Security State Bank

Security State Bank was established on April 23, 1940, as a financial institution offering banking services in Iowa. Over the decades, the bank underwent several significant changes in its operational scope and location. In December 1980, it changed its trust powers to full, expanding its service offerings. The bank's main office was relocated multiple times, including moves to 2024 Third Avenue in Waverly, Iowa, on January 4, 1993; to 933 16th Street Southwest in Waverly, Iowa, on November 25, 2002; and subsequently to 607 6th Street South in Springville, Iowa, on March 18, 2022. Finally, on June 2, 2023, Security State Bank merged with Citizens State Bank based in Monticello, Iowa, marking the conclusion of its independent operations.

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

1940-04-23Institution established. Original name: Security State Bank.

1980-12-01Changed Trust Powers to Full

1993-01-04Main Office moved to 2024 Third Avenue, Waverly, IA 50677.

2002-11-25Main Office moved to 933 16th Street, Southwest, Waverly, IA 50677.

2022-03-18Main Office moved to 607 6th St S, Springville, IA 52336.

2023-06-02Merged and became part of Citizens State Bank in Monticello, IA.