News

Approaching the one year anniversary of the launch of TS Ag Finance, a division of the TS Banking Group, the company has announced its partnership with CGB AGRIfinancial, headquartered in Louisville, Kentucky. CGB is one of the three primary Central Servicers for Farmer Mac, and also has eight originators of Regional Sales Officers that will have the opportunity to now refer and coordinate client business with the TS Banking Group for depository services, operating loans, and wealth management and trust services. 

TS Ag Finance is committed to serving agricultural producers (farmers, ranchers and agribusinesses) with financial services. The primary goal of TS Ag Finance is to partner with agricultural real estate loan originators and lenders to help them retain and expand their agriculture client base and services offered. Through this partnership TS Ag Finance will create a National and Regional team of individuals with first-hand knowledge and years of experience in agricultural lending. 

“We have decided to do something in a big way as we look to re-establish ourselves as a ‘go to’ agriculture bank, not only in our local market, but throughout the Upper Midwest,” stated David Buman, SVP of TS Ag Finance. “We have been excited about our first year of 30 MM in loan business, and the newly formed partnership with CGB as well as the many farming families we have helped thus far.” 

TS Ag Finance strives to address the quickly approaching gap with ongoing retirements across the industry in ag lending expertise in community banks; and provide competitive long-term fixed interest rate products for agriculture real estate loans by efficiently providing competitive long-term fixed rates through non-bank outlets, such as Farmer Mac. The division is equipped with over 40 seasoned agriculture lending relationship managers and underwriters with expertise in agricultural production and real estate, and can be found at its newly formed website tsagfinance.com. 

A team of Ag Banking Relationship Managers focuses on the current markets within TS Bank’s locations as well as the Upper Midwest. This team also specializes in the beef industry from cow/calf to feedlot operations. A National Team located in Ames, Iowa, focuses on underwriting Ag Real Estate loans originated by their network of 20+ active originators and other banks throughout the U.S. 

Farmer Mac is the stockholder-owned company created to deliver capital and increase lender competition for the benefit of American agriculture and rural communities. For more than a quarter-century, Farmer Mac has been a vital partner helping America’s rural lenders meet the evolving needs of their clients, bringing the financial strength of the nation’s premier secondary market for agriculture right to their clients’ farms. 

“We’re extremely pleased to partner with TS Ag Finance and work with Ag professionals like David Buman and others in the TS network. Both of our companies have a deep commitment to farming and our mutual goals will result in producers having more options for financing and their overall needs,” said Alan Singleton, general manager of AGRIfinancial Services, located in Louisville, Kentucky. 

AGRIfinancial is a subsidiary of Consolidated Grain & Barge, whose core business is in the grain and transportation industries. “Through many ways, we can leverage our resources to build our respective brands,” Singleton said. 

“We have complementary loans and leasing services for farmers, and we can now provide additional services working through TS Ag Finance,” added Vice President Don Mattern of AGRIfinancial Services. Additionally, he said AGRIfinancial Services’ core business involves smooth, seamless servicing to farm producers on their loans, and TS clients will enjoy that same level of service as AFS meets the servicing needs of TS Bank ag clients. 

This business alliance will collaborate to provide multiple products to agricultural producers across America. These products include: operating, intermediate and real estate loans; building and equipment leases; wealth management and trust services, and farm management needs. 

“CGB AGRIfinancial provides prompt, top quality loan servicing for TS Bank and other TS Banking Group affiliate bank clients with Farmer Mac loans. This partnership allows us to provide additional capital options to our agricultural producers and ranchers across the nation,” concluded David Buman, SVP of TS Ag Finance.

About TS Ag Finance:

Established in 2015, TS Ag Finance is committed to serving agricultural producers (farmers, ranchers and agribusinesses) with financial services including: depository services, loans for operating and real estate, and wealth management and trust services. The primary goal of TS Ag Finance is to partner with agricultural real estate originators and lenders to help them retain and expand their ag client base and services offered by creating a National and Regional team of individuals with first-hand knowledge and years of experience in agricultural lending. For more information visit tsagfinance.com.