Question 1

What is TS Bank?

Accepted Answer

TS Bank is a community-focused state-chartered commercial bank headquartered in Treynor, Iowa, serving southwest and central Iowa communities. With approximately $434 million in assets and 9 branch locations, TS Bank positions itself as a "community prosperity engine" dedicated to reinvesting in local communities.

The bank is part of TS Banking Group, a multi-charter bank holding company with operations across seven states and approximately $1.5 billion in combined banking and fiduciary assets. TS Bank operates under the mission to "Ignite Prosperity" by reinvesting 10% of its net income back into the communities it serves.

Question 2

When was TS Bank founded?

Accepted Answer

TS Bank was originally opened in 1902 in Treynor, Iowa, and was formally chartered as Treynor State Bank in 1923. The bank celebrated its 100th anniversary in 2023, marking a century of community banking service.

Harry Holst served as the bank's first president from 1923 to 1952. In 1978, Mick Guttau, a Vietnam War veteran and former loan officer at the bank, purchased controlling interest in the institution with his wife Judy, using their family's century farm as collateral. This purchase kept the bank locally owned and transformed it into the family-owned community banking organization it remains today.

The bank was rebranded from Treynor State Bank to TS Bank in 2005 as part of its modernization efforts.

Question 3

Where is TS Bank headquartered?

Accepted Answer

TS Bank is headquartered in Treynor, Iowa, with its main office located at 15 E Main Street. Treynor is situated in Pottawattamie County in southwest Iowa, near the Omaha-Council Bluffs metropolitan statistical area.

The current headquarters building was constructed in 1983, replacing the original bank building that stood on the southwest corner of Treynor's main intersection.

Question 4

Where does TS Bank operate?

Accepted Answer

TS Bank operates 9 branch locations across southwest and central Iowa, serving communities in the Omaha-Council Bluffs MSA and surrounding areas. Branch locations include:
• Treynor - Headquarters and original location
• Macedonia - Opened in 2000, the bank's first expansion
• Council Bluffs - Multiple locations including an in-store Hy-Vee branch (2005), a free-standing Broadway location (2013), and a downtown location at 43 Scott Street (2016)
• Atlantic - Opened in 2015
• Corning - Acquired through the purchase of Okey-Vernon First National Bank in 2016
• Ames - Opened as a full-service branch in 2023

The bank primarily serves Pottawattamie County and surrounding counties in southwest and central Iowa.

Question 5

What services does TS Bank offer?

Accepted Answer

TS Bank provides comprehensive personal and commercial banking services, including deposit accounts, lending products, and specialized financial services.

Retail Banking: Checking and savings accounts, consumer loans, mortgages, home equity lines of credit, and personal lending products.

Commercial Banking: Business checking and savings accounts, commercial real estate financing, equipment loans, lines of credit, and commercial lending services.

Agricultural Banking: Through its TS Ag Finance division, the bank specializes in agricultural real estate lending, partnering with agricultural originators and brokers throughout the Midwest.

Wealth Management: TS Prosperity Group operates the largest Iowa state-chartered C-Corp trust department west of Des Moines, managing approximately $230-290 million in assets under management. Services include investment management, fiduciary care, trust services, and multigenerational wealth planning.

Digital Banking: TS Bank offers comprehensive digital services including online banking, mobile banking through the Mobile Money app, mobile deposit capture, bill pay services, eStatements, and Video ATMs. The bank provides 24/7 account access, fund transfers, and electronic document signing through DocuSign.

Additional Services: Collins Consulting (acquired in 2018) provides tax, accounting, and payroll services as a wholly-owned subsidiary integrated within the TS Banking Group.

Question 6

What makes TS Bank unique?

Accepted Answer

TS Bank distinguishes itself through its mission-driven approach to community banking, committing to reinvest 10% of its pre-tax net income back into local communities through sponsorships, donations, and educational programs.

The bank positions itself as leading "the resurgence of community banking" by maintaining local decision-making and personal service while leveraging the scale and resources of the larger TS Banking Group. This approach allows TS Bank to compete with larger institutions while preserving its community focus.

Leadership Legacy: The bank has maintained family ownership since 1978 when Mick Guttau purchased it. Current CEO Joshua M. Guttau (named CEO in 2014) represents the second generation of family leadership, with Mick continuing as Chairman of the Board.

Technology Innovation: TS Bank has embraced banking technology, including Video ATMs that convert to 24-hour ATMs after hours, mobile deposit capture, and comprehensive digital banking platforms. The TS Banking Group selected Temenos Banking Cloud for a complete front-to-back digital transformation.

Community Prosperity Engine: Rather than simply being a community bank, TS Bank brands itself as a "community prosperity engine," emphasizing its role in local economic development and prosperity through the TS Institute educational programs and partnerships with local nonprofits and organizations.

Multi-State Growth Strategy: As part of TS Banking Group, the bank participates in a strategic acquisition philosophy focused on preserving the "local touch" of acquired banks while providing enhanced technology, risk management, and financial management capabilities.

Question 7

What type of financial institution is TS Bank?

Accepted Answer

TS Bank is a State-Chartered Community Bank regulated under Iowa banking law and insured by the FDIC (Certificate #14812). As a state-chartered institution, TS Bank operates under Iowa state banking regulations while maintaining federal deposit insurance.

The bank exemplifies the community banking model, emphasizing local ownership, relationship-based service, and community reinvestment. It serves as the flagship institution within TS Banking Group, which also includes The Bank of Tioga in North Dakota and First National Bank and Trust Company in Illinois, operating under a multi-charter bank holding company structure through Treynor Bancshares, Inc.

TS Bank

in the United States 🇺🇸

Crypto-Friendliness

All done!

About TS Bank in the United States