ZEE5India, Instagram.com/ZEE5
BuyDRM, KeyOS, the BuyDRM logo, the KeyOS logo, MultiKey, MultiPlay and MultiPack are trademarks or registered trademarks of BuyDRM, Inc. The names and logos of other companies and products mentioned herein may be the trademarks of their respective owners. ©2017 BuyDRM, Inc. All rights reserved. Reported by PRWeb 1 hour ago.
AUSTIN, Texas and MUMBAI, India (PRWEB) April 10, 2018
ZEE5, Zee Entertainment Enterprises Ltd’s brand new digital entertainment platform has partnered with BuyDRM to secure its online media content. ZEE5 is India’s largest, most comprehensive digital entertainment platform for language content. It offers the best of Originals, Indian and International Movies and TV Shows, Music, Live TV, and Health and Lifestyle content - across 12 languages.
ZEE5 will utilize the BuyDRM’s KeyOS™ MultiKey™ Service, along with KeyOS™ MultiPlay™ SDKs, for its multi-DRM strategy.
As part of the KeyOS Multi-DRM Platform, the MultiKey Service supports the industry-leading DRMs, such as Microsoft PlayReady, Google Widevine and Apple FairPlay, which power the widest variety of premium content for consumers. BuyDRM’s KeyOS MultiPlay SDKs allow for protected premium content playback using a feature rich player with multi-DRM support integrated into a client’s app for Apple iTunes and Google Play.
BuyDRM has pioneered DRM as a Service (DaaS), providing highly available DRM technologies through modern, easy to deploy, secure APIs. Using a variety of common programming languages, the KeyOS Platform enables major studios, content licensees and OTT operators to quickly deploy studio-approved DRM within their existing content workflows.
“We selected BuyDRM as our DRM partner as it offered a Multi-DRM solution to serve content across multiple devices. The ability to download content and watch it offline is extremely critical in a country like India where data costs are still a concern, and that’s one of the key features offered by ZEE5. For this we needed a strong DRM platform in place, which BuyDRM was able to provide.” said Mr. Amit Goenka, CEO – Zee International and Z5 Global.
Christopher Levy, CEO and Founder, BuyDRM, said: “ZEEL is a global media and entertainment powerhouse reaching over a billion viewers worldwide. BuyDRM takes great pride in being a technology partner for their digital platform ZEE5 that was recently launched in India. We are confident that our DRM technology will not only address the rights of content owners, but also enable consumers to view content when and where they choose.”
About BuyDRM
BuyDRM™ is a leading provider of Digital Rights Management and Content Security Services for the entertainment, enterprise, transportation and education industries with customers spanning the globe. With 17 years of market-leading experience implementing commercial DRM solutions and media technologies, BuyDRM has amassed substantial success stories for many of today’s largest brands.
OTT and IPTV operators, television networks, movie studios, MVPDs, telcos and premium content distributors use the BuyDRM award-winning KeyOS multi-DRM Platform to provide robust content security for their IP video offerings to a variety of connected and disconnected devices. BuyDRM customers include BBC iPlayer and BBC iPlayer Radio, BBC Worldwide, BBC TVE Singapore, Sony Pictures Entertainment, Sony Crackle, Sony Pictures Television Networks, Sony DADC, fuboTV, Sinclair Broadcast Group, Margo Networks, Warner Brothers, Showtime Networks, Deluxe, Vubiquity, Cinedigm, SONIFI Solutions, ABC Australia, Limelight Networks, AMC Networks, SingTel, Telus, and Bell Media.
For more information please visit http://www.buydrm.com
About ZEE5
ZEE5 is the brand new digital entertainment destination launched by Zee Entertainment Enterprises Limited (ZEEL), a global Media and Entertainment powerhouse. With content across 12 languages like English, Hindi, Bengali, Malayalam, Tamil, Telugu, Kannada, Marathi, Oriya, Bhojpuri, Gujarati & Punjabi, ZEE5 is home to 1 lakh hours of On Demand Content and 90+ live TV channels. The platform brings together the best of Originals, Indian and International Movies and TV Shows, Music, Live TV and Health and Lifestyle content all in one single destination. ZEE5 offers ground breaking features like 11 navigational languages, content download option, seamless video playback and Voice Search.
The ZEE5 App can be downloaded from Google Play Store and iOS App Store. It is also available at http://www.zee5.com, as a Progressive Web App (PWA), and on Android TVs and Amazon Fire TV Stick. ZEE5 also supports Chromecast.
Follow ZEE5 on Facebook.com/ZEE5, Twitter.com/ZEE5India, Instagram.com/ZEE5
BuyDRM, KeyOS, the BuyDRM logo, the KeyOS logo, MultiKey, MultiPlay and MultiPack are trademarks or registered trademarks of BuyDRM, Inc. The names and logos of other companies and products mentioned herein may be the trademarks of their respective owners. ©2017 BuyDRM, Inc. All rights reserved. Reported by PRWeb 1 hour ago.
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