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) October 16, 2006
                                                   ----------------
  
  
                        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 registrantunder 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 1.01 Entry Into a Material Definitive Agreement.
  
  On October 18, 2006, the registrant issued a press release announcing it had
  entered into an agreement on October 10, 2006, to acquire the assets of the
  residential mortgage lending division of Texas Capital Bank, N.A. The terms of
  the agreement are set forth in the press release is attached as Exhibit 99.1 to
  this Current Report on Form 8-K.
  
  (c) Exhibits
  
  Exhibit 10.1 - Asset Purchase and Sale Agreement
  
  Exhibit 99.1 - Press Release of October 18, 2006
  
  
  
  <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: October 18, 2006
                                    Transnational Financial Corporation
  
  
                                    /s/ Joseph Kristul
                                    ---------------------------------------------
                                    Joseph Kristul, Chief Executive Officer
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "f8k.txt", "description": "CURRENT REPORT - MATERIAL CONTRACT", "secsgml_size_bytes": 3062}]
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": "061151439"}, "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) October 16, 2006
                                                   ----------------
  
                        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 registrantunder 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 1.01 Entry Into a Material Definitive Agreement.
  
  On October 18, 2006, the registrant issued a press release announcing it had
  entered into an agreement on October 10, 2006, to acquire the assets of the
  residential mortgage lending division of Texas Capital Bank, N.A. The terms of
  the agreement are set forth in the press release is attached as Exhibit 99.1 to
  this Current Report on Form 8-K.
  
  (c) Exhibits
  
  Exhibit 10.1 - Asset Purchase and Sale Agreement
  
  Exhibit 99.1 - Press Release of October 18, 2006
  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: October 18, 2006
                                    Transnational Financial Corporation
  
                                    /s/ Joseph Kristul
                                    ---------------------------------------------
                                    Joseph Kristul, Chief Executive Officer