TS Banking Group has officially acquired the First National Bank and Trust Company of Clinton.

 

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 $430 million, and TS Contrarian Bancshares, Inc., the bank holding company of The Bank of Tioga (North Dakota), with banking assets of $330 million. TS Banking Group is headquartered in Treynor, Iowa, that is located in the Omaha, Neb. MSA.

 

TS Banking Group believes that 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. It is TSBG’s main priority to 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.

 

First National Bank and Trust Company will retain its name and national charter with TS Banking Group assisting in the development of leading-edge banking technology for clients. An operational conversion will take place in June, that will include an updated website, 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. Additionally, TS Banking Group will provide Fiduciary Care and Investment Risk Management services with its new division, TS Prosperity Group.

 

There will be communication with clients in the future prior to any changes that will be made related to their current accounts, such as how to handle old check stock, debit cards, and internet banking logins.