DALLAS — TNB Card Services, the card portfolio purchasing and servicing affiliate of credit union-owned Town North Bank will be one of the beneficiary's of an additional $60 million that the bank's 36 CU owners have invested in the institution.
The private stock offering is one of the first stock offerings in Texas history for a privately held community bank, TNB said.
TNB provides credit card services, personal identification number and signature debit card services and ATM driving for 450 credit unions spread over 36 states. The firm also provides 24/7 call center support, fraud and security services and portfolio consulting.
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