Tom Swidarski, former Diebold CEO, has made a sizable investment in the bank technology equipment and services provider Bancsource, the company announced Tuesday.
Bancsource's offerings include smart safes, teller cash dispensers, and recyclers.
The Missouri-based company was acquired by CapitalWorks, a Cleveland-based private equity firm, in a stock purchase on April 1. Swidarski will be Bancsource's acting CEO until it recruits a successor.
Capital Bank Financial Corp COO Zahid Afzal and former Key Bank Community Bank president William Koehler also made significant investments in the company and will serve on its board of directors.
The company's president of more than 12 years, Walt Wasyliw, will continue his focus on sales growth.