Home Business Transact Pro acquires Colorado National Bank

Transact Pro acquires Colorado National Bank

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Transact Pro acquires Colorado National Bank

Mark Moskvin and Maxim Yaroshewsky, owners of Latvian payments firm Transact Pro have bought Colorado National Bank (CNB) for an undisclosed amount.

The new owners have invested another $2 million to boost its capital position. A board of directors with John Sprengle, the former president and chief credit officer of CNB was also formed to act as a “point of contact” for customers.

Moskvin says: “Today we finalised a two year process to acquire a bank with over a century of history in its name. Our knowledge and experience will help to build innovative new banking services for the bank that will transform it into a modern bank for the 21st century.”

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