Cap Markets

Triumph Bancorp in Dallas has successfully taken chances on out-of-state acquisitions, factoring and other nontraditional strategies that many of its peers have avoided.

With fewer CMBS deals coming to market — partly as a result of risk-retention rules — an independent finance company like Ladder Capital can’t always wait to piggyback on Wall Street’s transactions.

The Texas company agreed to buy Liberty Bancshares on the same day it completed its purchase of the $1 billion-asset Sovereign Bancshares.

The ranks of mutually owned banks are in decline. Survivors say sharper marketing, better access to capital and lower barriers to entry could stop the bleeding.

The company will pay $51 million for Bank of Napa, adding two branches and nearly $250 million in assets.

Rising taxes, declining population and the political landscape in Illinois have led several bankers to put more money and resources into nearby states.

The company agreed to buy County First Bank in a cash-and-stock transaction.

The agency’s new classification of “initial coin offerings” is yet another affront to the efforts by fledgling companies to raise funds.

The company will also gain $260 million in loans and $180 million in deposits from Banner Corp.

The company has agreed to buy Puget Sound Bancorp to expand in a competitive, fast-growth market.