Former Diebold CEO Joins Bank Tech Firm Bancsource

By Tanaya Macheel April 28, 2015, 12:05 p.m. EDT 1 Min Read

Bank technology

Can 155-Year-Old Vendor Lead the Way on Branch of the Future?

Diebold, best known as an ATM manufacturer, is rebranding and diversifying itself and promoting its consulting services on a popular banking topic: how to redefine branches as sales and service hubs.

By Mary Wisniewski

August 12

Tom Swidarski, former Diebold CEO, has made a sizable investment in the bank technology equipment and services provider Bancsource, the company announced Tuesday.

Bancsource's offerings include smart safes, teller cash dispensers, and recyclers.

The Missouri-based company was acquired by CapitalWorks, a Cleveland-based private equity firm, in a stock purchase on April 1. Swidarski will be Bancsource's acting CEO until it recruits a successor.

Capital Bank Financial Corp COO Zahid Afzal and former Key Bank Community Bank president William Koehler also made significant investments in the company and will serve on its board of directors.

The company's president of more than 12 years, Walt Wasyliw, will continue his focus on sales growth.

Tanaya Macheel

Reporter

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