News

New Bank Plans To Open Branch Location In Jackson

Thu 5-14-2020

(Jackson, Mn.)-- A new bank is planning on coming to Jackson. Pending regulatory approval, Security State Bank will be opening up a branch in Jackson. John Baumiller, CEO of Security State Bank, says they are familiar with Southwest Minnesota…Baumiller01 

“We have four existing bank charters, and Jackson will be our fifth. We have a nearby branch in Heron Lake, Minnesota. We acquired that bank in 2006, formerly known as Heron Lake State Bank, so we’re familiar with Jackson County and the Southwest Minnesota Area. Our other three branches are located in South Dakota. We serve basically Southeastern South Dakota. Our clients are rural in nature. We serve smaller, rural communities and the businesses that serve the Ag industries.” 

Pending approval, Security State Bank plans to open their Jackson branch late summer or early fall.

(Courtesy Community First Broadcasting station KKOJ in Jackson, Mn.)