Colorado National Bank (CNB), which was bought by the owners of Latvian card acquiring and processing fintech Transact Pro in 2018, has relaunched as Transact Bank. Two years ago, Mark Moskvin and Maxim Yaroshewsky bought then-named CNB for $9 million and put in $2 million of their own money to boost its capital. The bank had filed for Chapter 11 bankruptcy in November 2017, also known as a “reorganisation” bankruptcy. The bank went live with Fiserv last week Moskvin said in August 2018: “Our knowledge and experience will help to build innovative new banking services for the bank that will…
Colorado National Bank rebrands to Transact Bank and goes live with Fiserv
Colorado National Bank rebrands to Transact Bank and goes live with Fiserv
