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) December 17, 2003
                                                   -----------------
  
  
                       Transnational Financial Network, Inc.
                      ---------------------------------------
          (Exact name of small business issuer as specified in its charter)
  
  
  California                      1-14219                      94-2964195
  ------------------------------------------------------------------------------
  (State or other                (Commission File           (I.R.S.Employer
  -
  jurisdictionof 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)
  
  
  
  
  <PAGE>
  
  
  Item 5.  Other Events and Regulation FD Disclousre.
  
  On December 17, 2003, the registrant release the following press release:
  
  News Release
  For Immediate Release:
  December 17, 2003
  
  
            Transnational Financial Network Announces Share Buy-Back Plan
  
  
  Transnational Financial Network, Inc. (TFN - AMEX), a wholesale and retail
  mortgage banking company, announced today that its Board of Directors approved a
  share buy-back plan of up to 250,000 shares, or 3.7% of the Company's total
  shares outstanding. This authorization is effective through June 30, 2004,
  unless extended or otherwise modified.
  
  Joseph Kristul, Chairman and CEO, commented: "This buy-back plan is part of the
  ongoing assessment of our investment opportunities. We believe that anytime we
  can buy our shares back at less than book value, we will be substantially
  compounding the return we earn for our remaining shareholders.
  
  "I have recently received a number of inquiries regarding our plans on paying a
  dividend. Our Board of Directors sees more potential investment opportunities
  than we have the capital to take advantage of at the present time. This share
  buy-back is only one example.
  
  "Furthermore we have been preparing ourselves to take advantage of the shakeout
  occurring in the mortgage industry. One of the potential opportunities I have
  mentioned previously is that of strategic alliances, including acquisition
  opportunities. In order to take advantage of opportunities as they present
  themselves, we need to retain our cash balances.
  
  "Accordingly, our Board of Directors has no plan to declare any dividends at the
  present time."
  
  
  
  Transnational Financial Network, Inc. is a wholesale and retail mortgage banker
  that originates, funds and sells mortgage loans secured by one to four family
  residential properties. The Company is positioned with a strong sales and
  service department, and has built a foundation for growth and expansion based on
  the results in the markets of Northern California, Southern California and
  Phoenix, Arizona.
  
  
  This News Release may contain "forward-looking statements" within the meaning of
  Section 27A of the Securities Act of 1933, and Section 21E of the Securities
  Exchange Act of 1934. Although the Company believes that the expectations
  reflected in such forward-looking statements are reasonable, it can give no
  assurance that such expectations will prove correct.
  
  SOURCE Transnational Financial Network, Inc.
  
  CONTACT: Joseph Kristul, CEO of Transnational Financial Network, Inc.,
  +1-415-242-8840 URL: http://www.transnational.com
  
  
  CONTACT: Dawn Van Zant, ECON Investor Relations, Inc.,1-866-730-1152
  dvanzant@investorideas.com
  
  
  For full details, click here:
  http://www.investorideas.com/Companies/Transnational/NewsReleases.asp
  
  
  
  
  <PAGE>
  
  
                                     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: December 18, 2003
                                         Transnational Financial Corporation
  
  
                                         /s/ Joseph Kristul
                                         ----------------------------------------
                                         Joseph Kristul, Chief Executive Officer
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "f8k1203.txt", "description": "PRESS RELEASE", "secsgml_size_bytes": 4723}]
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": "031066218"}, "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) December 17, 2003
                                                   -----------------
  
                       Transnational Financial Network, Inc.
                      ---------------------------------------
          (Exact name of small business issuer as specified in its charter)
  
  California                      1-14219                      94-2964195
  ------------------------------------------------------------------------------
  (State or other                (Commission File           (I.R.S.Employer
  -
  jurisdictionof 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)
  Item 5.  Other Events and Regulation FD Disclousre.
  
  On December 17, 2003, the registrant release the following press release:
  
  News Release
  For Immediate Release:
  December 17, 2003
  
            Transnational Financial Network Announces Share Buy-Back Plan
  
  Transnational Financial Network, Inc. (TFN - AMEX), a wholesale and retail
  mortgage banking company, announced today that its Board of Directors approved a
  share buy-back plan of up to 250,000 shares, or 3.7% of the Company's total
  shares outstanding. This authorization is effective through June 30, 2004,
  unless extended or otherwise modified.
  
  Joseph Kristul, Chairman and CEO, commented: "This buy-back plan is part of the
  ongoing assessment of our investment opportunities. We believe that anytime we
  can buy our shares back at less than book value, we will be substantially
  compounding the return we earn for our remaining shareholders.
  
  "I have recently received a number of inquiries regarding our plans on paying a
  dividend. Our Board of Directors sees more potential investment opportunities
  than we have the capital to take advantage of at the present time. This share
  buy-back is only one example.
  
  "Furthermore we have been preparing ourselves to take advantage of the shakeout
  occurring in the mortgage industry. One of the potential opportunities I have
  mentioned previously is that of strategic alliances, including acquisition
  opportunities. In order to take advantage of opportunities as they present
  themselves, we need to retain our cash balances.
  
  "Accordingly, our Board of Directors has no plan to declare any dividends at the
  present time."
  
  Transnational Financial Network, Inc. is a wholesale and retail mortgage banker
  that originates, funds and sells mortgage loans secured by one to four family
  residential properties. The Company is positioned with a strong sales and
  service department, and has built a foundation for growth and expansion based on
  the results in the markets of Northern California, Southern California and
  Phoenix, Arizona.
  
  This News Release may contain "forward-looking statements" within the meaning of
  Section 27A of the Securities Act of 1933, and Section 21E of the Securities
  Exchange Act of 1934. Although the Company believes that the expectations
  reflected in such forward-looking statements are reasonable, it can give no
  assurance that such expectations will prove correct.
  
  SOURCE Transnational Financial Network, Inc.
  
  CONTACT: Joseph Kristul, CEO of Transnational Financial Network, Inc.,
  +1-415-242-8840 URL: http://www.transnational.com
  
  CONTACT: Dawn Van Zant, ECON Investor Relations, Inc.,1-866-730-1152
  dvanzant@investorideas.com
  
  For full details, click here:
  http://www.investorideas.com/Companies/Transnational/NewsReleases.asp
  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: December 18, 2003
                                         Transnational Financial Corporation
  
                                         /s/ Joseph Kristul
                                         ----------------------------------------
                                         Joseph Kristul, Chief Executive Officer