About Us
Who We Are
Chartered in 1923, then purchased in 1978 by Chairman and CEO Michael Guttau, TS Bank is a symbol of strength and growth in the communities it serves. After fighting in Vietnam, Guttau came home ready to work at the family farm. But instead, he was lured to the world of banking, and at the age of 31 he purchased the local community bank with the help of his parents, using the family farm as collateral. Today, TS Bank's roots run deep into Southwest Iowa soil. With branches in Treynor, Macedonia, and Council Bluffs, the family-owned bank draws clients from neighboring cities with its hallmark "hometown service." We are not your ordinary bank…and we take that as a compliment! The future of TS Bank is bright and filled with growth plans in the Southwest Iowa area.
Why We Give
As a young lieutenant in the infantry, Guttau learned that "the troops come first," and this belief has helped shape the unique culture at TS Bank. Volunteerism is very important to us. In fact, 93% of TS Bank's employees volunteer within their communities. As stated by the Guttau family, "We at TS Bank have been affected by so many people, our family members, pastors, teachers, and more. And now, it's our turn to give back!"
All this started with three napkins. In 2007, when Josh Guttau became President & CFO, he met his parents Mick and Judy Guttau for lunch one day. In conversation, they discussed how much of the bank's profits each would be willing to give back to the community. They decided to write it down on their lunch napkins. When they turned their napkins over, all had written the same amount: 10%. Thus, in 2007, it was established that 10% of the bank's profits before tax would be dedicated towards charitable giving and community reinvestment. In 2009, the TS Bank Institute -a K-12 financial literacy program- was established with a donation of $250,000, and in 2010 the bank donated a gift of $500,000 to a local community youth sports complex and aquatic center.
The Way We Do Business - The Way We've Always Done Business
Our continued focus on community banking and community service is a defining element in our vision for the bank. We have always been, and continue to be, dedicated to producing a broad range of financial products and superior client services for businesses and consumers in our local communities.
Our management philosophy and core values are driven by an underlying commitment to quality service and trust. Our style is to be proactive rather than reactive, and is centered on an attitude of entrepreneurship rather than bureaucracy. And because our clients really do come first, we promise to stand behind our words.
We're dedicated to being the first place you turn to for all your financial needs. We offer a wide variety of financial options as well as a comprehensive selection of insurance, trust, and investment products. For you, for your family, for your business, you'll find all your financial answers at TS Bank. We hope you'll join our bank family as an esteemed customer or as a valuable team member.
