PRESS RELEASE- CFC Holdings Inc. is Acquired


Wanke Associates, LLC acquires Minnesota based CFC Holdings LLC, dba as CFC Technology.

Brooklyn Park, MN, April 04, 2016 --( Equipment finance company Wanke Associates LLC ( has acquired CFC Holdings, Inc. (dba CFC Technology, a Remote Deposit Capture and banking software provider based in Brooklyn Park, Minnesota.

Founded in 1998, CFC Technology has been a leading provider in Remote Deposit Capture, Mobile Banking and Business Continuity. CFC Technology currently provides services in over 25 states with a focus on community banks and credit unions. CFC Technology and its existing management team will continue to run as an independent subsidiary of Wanke Associates.

“With this acquisition, Wanke Associates has one the most experienced bank consulting and Remote Deposit Capture firms in the United States,” Wanke Associates, CEO, Richard Wanke said. “CFC Technology has a strong team and we are excited to help them grow and expand their customer offerings.”

About Wanke Associates LLC
Based in Minnesota, Wanke Associates LLC is focused on providing equipment procurement and financing to businesses and financial institutions throughout the United States. Wanke Associates also provides business under the name WACOOP (, a community financial institution purchasing organization.