On June 1, 2022, Reich & Tang Deposit Networks merged with Total Bank Solutions, creating a financial technology business providing deposit and liquidity solutions to banks, broker-dealers and other financial intermediaries with combined total assets under supervision of $220 billion. Private equity sponsor Estancia Capital Partners has a majority interest in the company. Seward & Kissel acted as counsel to Estancia and Reich & Tang in connection with the transaction.

Reich & Tang Deposit Networks offers deposit and liquidity solutions to financial intermediaries around the country. Founded in 2010, Estancia Capital Partners is a specialist private equity firm focused on lower-middle market investments in Institutional Quality Asset Management, Wealth Management, Capital Markets Structure and related Business Services and Technology firms. Founded in 2004, Total Bank Solutions is a privately held financial technology firm that serves the needs of banks and wealth management organizations.