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
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 111th 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
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.
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