TS Bank

What TS Bank does

TS Bank is a privately held, family-owned community bank chartered in 1923 and headquartered in Treynor, Iowa, operating as a wholly-owned subsidiary of TS Banking Group (a multi-charter bank holding company with combined banking and fiduciary assets of $1.5 billion across Iowa, Illinois, and North Dakota). The bank serves individuals, small-to-medium businesses, agricultural operations, nonprofits, and wealth management clients through eight physical branches across southwest and central Iowa, supplemented by online and mobile banking channels and Video ATM functionality. Its core product set spans personal banking (Rewards Checking with 3.50% cash back, savings, money market, CDs, IRAs, consumer loans, mortgages, home equity, credit cards), commercial banking (business checking, commercial loans, lines of credit, equipment financing, commercial real estate loans, cash management), and agricultural lending via the TS Ag Finance brand.

The bank's technology stack is conventional: a digital banking platform providing online, mobile, and Video ATM access, supplemented by online account opening, virtual support video chat, and contactless tap-to-pay Visa debit cards (transitioning in February 2026). Vertical integration is delivered through three wholly-owned subsidiaries — TS Prosperity Group (trust and wealth management with $215 million AUM), Collins Consulting (tax and accounting, acquired August 2018), and Callahan Financial Planning Company — plus an in-school financial wellness program (TS Institute, $250,000 initial commitment in 2009) and the REV small business pitch competition (launched 2015).

TS Bank generates revenue primarily through net interest income on its loan portfolio (consumer, commercial, agricultural), supplemented by banking service fees, recurring wealth management fees on $215 million AUM, and professional service fees from tax preparation. Total assets stand at $472 million with 180+ employees. The bank is controlled by the Guttau family (Mick Guttau as Chairman since 1978, Joshua M. Guttau as CEO since 2014, Kevin Forristall as President since 2021) and commits 10% of pre-tax income to community reinvestment — a structural differentiator rather than a marketing claim. The firm is not publicly traded and does not disclose revenue figures.

Name

TS Bank

Legal name

TS Bank

Website

https://tsbank.com

Company type

Private

Founded year

1923

Operating status

Operating

Headcount range

101–250 employees

Short description

TS Bank is a privately held, family-owned community bank headquartered in Treynor, Iowa, operating eight branches across southwest and central Iowa to serve individuals, small-to-medium businesses, agricultural operations, nonprofits, and wealth management clients with personal banking, commercial lending, ag finance, tax, and trust services.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Savings Banks (Public/State-Owned) (FSABAKAK)

akta.pro secondary industry

High-Net-Worth & Private Wealth Digital Platforms (Digital Private Banking) (FSAGAEAI)

Keywords

• Community banking services
• Personal banking products
• Commercial lending services
• Wealth management advisory
• Agricultural banking

Headquarters

HQ city

Treynor

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income: Interest earned on loan portfolio including personal, business, and agricultural loans. Primary revenue driver for traditional banking operations.
2. Banking Service Fees: Fees from checking accounts, savings accounts, and other banking services
3. Wealth Management Services: Investment management and financial planning services through TS Prosperity Group, managing approximately $215 million in assets under management
4. Tax Preparation Services: Tax preparation services offered through subsidiaries

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

TS Bank is a community bank providing personal and business deposit accounts, consumer and commercial loans, agricultural financing, credit cards, wealth management through TS Prosperity Group, and tax preparation services through Collins Consulting. The bank distributes these products via eight Iowa branches, digital and mobile banking, Video ATMs, and online account opening, with relationship-based service as its defining operating model.

Product overview

TS Bank is a community bank offering a comprehensive suite of personal and business banking products. For personal banking, it provides checking accounts (Rewards Checking with up to 3.50% cash back, Traditional Checking), savings products (Savings, Money Market, CDs, IRA), and lending options (Personal Loans, Auto Loans, Mortgage Loans, Construction Loans, Home Equity Loans/HELOC, Credit Cards). Business banking includes Business Checking, Nonprofit Checking, Business Loans, Commercial Line of Credit, Equipment Loans, Commercial Real Estate Loans, Agricultural Loans, Business Credit Cards, and Cash Management Services. The bank also operates TS Prosperity Group (investment management, retirement planning, estate planning, tax planning, nonprofit investment management) and Collins Consulting (personal and business tax services) as distinct service lines. Additional offerings include Video ATM services, contactless tap-to-pay debit cards, online account opening, and virtual support. The bank demonstrates strong community commitment through TS Institute financial wellness programs, in-school banking branches, the REV small business pitch competition, and a community reinvestment program donating 10% of pre-tax income annually.

Differentiator

Problem solved

Functional benefit

Products and services

• Rewards Checking Checking account that earns 3.50% cash back on debit card purchases up to $8.75 per month, with eStatement rewards for everyday banking activities. Designed for individual consumers seeking rewards on routine debit card spending.
• Traditional Checking Standard personal checking account with basic banking features and access to digital banking services for individuals and households.
• Health Savings Account (HSA) Tax-advantaged savings account for individuals with high-deductible health plans to pay for qualified medical expenses.
• Savings Account Personal savings account to help customers save and grow their money with competitive interest rates.
• Money Market Account Savings account with competitive interest rates that may include limited check-writing privileges.
• Certificates of Deposit (CDs) Time deposits with fixed terms and guaranteed returns for customers who want to save over a specific period.
• Individual Retirement Account (IRA) Tax-advantaged retirement savings accounts including Traditional and Roth IRA options.
• Personal Loans Unsecured loans for personal expenses such as debt consolidation, home improvements, or major purchases.
• Auto Loans Financing options for purchasing new or used vehicles with competitive rates and flexible terms.
• Mortgage Loans Home financing solutions including purchase mortgages and refinances with various term options.
• Construction Loans Short-term financing for building new homes or making significant renovations to existing properties.
• Home Equity Loans Loans using the equity in a home as collateral for lump-sum funding needs.
• Home Equity Line of Credit Revolving credit line secured by home equity, allowing borrowing as needed up to a set limit.
• Credit Cards Consumer credit cards including contactless Visa debit cards with tap-to-pay functionality and fraud protection.
• Digital Banking Mobile and online banking platform allowing customers to check balances, transfer funds, pay bills, deposit checks, and access digital wallets anytime, anywhere.
• Business Checking Checking accounts designed for businesses with features including online banking, cash management, and merchant services.
• Nonprofit Checking Specialized checking accounts for nonprofit organizations with tailored features and services.
• Business Loans Commercial lending solutions including term loans and working capital for business growth and operations.
• Commercial Line of Credit Revolving credit facility for businesses to manage cash flow fluctuations and short-term financing needs.
• Equipment Loans Financing for the purchase of business equipment, machinery, or vehicles.
• Commercial Real Estate Loans Financing for the acquisition, development, or renovation of commercial properties.
• Agricultural Loan Specialized lending products for farmers and agricultural operations including operating loans, equipment financing, and land purchases.
• Business Credit Cards Credit cards designed for business expenses with reporting and spending controls.
• Cash Management Services Comprehensive treasury management solutions including wire transfers, ACH services, and liquidity management for businesses.
• Investment Management Professional portfolio management and advisory services through TS Prosperity Group for individuals and institutions.
• Retirement Planning Comprehensive retirement strategy development including income planning, Social Security optimization, and withdrawal strategies.
• Estate Planning Legacy planning services including wills, trusts, and strategies to preserve and transfer wealth to future generations.
• Tax Planning Strategic tax planning services to minimize tax liability and maximize after-tax wealth accumulation.
• Nonprofit Investment Management Specialized investment management services for nonprofit organizations and foundations.
• Personal Tax Services Tax preparation and planning services for individuals ranging from simple returns to complex financial situations.
• Business Tax Services Tax preparation, planning, and advisory services for businesses of all sizes.

Quantifiable outcome

• 10% of pre-tax income reinvested in the community
• +2 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Collins ConsultingcoreOthers · 1 August 2018Collins Consulting was acquired in August 2018 as a wholly-owned subsidiary of TS Banking Group. The firm provides additional financial services capabilities including tax preparation services that complement TS Bank's offerings.
• Callahan Financial Planning CompanycoreStrategic or Co-development PartnerCallahan Financial Planning Company joined TS Prosperity Group, the investment and wealth management division of TS Banking Group. This partnership expands the wealth management and financial planning services offered to clients.
• Advance Southwest IowaminorGTM or Marketing PartnerAdvance Southwest Iowa partnered with TS Bank for the REV program, a regional economic development initiative supporting entrepreneurship and small business growth in southwest Iowa communities.
• The Bank of Tioga (N.D.)minorOthersThe Bank of Tioga in North Dakota is part of the TS Banking Group network of affiliated banks, providing broader geographic reach within the community banking ecosystem.
• First National Bank (Ill.)minorOthersFirst National Bank in Illinois is part of the TS Banking Group network of affiliated banks, expanding the group's presence across multiple states.

Scale indicators5 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• United Bank of Iowa: Iowa-headquartered community bank with a similar ag and SMB lending orientation across rural western Iowa. Directly comparable in size, customer mix, and community banking philosophy.
• Heartland Financial USA (HTLF / Heartland Financial Bancshares): Dubuque, Iowa-based multi-state community bank holding company operating banks across the Midwest, Southwest and West. Closely comparable community/commercial banking model with diversified revenue, including wealth management.
• West Bank: West Des Moines-based Iowa community bank offering personal, business and wealth management services. Similar mid-sized Iowa footprint, family-influenced culture, and full-service product set as TS Bank.
• GreenState Credit Union: Large Iowa-headquartered credit union (North Liberty) with a comparable consumer, mortgage, and wealth management focus across Iowa. Competes with TS Bank in the same retail deposit and lending markets.
• Hills Bank and Trust Company: Iowa-headquartered community bank (Iowa City) with a similar relationship-led retail, commercial, and ag banking model across eastern Iowa. Directly comparable in scale, customer segments (consumers, SMB, ag), and community reinvestment focus.
• Central Bank (Iowa): State-chartered Iowa community bank (Storm Lake) with a comparable ag, commercial, and consumer banking model in rural Iowa communities. Operates with similar relationship-led service model and scale.
• MidWestOne Financial Group: Iowa-headquartered bank holding company (Iowa City) operating community banks across Iowa, Minnesota, Wisconsin and Colorado. Directly comparable community/commercial banking model with ag, commercial and retail focus.

Broad incumbents

• Wells Fargo: National money-center bank with a large branch presence in Iowa, including competition for ag, commercial, and retail customers. TS Bank competes against Wells Fargo directly in markets like Ames (where TS Bank hired ex-Wells Fargo Branch Manager Kelli Hecker).
• UMB Financial Corporation: Midwest-based diversified bank holding company (Kansas City) with commercial, ag, and wealth management businesses. Competes with TS Bank's TS Prosperity Group in wealth and with TS Bank in regional commercial banking.
• First Interstate BancSystem: Multi-state community bank holding company (Billings, MT) operating across the Midwest and West with comparable ag, commercial, and consumer banking lines. Larger in scale but same community banking thesis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/ts_bank
• YouTubeyoutube.com/user/tsbank2011?feature=results_main
• Facebookfacebook.com/treynorstatebank
• LinkedInlinkedin.com/company/treynor-state-bank
• Instagraminstagram.com/tsbank.igniteprosperity

Revenue estimate

Valuation estimate

Number of profiles

Profiles25 records

Subsidiaries4 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 Bank