SEATTLE - YourBankOnline.com Inc. has signed a letter of intent to buy Applied Logistical Technologies Inc. of Carlsbad, Calif. YourBankOnline was developed three years ago by River City Bank of Sacramento, Calif., in cooperation with Microsoft Corp.

Applied Logistical Technologies, an information technology company, sells proprietary financial application software to the transportation and logistics sector. ALT would help YourBankOnline.com set up and install YourBankOnline's software platform in banks worldwide.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.