Transnational and Televa swap shares, ownership

San Francisco’s Televa Networks Inc. has taken control of San Francisco’s Transnational Financial Network Inc. (TRFN) in a transaction led by Transnational board member Joseph Kristul and Maria Kristul.

Transnational has acquired all shares of broadband wireless services provider Telava and sold Transnational mortgage operations to an affiliate of the Kristuls.

The Kristuls in return. have taken on all outstanding obligations and indemnification for contingent liabilities. Televa acquired approximately 90 percent of Transnational in exchange for the Televa common stock.

Transnational’s board of directors has resigned, with the exception of Joseph Kristul, and a new board appointed.

Transnational, a wholesale and retail mortgage banker, suspended its wholesale mortgage operations in August and reduced its retail operations to those in San Francisco.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Chase Center and the Golden State Warriors hosted a media Welcome Back conference to discuss the safety protocols and amenities when fans return for a basketball game on April 23rd at Chase Center on April 13, 2021 in San Francisco, California. (Photography by Chris Victorio | Special to the S.F. Examiner).
Golden State Warriors ready to welcome fans back to Chase Center

COVID-19 tests, app-based food ordering among new safety protocols announced this week

People came out in numbers to memorialize George Floyd, who was fatally shot by police, outside San Francisco City Hall on June 9, 2020. (Kevin N. Hume/S.F. Examiner)
SFPD prepares for possible protests as Chauvin trial continues

Police to schedule community meetings, provide officers with crowd control training

Mayor London Breed said Tuesday that with other counties moving ahead with expanding vaccine eligibility “we want San Franciscans to have the same opportunity.” (Kevin N. Hume/S.F. Examiner)
Everyone in SF ages 16 and up is now eligible for the COVID-19 vaccine

San Francisco expanded eligibility for the COVID-19 vaccine Tuesday to everyone ages… Continue reading

San Francisco Park Rangers have seen their budget and staffing levels increase significantly since 2014. (Kevin N. Hume/S.F. Examiner)
Citations for being in SF’s public parks after midnight soar

Data shows disproportionate impact on Black residents

Central City SRO Collective tenant leader Reggie Reed, left, and Eddie Ahn, executive director of Brightline Defense, were among those distributing environmental awareness posters throughout the Tenderloin, Mid-Market and South of Market neighborhoods. (Courtesy Central City SRO Collaborative)
Environmental dangers are connected to racism

Let’s attack problems with better policies, greater awareness

Most Read