TNB Buys More Credit UnionCards

Published August 16, 2005, 1:00 a.m. EDT

|

Updated August 27, 2020, 2:26 a.m. EDT

1 Min Read

DALLAS - (0/16/05) -- TNB Card Services said Monday it haspurchased four more credit card portfolios from separate creditunions, making more than 65 portfolios acquired by creditunion-owned TNB since mid-2002. The four new credit union dealswere for portfolios owned by: Great Plains FCU, Joplin, Mo.;SourceOne FCU, Brooklyn Center, Minn.; Hereford Texas FCU,Hereford, Texas; and Thiokol Ordnance FCU, Marshal, Texas. TNB is aunit of credit union-owned Town North National Bank ofDallas.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Market Intelligence

Market Intelligence The fusion of TradFi and DeFi raises questions for banks

Banks must plan to support decentralized finance without disturbing their existing businesses. That's easier said than done.

By Megan Ryan
Market Intelligence Analyst, Payments

1h ago
FinCEN

Fincen whistleblowers could earn 30% of penalties in new rule

The Treasury's financial crimes enforcement wing proposed a rule Monday that would incentivize whistleblowers to come forth with information that could assist in cracking down on scams, fraud or money laundering, at a time of heightened geopolitical risk.

By Ebrima Santos Sanneh
Reporter

1h ago
Federal Reserve

Powell says Fed cautious as Iran war drives inflation risks

Federal Reserve Chair Jerome Powell said the central bank is cautiously monitoring consumer sentiment as tensions from the Iran war push energy prices higher, complicating efforts to bring inflation down to the Fed's target.

By Maria Volkova
Reporter

1h ago
Digital payments

What's on tap for this year's Payments Forum?

Can banks win at agentic commerce? What's next for real-time payments? And where are mobile wallets headed? The industry's top experts will dive into these issues at American Banker's Payments Forum from May 4-6 in San Francisco.

By John Adams
Executive Editor, Payments

1h ago
Litigation

Bank of America settles with Epstein victims for $72.5 million

The nation's second-largest bank agreed to the massive settlement to avoid a looming trial in May over accusations that it enabled suspicious, multimillion-dollar transactions — including a staggering $170 million payment from the former Apollo CEO Leon Black — to Epstein.

By Kate Berry
Reporter

3h ago
Cyber security

A cyberdefense 'pillar' for banks faces 'existential crisis'

A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.

By Carter Pape
Technology Reporter

8h ago