Image for TriumphPay Appoints Melissa Forman to President

TriumphPay Appoints Melissa Forman to President


April 19, 2022

Forman promoted to lead innovation in creating best-in-class payment solutions for the freight industry

DALLAS, April 19, 2022 — TriumphPay, a division of TBK Bank, SSB, today announced the promotion of its senior vice president, chief strategy officer Melissa Forman to the position of president. As president, Forman is responsible for scaling TriumphPay partner network integrations across the industry, pioneering payment solutions for truckers and key stakeholders in freight, and championing TriumphPay’s brand and positioning as a tech leader in the freight industry. Also announced today is the promotion of Tim Valdez to the chief operating officer of TriumphPay; he was previously senior vice president and factor leader. Valdez will continue to serve as its factor leader.

These appointments come on the heels of TriumphPay’s announcement of its significant milestone in building the transportation industry’s first payments network in January, where a new secure and seamless payments network is now available to the entire freight industry.

“Melissa has been a key member of our senior leadership team, playing a critical role in TriumphPay’s momentum and success,” said Aaron P. Graft, chief executive officer of Triumph Bancorp, Inc. (Nasdaq: TBK). “Her deep industry knowledge and technical acumen have been invaluable as we’ve built the freight industry’s first and only payments network. I am excited to see her lead TriumphPay as we execute our roadmap to solidify our position as the transformational payments platform for brokers, factors, carriers, and shippers.”

Forman previously served as senior vice president and chief strategy officer of TriumphPay after initially joining the company in 2019 as chief operating officer. With decades of experience across multiple freight and technology companies, Forman will lead TriumphPay as it enters its next phase of growth and expansion as the largest payor in brokered freight.

“TriumphPay has already made substantial progress in bringing much-needed innovation to the crucial payments component of the freight industry,” said Forman. “As president, I’m looking forward to leading our efforts to break the archaic 30-day payment cycle for truckers and scale our seamless payment solutions for brokers, factors, carriers and shippers across the freight industry.”

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About TriumphPay

TriumphPay is the open payments network for freight brokers, factors, shippers and carriers in the US trucking industry. 

TriumphPay is a division of TBK Bank, SSB, Member of FDIC, and a member of the Triumph Bancorp, Inc. (Nasdaq: TBK) group. 

About Triumph Bancorp

Triumph Bancorp, Inc. (Nasdaq: TBK) is a financial holding company headquartered in Dallas, Texas, offering a diversified line of payments, factoring, and banking services.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such states are predictions and that actual events or results may differ materially. Triumph Bancorp’s expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which would cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and the forward-looking statement disclosure included in the company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 14, 2022. Forward-looking statements speak only as of the date made, and Triumph Bancorp undertakes no duty to update the information.

Investor Relations
Luke Wyse
SVP, Finance & Investor Relations

Amanda Tavackoli
SVP, Director of Corporate Communication

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