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TS Banking Group to Acquire Illinois Bank

October 11, 2016

TS Banking Group of Treynor, Iowa has entered into an agreement with First Clinton Bancorporation, Inc., to acquire First National Bank and Trust Company of Clinton, IL, with banking assets of 118 million and trust assets of 105 million.

TS Banking Group is a joint venture between Treynor Bancshares, Inc., the bank holding company of Treynor State Bank (TS Bank), with banking assets of $425 million, and TS Contrarian Bancshares, Inc., the bank holding company of The Bank of Tioga (North Dakota), with banking assets of $325 million. TS Banking Group is headquartered in Treynor, Iowa, located in the Omaha, NE MSA.

During the acquisition due diligence process, TS Banking Group has several key values it looks for in an organization including: integrity, exceptional client service, and serving as a business leader in its community. TSBG strives to thread a community focus throughout all of the organization’s business units, and within each business establishes a client-focused operating efficiency that allows for long-term prosperity.

To achieve this goal, TS Banking Group believes it must preserve the ‘local touch’ at each community bank by allowing the acquired bank to focus their efforts on serving their clients and communities where they are located. Through the creation of a multi-bank operating group TSBG can provide a high level of technology, risk management, and financial management to each community it serves while maintaining a community bank approach.

“As we reviewed potential merger candidates, we purposely approached TS Bank. Based on their track record of giving back to the community, their financial literacy programs for schools, and being a family-owned and managed bank, it gave us confidence in the culture and integrity of the company.” Said John M. Killian, President and CEO. “TS Bank is a very good fit for our bank, our staff, our customers, and the community we serve.”

TS Banking Group will look to assist First National Bank and Trust with leading-edge banking technology for clients such as an updated website and online banking platform, mobile banking app, person to person mobile payments, mobile deposit capture, as well as remote deposit capture and cash management services for business clients will be offered. Additionally, Fiduciary Care and Investment Risk Management services will be provided with the company's new division, TS Prosperity Group.

“First National Bank and Trust shares many of the same qualities and values of TS Banking Group, which makes this a great fit,” said Joshua M. Guttau, TS Banking Group CEO.

About TS Banking Group: Treynor State Bank was chartered in 1923, branded to TS Bank in 2005, and was the beginnings of the TS Banking Group (TSBG). TS Bank is a locally-owned, community bank with $425 million in assets. In addition, TS Bank has the largest state-chartered C-Corp trust department west of Des Moines with $200 million in assets. TS Bank is dedicated to community prosperity and reinvests 10% of their net income back to the community. Branch locations include Treynor, Macedonia, Atlantic, Corning and multiple locations in Council Bluffs, IA. As of November 1, 2014, TSBG acquired The Bank of Tioga with locations in Tioga and Crosby, ND. Michael (Mick) K. Guttau is Chairman of the Board and Joshua M. Guttau is CEO.