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Wanke Associates acquires provider of remote deposit capture, banking software

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Wanke Associates acquires provider of remote deposit capture, banking software

Wanke Associates LLC, a Minneapolis-based equipment finance company,has acquired CFC Holdings Inc., d/b/a CFC Technology, a Brooklyn Park, Minn.-basedprovider of remote deposit capture and banking software, according to an April 4news release.

CFC Technology provides services in more than 25 states witha focus on community banks and credit unions. The company and its current managementteam will continue to run as an independent subsidiary of Wanke Associates.

Terms of the deal were not disclosed.