TS Banking

What TS Banking does

TS Banking Group is a privately held, family-controlled multi-charter bank holding company headquartered in Treynor, Iowa, formed as a joint venture between Treynor Bancshares, Inc. and TS Contrarian Bancshares, Inc. The company operates three FDIC-member community bank charters—TS Bank (Iowa, $472M in assets), The Bank of Tioga (North Dakota, $411M), and First National Bank and Trust Company (Illinois/Wisconsin, $400M)—supported by approximately 14+ branches across Iowa, Illinois, Wisconsin, and North Dakota. Under CEO Joshua M. Guttau (CEO since 2008), the group has executed a deliberate multi-bank acquisition strategy since 2013, growing combined banking and fiduciary assets from $50M to over $1B through six completed community bank acquisitions between 2014 and 2021.

The group operates a platform-plus-affiliates architecture: a centralized technology and risk management backbone (mobile banking, mobile deposit capture, person-to-person payments, cash management, remote deposit capture, virtual support) is shared across the charters, while each acquired bank retains its local brand and community identity. Three specialized service affiliates extend the platform beyond traditional banking: TS Ag Finance provides national agricultural real estate lending through a network of originators, brokers, and a Farmer Mac partnership; TS Prosperity Group delivers wealth management, trust, fiduciary, estate, and retirement planning with $213M in assets under management; and Collins Consulting provides tax preparation, payroll, and accounting services.

The business model is primarily a traditional community banking spread business (net interest income on loans and deposits) supplemented by recurring fee streams from wealth management (AUM-based), agricultural lending (loan origination fees), tax/accounting (professional services), and merchant/cash management services. Distribution is relationship-led across branches, with community reinvestment (10% of pre-tax income reinvested locally) and the TS Institute financial literacy program (25,000+ K-12 students reached) functioning as brand-differentiation and customer acquisition channels in the upper Midwest market.

Name

TS Banking

Legal name

TS Banking Group

Website

https://tsbg.com

Company type

Private

Founded year

1923

Operating status

Operating

Headcount range

51–100 employees

Short description

TS Banking Group is a family-controlled multi-charter community bank holding company operating three bank charters and affiliated wealth, ag lending, and tax service businesses across Iowa, Illinois, Wisconsin, and North Dakota with over $1 billion in combined assets.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Offices of Bank Holding Companies (551111), Depository Credit Intermediation (5221), Funds, Trusts, and Other Financial Vehicles (525)

SIC

State Commercial Banks (6022), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF)

Keywords

• Community banking services
• Agricultural lending
• Wealth management
• Commercial banking
• Financial planning

Headquarters

HQ city

Treynor

HQ country

United States

HQ region

North America

Offices13 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Banking Operations: Traditional banking revenue including interest income from loans, deposit services, and transaction fees across multiple bank charters (TS Bank, The Bank of Tioga, First National Bank and Trust Company).
2. Wealth Management and Trust Services: Fiduciary services, institutional investment management, and prosperity planning through TS Prosperity Group. Focus on multi-generational prosperity and fiduciary care with assets under management.
3. Agricultural Lending: Agricultural real estate lending, operating loans, and agribusiness loans through TS Ag Finance division. Partners with Farmer Mac for competitive long-term fixed rate products.
4. Tax and Financial Planning: Tax preparation, payroll support, accounting solutions, estate planning, and retirement planning through TS Prosperity Group and Collins Consulting.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

TS Banking Group is a multi-charter community bank holding company that provides personal and business banking, agricultural real estate lending, wealth management and trust services, and tax and accounting services. It operates through three community bank charters (TS Bank, The Bank of Tioga, First National Bank and Trust Company) and affiliated service companies (TS Prosperity Group, TS Ag Finance, Collins Consulting) across Iowa, Illinois, Wisconsin, and North Dakota. The holding company acquires and operates community banks while providing centralized technology, risk management, and financial expertise, preserving local brand identity at each charter.

Product overview

TS Banking Group operates as a multi-charter bank holding company with a platform-plus-affiliates architecture. The core consists of three community bank charters: TS Bank (Iowa), The Bank of Tioga (North Dakota), and First National Bank and Trust Company (Illinois/Wisconsin). These are supported by affiliated service companies including TS Prosperity Group (wealth management and fiduciary services), TS Ag Finance (agricultural real estate lending), and Collins Consulting (tax and accounting services). The company offers personal banking, business banking, agricultural lending, wealth management, and digital banking services across Iowa, Illinois, Wisconsin, and North Dakota.

Differentiator

Problem solved

Functional benefit

Brands

• Ignite Prosperity: Brand tagline and mission statement used across TS Bank and First National Bank and Trust Company subsidiaries
• TS Institute

Products and services

• TS Bank Community bank offering personal banking (rewards checking, savings, personal loans, mortgages, instant issue debit cards) and business banking (commercial lending, treasury management, cash management) across seven Iowa branch locations.
• The Bank of Tioga Community bank serving North Dakota with locations in Tioga and Crosby, providing personal, business, and agricultural banking services. Holds $411 million in assets.
• First National Bank and Trust Company Community bank serving Clinton, Illinois and western Wisconsin (Arcadia, Whitehall) with personal, business, and investment services including rewards checking, mobile banking, mortgage loans, retirement planning, investment management, and tax planning. Holds $400 million in assets.
• TS Prosperity Group Wealth management and fiduciary services providing investment planning, retirement planning, estate planning, and tax planning focused on multigenerational prosperity. Manages $213 million in trust assets and is the largest Iowa state-chartered C-Corp trust department west of Des Moines.
• TS Ag Finance National agricultural real estate lending division offering farmland loans, revolving lines of credit secured by agricultural real estate, and specialized agribusiness loans. Leverages Farmer Mac programs to provide competitive long-term fixed-rate products.
• Collins Consulting Tax preparation, payroll support, and accounting solutions for individuals and businesses in Western Iowa and the Omaha area.

Quantifiable outcome

• 10% of pre-tax income reinvested into communities annually
• +2 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• CGB AgriFinancialcoreStrategic or Co-development Partner · 25 June 2015Alliance formed with CGB AgriFinancial, headquartered in Louisville, Kentucky, one of three central servicers for Farmer Mac. CGB has eight originators of ag loans who can now refer/coordinate client business with TS Banking Group for depository services, operating loans, and Wealth Management & Trust Services.
• Farmer MaccoreTechnology or IntegrationTS Ag Finance leverages Farmer Mac programs to provide competitive long-term fixed interest rate products for agricultural real estate loans, delivering flexible solutions with competitive terms.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Heartland Financial USA: Heartland Financial USA is a Dubuque, Iowa-based multi-charter community bank holding company operating ~$18B in assets across 11 banks in the Midwest, Southwest, and Western US. It is the most direct comparable to TS Banking Group, sharing the same multi-charter, local-brand-preserving acquisition model, and represents what TS Banking could scale toward.
• First Busey Corporation: First Busey is a Champaign, Illinois-based bank holding company with ~$10B+ in assets operating community banks and a significant wealth management franchise (Busey Wealth Management). It is comparable to TS Banking for both its Midwest community bank footprint and integrated wealth management business that mirrors TS Prosperity Group.
• West Bancorporation: West Bancorporation is a West Des Moines, Iowa-based bank holding company operating West Bank with ~$3-4B in assets, focused on commercial and consumer banking in central Iowa. It is a directly comparable Iowa-based community banking platform, though single-charter rather than multi-charter.
• Great Southern Bancorp: Great Southern Bancorp is a Springfield, Missouri-based bank holding company with ~$5-6B in assets operating community banks across the Midwest and Southeast. It shares TS Banking's growth-through-acquisition playbook and community banking orientation, though with a different geographic mix.
• QCR Holdings: QCR Holdings is a Moline, Illinois-based multi-charter community bank holding company with ~$6B in assets operating Springfield Bank & Trust, Cedar Rapids Bank & Trust, Community State Bank, and others. It mirrors TS Banking's multi-charter Midwest acquisition strategy and operates in overlapping IA/IL/WI geographies.
• First Mid-Illinois Bancshares: First Mid-Illinois Bancshares is a Mattoon, Illinois-based bank holding company with ~$5B in assets operating community banks in Illinois, Missouri, Indiana, Kentucky, and Tennessee with a wealth management arm. It is comparable to TS Banking for the integrated community bank + wealth model and direct overlap with TS Banking's Illinois (Clinton) charter territory.
• MidWestOne Financial Group: MidWestOne is an Iowa City, Iowa-based bank holding company with ~$5B in assets operating community banks across Iowa, Minnesota, Wisconsin, and Florida. It is a closely comparable community banking platform with overlapping Midwest footprint and a similar scale tier to TS Banking's combined $1B+ assets.
• Meta Financial Group: Meta Financial Group is a Sioux Falls, South Dakota-based bank holding company operating MetaBank with specialty lending, payments, and national commercial lending businesses. It is comparable to TS Banking for its specialty national lending model (payments/factoring vs. ag) layered onto a Midwest community bank charter.

Others

• CGB AgriFinancial: CGB AgriFinancial is a Louisville, Kentucky-based agricultural real estate lender and one of three central servicers for Farmer Mac. It is an existing strategic partner of TS Banking Group (alliance formed 2015) and operates in the same agricultural lending space, providing a comparable model for what an independent national ag lending platform looks like.
• Farmer Mac: Farmer Mac (Federal Agricultural Mortgage Corporation) is the secondary market for agricultural real estate and rural utilities loans. It is a key infrastructure provider and technology partner for TS Ag Finance, which uses Farmer Mac programs to deliver long-term fixed-rate ag real estate products to its customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/in/joshua-m-guttau-92449135
• Xx.com/tsbankinggroup

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TS Banking