TS Banking Group Announces Rick Ohlinger as VP of TS Ag Finance
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TS Banking Group Announces Rick Ohlinger as VP of TS Ag Finance

By: Madaline Eblen
Published: 09/02/2015

Treynor, Iowa, Sep. 2, 2015 – TS Banking Group welcomes Rick Ohlinger as Vice President of TS Ag Finance. TS Ag Finance, a new division of the TS Banking Group, is committed to serving agricultural producers with financial services including: depository services, loans for operating and real estate, and Wealth Management & Trust.

Prior to joining TS Ag Finance, Ohlinger was a vice president at Shelby County State Bank in Harlan, IA, where he managed two branch locations and managed an agricultural loan portfolio over five years. Ohlinger’s past roles also include an agricultural lending position with Midstates Bank and ING Fixed Annuity Sales in Des Moines.

Ohlinger graduated from Buena Vista University with a Bachelor of Science in finance and banking and business management. He is a native of Portsmouth, Iowa. He and his wife, Nicole, welcomed their first child in June 2015.

About TS Bank and TS Banking Group:

Treynor State Bank was chartered in 1923, branded to TS Bank in 2005, and was the beginnings of the TS BankingGroup. TS Bank is a locally owned, community bank with $288 million in assets. In addition, TS Bank has the largest state chartered C Corp trust department west of Des Moines with nearly $270 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, and Council Bluffs, IA. Michael (Mick) K. Guttau is Chairman of the Board and Joshua M. Guttau is CEO and CFO.

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TS Ag Finance recently closed a loan in Minnesota for $1,122,000. The loan proceeds were used to purchase a farm and refinance an existing mortgage. The borrower chose a 15 year reset product with a 20 year term and amortization. The loan rate will be fixed at 4.9% for 15 years at which time it will reset for the remaining 5 years.

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