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TS Prosperity Group acquires consultant group

Kristi Krayneski, Chief Operating Officer of TS Prosperity Group (left), Norm Collins (center), and Josh Guttau (right), mark the sale of Collins Consulting to TS Prosperity Group.

A subsidiary of Iowa’s TS Bank, Treynor, will acquire Collins Consulting Service on Aug. 1.

Collins Consulting Service of Treynor provides tax, accounting and payroll services to a growing number of clients in western Iowa, Omaha and the Midwest.

Norm Collins, the principal owner of the company, has been providing accounting, tax and consulting services for 47 years and has operated the company at its current location since 2005, with seven employees that work on payroll, accounting, and income tax preparation services.

Collins Consulting Service will relocate into the TS Bank building located at 15 E. Main Street, Treynor, Iowa in September of 2018 as Collins Consulting, Inc. It will become part of TS Prosperity Group’s suite of services, which include investment management and fiduciary services across the Midwest.

“As each year passes, the light at the end of one’s career gets brighter, and as I have reflected on that the last few years, I desired to position Collins Consulting with a future owner that has the same commitment as I to continue providing great service to our clients [and] keep the business in the southwest Iowa area for the benefit of our current employees,” Collins said.

Treynor State Bank, a community bank headquartered in Treynor, Iowa, has six additional locations in southwest Iowa and more than $400 million in banking assets. TS Prosperity Group and TS Bank are part of the TS Banking Group network, which has more than $1 billion in banking and fiduciary assets.

“I am very excited that Norm decided to have Collins Consulting join the TS Banking Group moving forward, as together I believe we will be able to provide an even better client experience and suite of services to the existing clients of both businesses,” said Josh Guttau, CEO of TS Banking Group. “I am hopeful this partnership will afford Norm with the flexibility to continue working with his clients for many years to come, and provides his clients with great continuity of service for years to come.”