Asset-based lending

State Bank popped up on the Houston company’s radar eight years ago, but management waited until now to strike.

The Missouri company reported strong loan growth that also reflected a spike in factoring activity.

Aggressive growth in commercial leasing and asset-based finance helped offset a planned pullback in auto lending at the Wayzata, Minn., company.

With the three deals, Triumph is beefing up in Colorado, expanding into New Mexico and strengthening its asset-based lending unit.

The holding company for Union Bank — itself a unit of the Japanese giant Mitsubishi UFJ Financial Group — is on a mission to double its size and become one of the nation's 10 largest banks. Under Steve Cummings, its first-ever American CEO, MUFG Americas has expanded middle-market lending and amassed $3 billion of consumer deposits through its new online bank. Is a splashy acquisition next?

The regional bank sold the business, which serves about 90 clients, to a New York commercial finance firm.