Security Savings Bank’s history goes back to May 23, 1882, when Monmouth Homestead and Loan Association of Monmouth petitioned the State of Illinois to begin a financial institution. The petition was promptly granted and approved by the Illinois Secretary of State and the charter was dated June 30, 1882.
Throughout the years, changes in the name reflected the course of the bank’s business. In 1972, the Monmouth Savings and Loan Association and the Stronghurst Building and Loan Association merged with a new name, Security Savings and Loan Association.
In 1973, Security Savings began a program of adding new financial services to its traditional role of providing mortgage lending and deposit services. The bank now provides full loan and deposit service products in the personal, commercial/business and agriculture/business areas.
In 1994, Security Savings changed its charter to a savings bank charter and became Security Savings Bank. In 1999, Security Savings Bank became part of Security Bancorp, MHC, a mutual holding company, and the bank remains an independent, community-oriented local financial institution.
Customer relations and community involvement are cornerstones of the bank’s mission. Security Savings Bank has a commitment to provide the best in personal, business and agricultural financial needs, both in service and product.