TabaPay Plans to Acquire and Rename Transact Bank
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On October 20, 2026, TabaPay announced plans to acquire Denver-based Transact Bank, with the deal expected to close in the fourth quarter, pending final regulatory approval. After the acquisition closes, Transact Bank will be renamed TabaBank and will be jointly owned with TabaPay under a newly registered bank holding company, TabaHoldings. The TabaPay CEO expects TabaBank to begin operations in April. TabaPay said it will continue working with its existing partner banks: they will continue handling its cross-border payments business and processing payments for some of its large merchant clients. The report did not state whether the deal had been approved or completed.
AI-written from reports · updated 1 hour ago
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- Banking DiveTabaPay plans to acquire Denver-based Transact Bank and rename it TabaBank
TabaPay plans to acquire Denver-based Transact Bank, with the deal expected to close in the fourth quarter, pending final regulatory approval. After closing, Transact Bank will be renamed TabaBank, and together with TabaPay will be under the newly registered bank holding company TabaHoldings; the CEO expects TabaBank to begin operations in April. TabaPay said it will continue working with its existing partner banks, which will continue to handle its cross-border payments business and process payments for some of its large merchant clients.
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