SECURITY BANK MINNESOTA HISTORY
- Bank Name:Security Bank Minnesota
- Bank Class:Federal Reserve Non-member Bank
- Member FDIC:Certificate #10984
- Locations:3 Branches in Minnesota
Security Bank Minnesota was founded on January 1, 1906 and has been serving the financial needs of their customers for over 118 years.
Security Bank Minnesota currently operates with 3 branches located in Minnesota as a subsidiary of Lake Bank Shares, Inc. Employee Stock Ownership Plan. Check below for important events in banks history.
IMPORTANT EVENTS IN BANKS HISTORY
Below is a list of some important events in the history of Security Bank Minnesota, including mergers and acquisitions.
DATEEVENT
01-01-1906Institution established. Original name: Manchester State Bank (Incorporated).
01-07-1946Changed Institution Name to Security State Bank of Albert Lea.
01-07-1946Main Office moved to 437 Bridge Avenue, Albert Lea, MN 56007.
05-18-1981Main Office moved to 427 Bridge Avenue, Albert Lea, MN 56007.
02-21-1989Changed Institution Name to Security Bank Minnesota.
09-05-1989Institution becomes member of the Federal Reserve System.
07-14-2003Acquired First State Bank of Emmons (5139) in Emmons, MN.
02-13-2013Institution withdraws from membership in the Federal Reserve System.
02-13-2013Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).
02-13-2013Changed Primary Federal Regulatory Agency to Fdic.
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