Security Bank Minnesota

  • Bank Name:Security Bank Minnesota
  • Bank Class:State Chartered - FED Nonmember Bank
  • Member FDIC:Certificate #10984
  • Routing Number:ACH & Wire - 091908399
  • Locations:3 Branches in Minnesota
  • Web Address:securitybankmn.com
Headquarters:437 Bridge Avenue, Albert Lea, Minnesota 56007

Security Bank Minnesota Information

Security Bank Minnesota was founded in January 1906 and is based in Albert Lea, Minnesota. The bank operates as a subsidiary of Lake Bank Shares, Inc. Employee Stock Ownership Plan. According to the Federal Deposit Insurance Corporation records and based on the institution's charter type, Security Bank Minnesota is classified as a commercial bank, state charter and Fed nonmember, supervised by the FDIC. Security Bank Minnesota is a FDIC-insured bank with certificate number of 10984. The assigned Fed RSSD ID of Security Bank Minnesota is 295057.

Security Bank Minnesota currently operates with 3 branches located in Minnesota. Security Bank Minnesota is the 137th largest bank in Minnesota. The bank does not have any offices outside Minnesota.

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 Minnesota is 091908399. 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 437 Bridge Avenue, Albert Lea, MN 56007. You can visit the official website of the bank at https://www.securitybankmn.com for more information and online banking service if available. For a comprehensive list of Security Bank Minnesota 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

Bank Offices In Minnesota

437 Bridge Avenue, Albert Lea 56007
195 North Broadway, Alden 56009
201 Main Street, Emmons 56029

History Of Security Bank Minnesota

Security Bank Minnesota, originally established as Manchester State Bank in 1906, has undergone several name and structural changes throughout its history. On January 7, 1946, the institution was renamed Security State Bank of Albert Lea, and its main office was relocated to 437 Bridge Avenue in Albert Lea, Minnesota. Subsequently, on May 18, 1981, the main office moved to a new location at 427 Bridge Avenue in Albert Lea. The institution became a member of the Federal Reserve System on September 5, 1989, and subsequently changed its name to Security Bank Minnesota on February 21, 1989. In the early 2000s, on July 14, 2003, Security Bank Minnesota acquired First State Bank of Emmons, located in Emmons, Minnesota. However, significant regulatory changes occurred on February 13, 2013, when the bank withdrew from membership in the Federal Reserve System, changed its bank class to a state-chartered bank, and designated the Federal Deposit Insurance Corporation (FDIC) as its primary federal regulatory agency.

Below is a list of some important events in bank's history, including mergers and acquisitions.

02-13-2013Changed Primary Federal Regulatory Agency to FDIC.

02-13-2013Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

02-13-2013Institution withdraws from membership in the Federal Reserve System.

07-14-2003Acquired First State Bank of Emmons in Emmons, MN.

09-05-1989Institution becomes member of the Federal Reserve System.

View 5 More Events in Bank's History …

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Bank Rating & Reviews
2.0 / 5
  • Rating 2.00/

Bank rating displayed here is the average value for all Security Bank Minnesota branches. A total of 1 customers had cast their vote for 3 branches and in average, Security Bank Minnesota got a score of 2.0 out of 5 stars.

Popular Branches
437 Bridge Avenue, Albert Lea, MN 56007
195 North Broadway, Alden, MN 56009
201 Main Street, Emmons, MN 56029
Newly Opened Branches

No new branches were opened in the last 12 months...

Closed Branches

No branches were closed in the last 12 months...

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