content: UNITED STATES
                         SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
  
                                      FORM 8-K
  
                                   CURRENT REPORT
  
  
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  
  Date of Report (Date of earliest event reported) April 13, 2007
                                                   --------------
  
  
                        Transnational Financial Network, Inc.
  -------------------------------------------------------------------------------
          (Exact name of small business issuer as specified in its charter)
  
  
  California                         1-14219                  94-2964195
  --------------------------------------------------------------------------------
  (State or other jurisdiction       (Commission File         (I.R.S.Employer
  of incorporation)                  Number)                  Identification No.)
  
  401 Taraval Street, San Francisco, CA                               94116
  --------------------------------------------------------------------------------
  (Address of principal executive offices)                            (Zip Code)
  
  
  (Registrant's telephone number, including area code: (415) 242-7800
  
  (Former name,former address and former fiscal year, if changed since last
  report)
  
  
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any of the
  following provisions:
  
  [ ] Written communications pursuant to Rule 425 under the Securities Act
  (17 CFR 230.425)
  
  [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
  (17 CFR 240.14a-12)
  
  [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
  Exchange Act (17 CFR 240.14d-2(b))
  
  [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
  Exchange Act (17 CFR 240.13e-4(c))
  
  
  
  
  <PAGE>
  
  
  
  ITEM 1.02 Termination of a Material Definitive Agreement.
  
  On April 13, 2007, the registrant and Texas Capital Bank agreed to terminate and
  settle the contractual arrangements related to the sale of the bank's mortgage
  lending division. In connection with the termination, the registrant agreed to
  pay certain operating losses incurred by the division between September 30,
  2007, and March 31, 2007, The operating losses were mutually agreed to be
  $500,000. Of the $500,000, $160,000 was paid prior to April 13, 2002, with the
  balance, $340,000, to be paid in three installments pursuant to a note, the last
  installment to be paid in June 2008.
  
  The registrant, bank and certain individuals originally issued stock in
  connection with the acquisition agreed to return that stock without
  consideration and not have distributed stock based on earn-out provisions of the
  original agreement. The registrant originally issued 1,708,645 shares and of
  these, 937,776 shares will be immediately canceled and the balance cancelled as
  installments are made under the note obligation.
  
  ITEM 9.01 Financial Statements and Exhibits
  
  (d)      Exhibits
  
  Exhibit 10        Termination Agreement between Texas Capital Bank, N.A.,
  and the registrant.
  
  SIGNATURES
  
           Pursuant to the requirements of the Securities Exchange Act of 1934,
  the registrant has duly caused this report to be signed on its behalf, thereby
  duly authorized.
  
  
  
      Date: April 19, 2007
                                         Transnational Financial Corporation
  
  
                                         /s/ Joseph Kristul
                                         ----------------------------------------
                                        Joseph Kristul, Chief Executive Officer
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "f8krml.txt", "description": "CURRENT REPORT", "secsgml_size_bytes": 3661}]
metadata_filer: {"company-data": {"conformed-name": "TRANSNATIONAL FINANCIAL NETWORK INC", "cik": "0001059579", "assigned-sic": "6162", "irs-number": "942964195", "state-of-incorporation": "CA", "fiscal-year-end": "0430"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-14219", "film-number": "07776305"}, "business-address": {"street1": "401 TARAVAL STREET", "street2": "SUITE 270", "city": "SAN FRANCISCO", "state": "CA", "zip": "94116", "phone": "4152427800"}, "mail-address": {"street1": "401 TARAVAL STREET", "street2": "301 JUNIPERO SERRA BLVD SUITE 270", "city": "SAN FRANCISCO", "state": "CA", "zip": "94116"}, "former-company": {"former-conformed-name": "TRANSNATIONAL FINANCIAL CORP", "date-changed": "19980410"}}
text: UNITED STATES
                         SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
  
                                      FORM 8-K
  
                                   CURRENT REPORT
  
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  
  Date of Report (Date of earliest event reported) April 13, 2007
                                                   --------------
  
                        Transnational Financial Network, Inc.
  -------------------------------------------------------------------------------
          (Exact name of small business issuer as specified in its charter)
  
  California                         1-14219                  94-2964195
  --------------------------------------------------------------------------------
  (State or other jurisdiction       (Commission File         (I.R.S.Employer
  of incorporation)                  Number)                  Identification No.)
  
  401 Taraval Street, San Francisco, CA                               94116
  --------------------------------------------------------------------------------
  (Address of principal executive offices)                            (Zip Code)
  
  (Registrant's telephone number, including area code: (415) 242-7800
  
  (Former name,former address and former fiscal year, if changed since last
  report)
  
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any of the
  following provisions:
  
  [ ] Written communications pursuant to Rule 425 under the Securities Act
  (17 CFR 230.425)
  
  [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
  (17 CFR 240.14a-12)
  
  [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
  Exchange Act (17 CFR 240.14d-2(b))
  
  [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
  Exchange Act (17 CFR 240.13e-4(c))
  ITEM 1.02 Termination of a Material Definitive Agreement.
  
  On April 13, 2007, the registrant and Texas Capital Bank agreed to terminate and
  settle the contractual arrangements related to the sale of the bank's mortgage
  lending division. In connection with the termination, the registrant agreed to
  pay certain operating losses incurred by the division between September 30,
  2007, and March 31, 2007, The operating losses were mutually agreed to be
  $500,000. Of the $500,000, $160,000 was paid prior to April 13, 2002, with the
  balance, $340,000, to be paid in three installments pursuant to a note, the last
  installment to be paid in June 2008.
  
  The registrant, bank and certain individuals originally issued stock in
  connection with the acquisition agreed to return that stock without
  consideration and not have distributed stock based on earn-out provisions of the
  original agreement. The registrant originally issued 1,708,645 shares and of
  these, 937,776 shares will be immediately canceled and the balance cancelled as
  installments are made under the note obligation.
  
  ITEM 9.01 Financial Statements and Exhibits
  
  (d)      Exhibits
  
  Exhibit 10        Termination Agreement between Texas Capital Bank, N.A.,
  and the registrant.
  
  SIGNATURES
  
           Pursuant to the requirements of the Securities Exchange Act of 1934,
  the registrant has duly caused this report to be signed on its behalf, thereby
  duly authorized.
  
      Date: April 19, 2007
                                         Transnational Financial Corporation
  
                                         /s/ Joseph Kristul
                                         ----------------------------------------
                                        Joseph Kristul, Chief Executive Officer