Security Bank Midwest
- Bank Name:Security Bank Midwest
- Bank Class:State Chartered - FED Nonmember Bank
- Member FDIC:Certificate #485
- Routing Number:ACH & Wire - 091408695
- Locations:5 Branches in 2 states
- Web Address:sbmidwest.bank
Security Bank Midwest Information
Security Bank Midwest was founded in November 1932 and is based in Tyndall, South Dakota. The bank operates as a subsidiary of Midwest Bancshares, Inc.. According to the Federal Deposit Insurance Corporation records and based on the institution's charter type, Security Bank Midwest is classified as a commercial bank, state charter and Fed nonmember, supervised by the FDIC. Security Bank Midwest is a FDIC-insured bank with certificate number of 485. The assigned Fed RSSD ID of Security Bank Midwest is 435255.
Security Bank Midwest currently operates with 5 branches located in 2 states. The bank has most branches in South Dakota and Minnesota. Security Bank Midwest is the 36th largest bank in South Dakota with 3 branches; 186th in Minnesota with 2 branches.
A routing number is a nine-digit code used to identify a financial institution. The bank has one routing number in our database and the routing number for Security Bank Midwest is 091408695. This routing number is necessary to process ACH transfers, wire transactions, direct deposits, bill payments, and other monetary transfers within the US.
The full address of bank headquarters is 1600 Main Street, Tyndall, SD 57066. You can visit the official website of the bank at https://www.sbmidwest.bank for more information and online banking service if available. For a comprehensive list of Security Bank Midwest branches, including detailed information such as hours of operation, contact numbers, addresses, available services, and more, please narrow your search by selecting a location from the map or list below.
Map Of Branch Locations
History Of Security Bank Midwest
Security Bank Midwest is a financial institution that was originally established as Security State Bank on November 1, 1932. The bank underwent several name changes and expansions throughout its history. On September 30, 1989, the main office was relocated to Main Street in Tyndall, South Dakota. In 2006, the bank changed its name to Security State Bank and also moved its main office to 1600 Main Street in Tyndall. The bank continued its growth by acquiring Dakota Heritage State Bank in Chancellor, South Dakota, on November 1, 2012, and Commercial Bank of Minnesota in Heron Lake, Minnesota, on October 1, 2013. The institution underwent its final name change to Security Bank Midwest on November 1, 2021, reflecting its expanded geographic presence and operational focus.
Below is a list of some important events in bank's history, including mergers and acquisitions.
11-01-2021Changed Institution Name to Security Bank Midwest.
10-01-2013Acquired Commercial Bank of Minnesota in Heron Lake, MN.
11-01-2012Acquired Dakota Heritage State Bank in Chancellor, SD.
03-31-2006Changed Institution Name to Security State Bank.
03-31-2006Main Office moved to 1600 Main Street, Tyndall, SD 57066.
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