News

June 25, 2015 – Treynor, IA – TS Banking Group is pleased to announce the creation of the TS Ag Finance, a division of the TS Banking Group. TS Ag Finance is committed to serving agricultural producers (farmers, ranchers and agribusinesses) with financial services including: depository services, loans for operating and real estate, and Wealth Management & Trust.

“We are excited to launch this new division, as our way to give back to the communities we serve,” stated Joshua M. Guttau, TS Banking Group CEO & CFO, “Over the years our Ag focus has been shadowed by the growth of all the areas of the banking group. We have decided to do something about this, and in a big way, as we look to reestablish ourselves as a ‘go to’ ag bank, not only in our local market, but throughout the Upper Midwest.”

The objectives for creating TS Ag Finance include:

1. Partner with community banks, to help those banks retain their ag clients as the client outgrows the bank’s lending capacity, by TS Ag Finance stepping in to work with that bank and their client;
2. Strive to address the quickly approaching gap (with ongoing retirements across the industry) in ag lending expertise in community banks; and
3. Provide competitive long-term fixed interest rate products for agriculture real estate loans by efficiently providing competitive long-term fixed rates through non-bank outlets, such as Farmer Mac.

The division is equipped with over 40 seasoned agriculture lending relationship managers and underwriters with expertise in agricultural production and real estate. A team of Ag Banking Relationship Managers focus on the current markets within TS Bank’s locations as well as the Midwest, primarily the western half. This team also specializes on the beef industry, from cow/calf to feedlot operations. Additionally, a team of underwriters located in Ames IA, focus on underwriting Ag Real Estate loans originated by their network of 20+ active originators throughout the U.S. and other banks.

TS Banking Group has also formed an alliance with CGB AgriFinancial, head quartered in Louisville, Kentucky. CGB is one of the three Central Servicers for Farmer Mac and also has eight originators of ag loans that will have the opportunity to now refer/coordinate client business with the TS Banking Group for depository services, operating loans, and Wealth Management & Trust Services.

About TS Bank and TS Banking Group:

Treynor State Bank was chartered in 1923, branded to TS Bank in 2005, and was the beginnings of the TS BankingGroup. TS Bank is a locally owned, community bank with $288 million in assets. In addition, TS Bank has the largest state chartered C Corp trust department west of Des Moines with nearly $270 million in assets. TS Bank is dedicated to community prosperity and reinvests 10% of their net income back to the community. Branch locations include Treynor, Macedonia, and Council Bluffs, IA. Michael (Mick) K. Guttau is Chairman of the Board and Joshua M. Guttau is CEO and CFO.