Press Releases

TCM Bank Acquires Agent Bank Portfolio of Security BankCard Center

Sep 11, 2019

Deal represents $21 million in credit card receivables and 17,000 accounts

Washington, D.C. (Sept. 11, 2019)—ICBA Bancard®, the payments services subsidiary of the Independent Community Bankers of America® (ICBA), today announced that its credit card bank, TCM Bank, N.A., has acquired the agent bank portfolio of Security BankCard Center, Inc. 

The newly acquired portfolio adds approximately $21 million in credit card receivables and 17,000 business and consumer credit card accounts from 28 community banks. TCM will own the credit card assets of the new portfolio but will continue branding and marketing the cards under the names of the 28 community bank partners.

“Adding the Security BankCard Center business to our portfolio aligns with our small business and purchasing card growth strategy and further establishes TCM as an ideal partner for community banks in the credit card industry,” said TCM Bank President and CEO Damon Moorer.

The purchasing card is optimal for mid-size to large corporations looking to simplify the payables process and increase control over spending. Adding this sophisticated credit card product, along with ePayables, removes payment friction and reduces operating expenses for TCM’s agent bank business customers.  It can also help agent banks expand their product suite to retain and acquire new corporate clients.

“Once we made the strategic decision to exit the agent bank space, it was our aim to provide a viable solution for our partner banks,” said Lorrie Madden, president of Security BankCard Center. “We believe TCM Bank provides exactly that, and are pleased with the outcome for all parties involved.”

TCM Bank will complete onboarding the new agent banks by the end of September 2019. The conversion of the credit card accounts is planned for first quarter 2020.

The transaction was facilitated by The Kessler Group. The Kessler Group is a manager, advisor and structuring partner to credit card issuers, banks, credit unions and payment networks.

About ICBA Bancard

ICBA Bancard® is the wholly owned payment services subsidiary of the Independent Community Bankers of America. ICBA Bancard’s community bank issuers generated more than $28 billion in sales volume in 2018 and are ranked collectively as the 24th largest credit card portfolio in the United States. ICBA Bancard enables thousands of community banks to provide competitive credit card, debit card, ATM and merchant processing solutions. The company also provides exclusive services to issuers including its Fraud Loss Protection Plan, marketing support, and product education. For more information, visit

About TCM Bank. N.A.

With nearly $300 million in assets, TCM Bank, N.A., a subsidiary of ICBA Bancard, provides credit card services for community banks including consulting, portfolio acquisition, product development and agent bank sponsorship. Through its Total Card Management® program, TCM helps banks promote their branded cards while limiting their exposure to risk and expense. For more information, visit


Media Contacts

StokesAleis-5176r-5x7Aleis Stokes
SVP, Communications

Swann-8218Nicole Swann
VP, Communications