Community Reinvestment: Giving
We believe reinvesting in the communities we serve is as important as the products and services we provide. We know the harder we work, the more we are able to give back. We believe in our communities and that we all can help Ignite Prosperity®!
Giving. It’s one of our company’s nine core principles and one we’ll always stand behind.
Together we make a difference. We encourage others to live generously and pay it forward.
The Napkin Story
When Mick, Judy and Josh Guttau sat down for lunch in 2007 to discuss how much the company should reinvest in its communities, they did a blind test – writing down a percentage on a napkin. When they flipped them over, each one had the same amount – 10 percent. That became our commitment – 10 percent of the bank’s pre-tax income annually would be given back to the communities we serve, and those dollars are reinvested locally.
Each employee, client and community member has been the fiber of our success and the reason we can continue to reinvest. Faith, family, farming and financial stewardship are what drive us to be committed to reinvesting 10 percent of the bank's pre-tax income back into the communities.
The reinvestment is made in the form of sponsorships, grants to local nonprofits and educating our local youth through the TS Institute. Since 2007, TS Bank has donated over $4 million and last year alone TS Bank employees volunteered over 3,677 hours. It takes many hands to make a great community and a great company – we promise to continue to do our part for both!
Key Focus Areas
In order for TS Bank to Ignite Prosperity in all the communities we serve, we align our investments toward community organizations who are striving to improve an array of needs in our community through:
- Financial literacy resources
- Economic development and revitalization
- Affordable housing
- Social, civic and human services
- Youth and faith based opportunities
- Community cultural development
Financial Literacy Resources
The TS Institute is a resource to help families handle decisions concerning the economy, education and most importantly, personal finance. One way our employees assist with this mission is through programs like Junior Achievement. Junior Achievement (JA) inspires youth to make smart academic and economic choices while learning about entrepreneurship, savings and their community.
Economic Development and Revitalization
We believe our communities are only as strong as our small businesses. Our local economies help employ our neighbors and families, and keep main street strong. We love to work with those who help local businesses start, grow and create jobs. Investing in main street programs, economic development corporations and sustaining REV, TS Bank’s pitch competition for startup business, are a few ways we help retain community growth.
Access to stable, workforce ready and affordable housing are needs in each of our markets and any vibrant community. It is our desire to collaborate with organizations who can help remove barriers and increase opportunities for those in need of quality, affordable housing.
Social, Civic and Human Services
We have the desire to help each individual and family build a healthy and thriving life by collaborating with organizations in social and human services as well as civic nonprofits who cultivate change. Other needs such as affordable daycare and transportation accessibility are also quality of life essentials for a vibrant community.
Youth and Faith Based Opportunities
To make an impact on our young people and help enrich their mind, body and soul is of upmost importance to TS Bank.
Community Cultural Development
We are committed to collaborating with organizations who help enhance unique quality of life amenities including culture, arts and entertainment in our various communities.
Additionally we pride ourselves in sharing resources with our local nonprofit organizations, leaders and board of directors. Be sure to ask about our nonprofit services and read about those looking to do more with their gift for generations.
Additional Ways We Give Back
TS Prosperity Group and Collins Consulting also help Ignite Prosperity:
TS Prosperity Group®
You work incredibly hard to attain your prosperity. You deserve to partner with those who are the absolute best at growing, managing and protecting your prosperity – and doing so in complete confidentiality. Choose TS Prosperity Group to be your financial partner to simplify your life while protecting and growing your prosperity for generations to come. At TS Prosperity Group, we feel it is important for our employees, clients and community at large to be connected with our why. While TS Bank stands for community prosperity, TS Prosperity Group stands for family prosperity. We know by making an impact on the financial lives of our clients and their family’s legacy, we also make an impact on our communities. The MICAH House, Children’s Square, SHARE Omaha, TS Community Foundation, Pottawattamie County Community Foundation and Omaha Community Foundation are close community partners and organizations the TS Prosperity Group helps support and sponsor.
At Collins Consulting, we believe in the value of relationships. We view every client relationship like a partnership, and truly believe our success is a result of your success. Collins Consulting has areas of expertise in income tax preparations, accounting services and business startup services including payroll services. Collins Consulting is dedicated to community excellence and a proud sponsor of Treynor Days, Shred Days and any community parade!
Examples of Community Partnerships
The TS Institute, established in 2009 is committed to creating a more financial savvy future generation through a K-12 financial literacy program in each school in the bank's market area. To date, the TS Institute has impacted over 150,000 students, adults and community members through financial literacy curriculum, events and programming resources within the in southwest Iowa area.
For 20 years, middle and high school students in southwest Iowa have filed into gymnasiums and auditoriums to hear from speakers who educate, inspire and empower through TS Promise. Additionally, an evening youth rally compliments the school visits where speakers can tell more of their story. From a strongman, a yo-yo champion, ventriloquist, magician and others, all have used their unique talents to reach students. TS Promise is a multi-day event held which TS Bank sponsors in an effort to give back to the community. Each year, TS Bank donates $10,000 toward providing a motivational speaker to over 10 local high school and middle school assemblies and an evening faith-based youth rally.
Pottawattamie Arts Culture and Entertainment
Pottawattamie Arts Culture and Entertainment (PACE) is a non-profit based in Council Bluffs, Iowa and is an example of an organization who enhances unique quality of life amenities including culture, arts and entertainment. TS Bank has had the opportunity to provide a bridge loan for up to $6.5 million in financing for the renovation and expansion of PACE and construction funding management, as well as a $25,000 gift.
Children's Square USA
TS Bank employees have helped the children living at Children's Square celebrate Christmas for the last eight years. Children’s Square is an emergency shelter for displaced children (usually temporary) until placement into foster care. TS Bank began this event the year after CEO, Josh Guttau and his wife, Shelly, adopted their oldest daughter from Children’s Square. Each year, the Guttau's encourage TS Bank employees to spread the word about the increasing need for foster care and considering giving the gift of a home to the kids at Children’s Square and other shelters.
For many of these years TS Bank Chairman, Mick Guttau, dresses as Santa, and his wife Judy Guttau, dresses as Mrs. Claus to deliver Christmas gifts to the children at Children's Square in Council Bluffs, Iowa. Each year TS Bank employees purchase gifts for the children at the shelter during the holidays.
TS Bank continues to be an annual sponsor along with supporting the spiritual life program, and received a Jason Award in 2016 for its efforts. Since 2014, TS Bank has donated nearly $20,000 to Children’s Square in addition to hosting the Christmas celebration with employees, now in its sixth consecutive year.
Since 2014, TS Bank has donated more than $35,000 to the MICAH House, including two capital campaign donations, with another $10,000 pledged by 2020. In 2018, CEO Josh Guttau and daughter Shianne served as co-chairs of their capital campaign, Shelter Reimagined. Their story was shared on multiple news sources to help spread the word about the MICAH House.
Small Businesses Gap Financing
In early 2020, TS Bank participated in the SBA PPP Program with $2,680,189.90 loan total, assisting 22 nonprofits and helping protect over 344 paychecks. Additionally TS Bank is collaborating with Advance Southwest Iowa to relaunch REV, a live pitch event for startup businesses to earn more capital. TS Bank is contributing $5,000 to the program in late 2020.
Additionally, the Nebraska Enterprise Fund, a community development financial institution (CDFI), has expanded its chapter to SWI Enterprise Fund. The fund will offer direct loans to businesses and fill financing gaps in participation with other lenders and programs. The SWI Enterprise Fund also assists in entrepreneurial training and business development services. TS Bank employees were intricately involved in getting this jumpstarted and the bank will also participate in an EQ2 investment.
The Corning Hotel is nearing completion for a grand opening in fall 2020. TS Bank was one of 46 investors of the $3.1 million project in 2019, chipping in $50,000.
Community grants are funded on a budgeted basis on October 30th of each year. Our first preference is given to the following areas:
- Youth activities through community* organizations
- Charitable organizations serving communities in which bank employees serve in leadership
- Organizations that have or are developing a banking relationship with TS Bank
- Faith based organizations and heart-felt gifts
- Community services for low to moderate income families as well as geographies above 50 percent free and reduced school lunch program
How do I request a grant from TS Bank?
A small fund is set aside for new requests that qualify and are distributed on a first come, first serve basis during the fiscal year. To be considered for the upcoming year, applications for new requests need to be submitted by October 30th.
Download grant request form
"When you drink from the well, remember the well digger." – Chinese Proverb
*The community, for giving back, is defined as the market area where TS Bank's branches are located.