TCM Bank Acquires Fifth Third Bank Agent Bank Portfolio


Deal represents $97.9 million in credit card receivables and 90,000 accounts

Washington, D.C. (Aug. 11, 2016)— ICBA Bancard®, the payments services subsidiary of Independent Community Bankers of America® (ICBA), today announced that its credit card bank, TCM Bank, N.A., has acquired the agent bank portfolio of Fifth Third Bank. 

The purchase marks the largest credit card acquisition in TCM’s history, bringing its total assets to $292 million.

“Adding the Fifth Third business to our portfolio aligns perfectly with our growth strategy and further establishes TCM’s role as an ideal partner for financial institutions in the credit card industry,” said TCM Bank President and CEO Damon Moorer.

The newly acquired portfolio adds approximately $97.9 million in credit card receivables and 90,000 small business and consumer credit card accounts from 115 financial institutions. TCM will own the credit card assets of the new portfolio, but continue branding and marketing the cards under the names of the 115 other financial institutions.

“Financial institutions that have sold their portfolio to TCM Bank can rest easy knowing that unlike many other credit card issuers, TCM Bank does not offer competing financial services,” adds Joe Pierce, chairman of TCM Bank’s board of directors and CEO of Farmers State Bank in Lagrange, Ind. “It’s a win-win for everyone.”

Each agent bank has control of the payment channel and the customer relationship. Agent bank clients increase their profitability, achieve a competitive advantage in the marketplace, and receive additional fraud loss prevention tools and other services for their customers.

TCM Bank expects to complete the integration by the end of the year.

About ICBA Bancard & TCM Bank. N.A.
ICBA Bancard® is the wholly owned payment services subsidiary of the Independent Community Bankers of America. ICBA Bancard’s community bank issuers generated $22 billion in sales volume in 2015 and are ranked collectively as the 25th largest credit card portfolio in the United States. Through ICBA Bancard, banks provide competitive payments solutions and provides exclusive services to issuers including its Fraud Loss Protection Plan, marketing support and product education. 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

About ICBA
The Independent Community Bankers of America®, the nation’s voice for more than 6,000 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services.