Fifth Third Acquires Credit Union Card Portfolio of TNB

July 12, 2010

 Fifth Third Processing Solutions, LLC (FTPS), announced last week it has acquired the assets of TNB Card Services from Dallas-based community bank Town North Bank, N.A. TNB Card Services currently provides credit, debit, loyalty and consulting services to more than 370 credit unions in 27 states. Its portfolio comprises about 1.4 million credit and debit accounts. “We are very pleased to acquire TNB Card Services, which has distinguished itself as a respected leader in the credit union market with a loyal following of clients and a focus on simplifying complex payment systems,” said Charles Drucker, CEO of FTPS. “The acquisition furthers our position as a leading provider of innovative products and services for credit unions and their members.  We look forward to working with the TNB Card Services team as they continue providing their exceptional servicing to their valued clients.”