Question 1

What is Security Financial Bank?

Accepted Answer

Security Financial Bank is an independent community bank specializing in business, agriculture, and insurance agency lending. With approximately $988 million in assets and eight full-service locations across Wisconsin, SFB serves as a trusted financial partner for small businesses, farmers, and community members throughout West Central Wisconsin.

The bank operates with a commitment to local ownership and community-focused banking. SFB maintains its independence in an era of increasing bank consolidation, with shareholders who remain dedicated to keeping the institution locally owned and operated.

Question 2

When was Security Financial Bank founded?

Accepted Answer

Security Financial Bank first opened its doors on April 6, 1934, in Durand, Wisconsin, during the Great Depression. Originally chartered as Security National Bank (SNB), it succeeded First National Bank, which began operations in 1915.

The bank was founded by local businesspeople who recognized the need for a trusted depository during economically challenging times. Despite opening during the Depression, SFB quickly became a vital financial resource for area businesses, farmers, and community members.

Question 3

Where is Security Financial Bank headquartered?

Accepted Answer

Security Financial Bank is headquartered in Durand, Wisconsin, at 212 West Prospect Street. This location has been serving the community since the bank's grand opening in 1948 when it moved into a new building constructed to better serve local customers.

Durand remains the heart of SFB's operations and represents the bank's deep roots in Pepin County and the surrounding region.

Question 4

Where does Security Financial Bank operate?

Accepted Answer

Security Financial Bank operates eight full-service banking locations throughout West Central Wisconsin. Branch locations include Durand, Eau Claire, River Falls, Bloomer, Ladysmith, Alma Center, and two branches in Black River Falls (including a motor bank).

The bank's geographic footprint reflects strategic growth through both organic expansion and strategic acquisitions of local community banks. SFB serves customers throughout Pepin, Eau Claire, St. Croix, Chippewa, Rusk, and Jackson counties.

Question 5

What services does Security Financial Bank offer?

Accepted Answer

Security Financial Bank provides comprehensive banking services tailored to business, agricultural, and insurance industry clients. Commercial lending services include business loans, lines of credit, and commercial real estate financing.

Agricultural lending represents a core specialty, with products designed specifically for farmers and ranching operations. Consumer services include personal checking and savings accounts, mortgages, and consumer loans.

Digital banking capabilities include online banking, mobile apps, and electronic payment services. The bank also offers treasury management solutions for business clients and has specialized expertise in lending to insurance agencies.

Question 6

What makes Security Financial Bank unique?

Accepted Answer

Security Financial Bank distinguishes itself through unwavering local ownership and a commitment to remaining independent. The bank's shareholder base, which originated in Durand, maintains substantial ownership and has explicitly committed to keeping SFB local rather than selling to larger institutions.

SFB's tagline, "The Bankers Who Believe in You," reflects a relationship-based banking philosophy. President and CEO Mark Oldenberg personally knows the bank's approximately 135 employees and maintains regular visits to all branch locations.

The bank has successfully grown through strategic acquisitions of other local community banks, including People's State Bank (2014), Pioneer Bank of Wisconsin (2018), and Jackson County Bank (2021). This growth strategy allows SFB to expand while maintaining its community banking model and local decision-making authority.

Question 7

What type of financial institution is Security Financial Bank?

Accepted Answer

Security Financial Bank is a state-chartered commercial bank supervised by the Federal Reserve. The bank converted from a national charter to a state charter in 2007, at which time it changed its name from Security National Bank to Security Financial Bank.

SFB operates as an S-Corporation and is a member of the Federal Reserve System. The bank is wholly owned by Security Financial Services Corporation, a holding company formed in 2000. As a community bank with agricultural specialization, SFB combines traditional relationship banking with modern banking technology to serve its regional market.

Question 8

What is Security Financial Bank's approach to community involvement?

Accepted Answer

Security Financial Bank emphasizes deep community engagement and local economic development. The bank's lending philosophy prioritizes deploying local deposit dollars back into local communities through loans to area businesses, farmers, and residents.

SFB's board of directors and management team maintain long-term perspectives on financial performance rather than short-term profit maximization. This approach allows the bank to make lending decisions that support community growth even when larger regional banks might decline such opportunities.

The bank actively participates in local events and maintains strong relationships with customers, many of whom represent second and third-generation clients. This multi-generational loyalty demonstrates the trust that communities place in SFB as their financial partner.

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About Security Financial Bank in the United States