Town North Bank

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  Texas CU Leader Joe Glenn Thornton Dead at 76

  By Jim Rubenstein  |  May 17, 2012

  Funeral services set Saturday in Texarkana, Texas, for Joe Glenn Thornton, a former president/CEO of Texar FCU and a past director of CUNA.

• Fifth Third Processing Solutions Rebrands

  By David Morrison  |  June 15, 2011

  Vantiv new name of card processor for several hundred credit unions as firm moves to distance operation from bank roots.

• Visa Recognizes Fifth Third

  August 4, 2010

  Visa Inc. has recognized Fifth Third Processing Solutions for its efficiency in card transaction processing.

• TNB Card Sales Betray A Bank on the Brink

  By David Morrison  |  July 21, 2010

  The $955 million Town North Bank reached the brink of undercapitalization when it sold its card processing business to Fifth Third Processing Solutions on July 6 for an undisclosed price.

• Visa Recognizes Fifth Third Processing

  By David Morrison  |  July 20, 2010

  Visa Inc has recognized Fifth Third Processing Solutions for its efficiency in card transaction processing.

• Is a Credit Union Owned Bank in Trouble?

  By David Morrison  |  July 15, 2010

  Credit unions which own the $955 million Town North Bank may face a call for additional capital to support it going forward, according to analysts asked to review the bank's financial reports.

• TNB Sells Card Processing Business to Fifth Third Processing Solutions

  By David Morrison  |  July 14, 2010

  After almost 35 years processing credit union credit card transactions, Town North Bank has sold off its last stake in card processing.

• Town North Bank Almost Undercapitalized Prior To TNB Sale

  By David Morrison  |  July 9, 2010

  According to the FDIC, credit union owned Town North Bank had a tier one capital ratio of only 4.05% as of March 31, the last quarter before the bank sold its card processing division, TNB Card Services.

• TNB Sells Card Processing to Fifth Third

  By David Morrison  |  July 7, 2010

  Town North Bank, a credit union-owned bank, has sold its card processing division to Fifth Third Card Processing.

• Town North Bank Sold TNB for Capital, Bank Says

  By David Morrison  |  July 7, 2010

  Credit union owned Town North Bank got out of the card processing business to streamline its operations and restore some lost capital, according to its CEO Steve McDonald.