TS Bank celebrates 100 years of serving southwest Iowa
Treynor, IA, January 30, 2023 - TS Bank is pleased to announce its 100th anniversary this year. TS Bank, originally chartered in May of 1923, has a mission to IGNITE PROSPERITY®, and is dedicated to changing lives and communities across the Midwest.
Today, TS Bank has eight locations in southwest and central Iowa, employs over 90 people and has over $390 million in assets. Additionally, it has the largest Iowa state-chartered C-Corp trust department, TS Prosperity Group, west of Des Moines at nearly $260 million in assets under management. The bank’s newest location in Ames, Iowa will open in April with a grand opening celebration planned for this fall.
TS Bank is committed to providing the most advanced, secure and user-friendly bank technology, along with a knowledgeable team and innovative tools to offer the combined comfort of personalized service from their local bank. The company offers a full line of products and services to meet the financial needs of consumers and businesses which includes personal and business banking and lending but also tax services, generational wealth planning, investing and more.
With roots in community banking, the company has expanded its dedication to revitalizing the industry and its local communities. TS Bank is part of TS Banking Group a multi-charter bank holding company, with $1.5 billion in banking and fiduciary assets and locations across the Midwest, and includes the business units of TS Ag Finance, TS Prosperity Group, Callahan Financial Planning Company and Collins Consulting.
“A milestone of 100 years is a warranted opportunity to pause and reflect upon the impact a servant-minded company, like TS Bank can have on local communities. I can only wonder of the extended indirect influence the Guttau family has made by setting the standard of service to others and how it has had a multiplicative effect by inspiring others in the community to follow their lead,” said Kevin Forristall, President of TS Banking Group. “I am excited for the celebrations ahead this year, and the opportunity to hear many inspiring stories of lives impacted by this great company.”
As a community bank, TS Bank is an integral part of both the local community and economy. TS Bank is dedicated to community reinvestment and gives 10% of its pre-tax income back to the community. Additionally, the bank is committed to teaching financial literacy, hosting educational events and partners with local organizations and nonprofits. Since 2007, TS Bank has granted nearly $5 million dollars through these efforts and impacted over 140,000 students and adults through financial literacy.
The company culture, originally established by Mick and Judy Guttau over the past 45 years, is still thriving today and is now stewarded by the next generation with Josh Guttau as CEO. Kevin Forristall serves as bank President. TS Bank is a proud independent, family-owned community bank, and this 100-year anniversary is a key milestone in its commitment to the communities it serves to DO MORE.
“As a purpose-driven organization, employees find strength in the company’s story and are motivated to have more impact. Mick and Judy’s dream is now amplified through each one of our employees and clients," said Kelsey Stupfell, Director of Public Relations at TS Banking Group. “The Guttau family has encouraged us to be part of something bigger and to truly live for others. They inspire us to give back in any way we can – whether that be financially, through volunteer hours or board service. We know for every penny saved, every child who learns the value of a dollar, every employee who is constantly improving, and every thriving community, we are fulfilling our mission.”
As part of the 100th anniversary celebration, the bank has some exciting initiatives planned along with client appreciation events throughout the year. For more information, visit tsbank.com or facebook.com/tsbank.
About TS Bank: TS Bank’s mission is to Ignite Prosperity® in the communities it serves. Creating long-term community prosperity, TS Bank reinvests 10 percent of its net income locally; hosting educational events and partners with local organizations and non-profits. TS Bank was chartered in 1923 and has $390 million in assets, along with the largest Iowa state-chartered C-Corp trust department west of Des Moines at nearly $260 million in assets named TS Prosperity Group. Locations include Treynor, Macedonia, Council Bluffs, Atlantic, Corning and Ames, Iowa. For more information, visit tsbank.com.