TS Banking Group has acquired one other financial institution in its ongoing efforts to “construct its belongings and broaden its attain.”
First Nationwide Financial institution and Belief Co., primarily based within the agricultural space of Clinton, Illinois, acquired State Financial institution of Arcadia, Wisconsin from B&E Investments and closed on the property on Oct. 1, a press launch from TS Financial institution said. First Nationwide is a part of TS Banking Group, a multi-charter financial institution holding firm primarily based in Treynor with areas in Iowa, Illinois, North Dakota, Wisconsin, Nebraska, Colorado and California. The group employs a complete of about 230 individuals.
Since Dec. 31, 2019, TS Banking Group has grown its belongings from $900,792,000 to $1,184,234,000. Once you add belongings beneath administration, the financial institution holding firm has greater than $1.5 billion in banking and fiduciary belongings.
With banking belongings of $210 million, State Financial institution of Arcadia serves an space in western Wisconsin that has a robust and various business and ag business, TS Financial institution mentioned within the launch. As of Oct. 1, the financial institution formally merged into First Nationwide Financial institution and Belief Co., with the ensuing financial institution having roughly $400 million in complete belongings throughout 5 areas.
“We’re excited to announce the latest addition to our TS Banking Group household, the State Financial institution of Arcadia,” TS Banking Group President Kevin Forristall mentioned within the launch. “The Arcadia market represents every thing our firm stands for, and we’re excited to accomplice with present market contributors to additional Ignite Prosperity in these communities. Together with the natural development TS Banking Group has skilled in recent times, this addition to the corporate additional enhances our monetary energy, aggressive positioning and proficient worker base.”