Question 1

What is Security State Bank - Sutherland?

Accepted Answer

Security State Bank - Sutherland is a community-focused commercial bank serving northwest and northeast Iowa with an emphasis on agricultural banking. Founded in 1931 and headquartered in Sutherland, Iowa, the bank operates five branches across O'Brien County and surrounding areas. With approximately $457.7 million in total assets and $303 million in deposits, Security State Bank provides personalized banking services to farmers, businesses, and individuals throughout rural Iowa communities.

The bank is part of Old O'Brien Banc Shares Inc. and maintains an S-Corp structure with FDIC insurance.

Question 2

When was Security State Bank - Sutherland founded?

Accepted Answer

Security State Bank was founded in 1931 in Sutherland, Iowa, during the Great Depression era. The bank was established to serve the agricultural communities of O'Brien County and the surrounding region at a time when many rural banks were failing.

Through nearly a century of operation, the bank has remained locally owned and locally involved, weathering economic challenges while maintaining its commitment to community banking. The institution has grown organically and through strategic mergers, including the significant 2019 merger with Peoples Savings Bank of Elma, Iowa, which was legally finalized under the Security State Bank name on January 1, 2023.

Question 3

Where is Security State Bank - Sutherland headquartered?

Accepted Answer

Security State Bank is headquartered at 109 West 2nd Street in Sutherland, Iowa (ZIP code 51058), located in O'Brien County in northwest Iowa. The Sutherland headquarters has served as the bank's home base since its founding in 1931.

The main office provides full-service banking with lobby hours Monday through Thursday from 8:30 AM to 3:00 PM, extended Friday hours until 5:00 PM, and drive-up services including Saturday morning hours from 8:00 AM to 11:00 AM.

Question 4

Where does Security State Bank - Sutherland operate?

Accepted Answer

Security State Bank operates five branch locations across northwest and northeast Iowa, serving both urban and rural communities:
• Sutherland (headquarters) - O'Brien County
• Paullina - O'Brien County  
• Elma - Howard County (acquired through 2019 merger with Peoples Savings Bank)
• New Hampton - Chickasaw County
• Frederika - Bremer County

The bank's geographic footprint spans from the northwest agricultural region to the northeast corner of Iowa, allowing it to serve diverse farming and business communities across multiple counties.

Question 5

What services does Security State Bank - Sutherland offer?

Accepted Answer

Security State Bank provides comprehensive personal and business banking services tailored to agricultural and rural communities:

Personal Banking: Checking and savings accounts, money market accounts, certificates of deposit, individual retirement accounts (IRAs), health savings accounts, and personal loans.

Agricultural Lending: Specialized farm operating loans, equipment financing, real estate loans, and livestock financing designed for Iowa's agricultural economy.

Business Banking: Commercial checking accounts, business savings, commercial real estate loans, commercial and industrial loans, equipment financing, and cash management services.

Digital Banking Services: Full-featured online banking, mobile banking app, mobile check deposit, electronic alerts (eAlerts), online bill pay, person-to-person (P2P) payments, mobile wallet integration (Apple Pay, Google Pay, Samsung Pay), and external account transfers. The bank also offers credit monitoring and budgeting tools integrated into their digital platform.

Additional Services: Debit cards with card controls through the mobile app, ATM access, safe deposit boxes, and fraud prevention services with real-time transaction alerts.

Question 6

What makes Security State Bank - Sutherland unique?

Accepted Answer

Security State Bank distinguishes itself through several key characteristics:

Agricultural Specialization: The bank has maintained a strong focus on agricultural lending since 1931, with deep expertise in farm operations, crop financing, and rural real estate. This specialization positions them as trusted partners for Iowa's farming communities.

Local Ownership and Community Commitment: As a locally owned and operated institution for nearly 95 years, the bank emphasizes the tagline "When you want a banker, not just a bank." They prioritize relationship banking with personalized service and local decision-making.

Modern Digital Capabilities: Despite their community bank size, Security State Bank offers sophisticated digital banking technology including comprehensive mobile app features with card controls, fraud prevention tools, credit monitoring, budgeting platforms, and seamless integration across devices.

Strategic Growth Through Community Partnerships: The bank's 2019 merger with Peoples Savings Bank of Elma demonstrated their commitment to preserving community banking traditions while expanding their footprint and capabilities to serve more Iowa communities effectively.

Question 7

What type of financial institution is Security State Bank - Sutherland?

Accepted Answer

Security State Bank - Sutherland is a state-chartered commercial bank with agricultural specialization. As a state member bank, it operates under Iowa state banking regulations and is insured by the Federal Deposit Insurance Corporation (FDIC).

The bank is structured as an S-Corporation and holds fiduciary powers, which it actively exercises. This classification allows the bank to provide trust services and manage fiduciary accounts for customers. With its primary focus on agricultural lending and community banking services, Security State Bank exemplifies the traditional community bank model that emphasizes local relationships, personalized service, and deep understanding of the regional economy's needs.

Security State Bank - Sutherland

in the United States 🇺🇸

Crypto-Friendliness

All done!

About Security State Bank - Sutherland in the United States