Officials with a bank based in Treynor say a $10 million project in southwest Iowa includes two new locations and expansions to its corporate office. The Omaha World-Herald reports TS Bank company, which acquired two banking groups in North Dakota this summer, is growing so it can bring more jobs to the area. Kelsey Stupfell, chief experience officer for TS Bank, told the paper they want to expand locally, and those plans include a new Council Bluffs branch to be located near North Main Street and Kanesville Boulevard. And, an Atlantic branch of TS Bank is planned for an opening in fall of 2015.
TS Bank also has purchased land in Underwood for another branch, but construction plans have not begun. Expansions also include adding 11,000 square feet for more office space at TS Bank’s corporate office in Treynor. Those renovations are expected to be completed by March 2015. In May and June, TS Banking Group acquired Bank of Tioga in Tioga, North Dakota, and Farmers State Bank of Crosby in Crosby, North Dakota.
Stupfell said the organization purchased the banks because they were in good standing credit and had similar values with TS Banking Group. At this time, those banks will keep their current names.
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