Security Savings Bank
Security Savings Bank is an FDIC-insured community bank founded circa 1900 in Gowrie, Iowa, operating eight branches across rural Iowa communities to provide deposit accounts, consumer, agricultural, and commercial loans, and digital banking services to individuals, local businesses, and farmers.
- Company typePrivate
- Founded1900
- HeadquartersGowrie, United States
- Headcount—
- GTM typeB2B and B2C
- OfferingServices
What Security Savings Bank does
Security Savings Bank is a privately held, FDIC-insured community bank headquartered in Gowrie, Iowa, founded circa 1900 to serve the local farming and rural communities of west-central Iowa. It operates eight physical branch locations across Boxholm, Dayton, Farnhamville, Gowrie, Harcourt, Lehigh, Manson, and Stratford, providing a full-service retail and commercial banking franchise in markets that are typically underserved by larger regional and national banks.
The bank offers a comprehensive suite of traditional banking products: deposit products including personal and business checking, savings, CDs/IRAs/HSAs, Kids Club savings, and CDARS/ICS sweep products for extended FDIC coverage; lending products spanning consumer, agricultural, commercial, real estate, home equity lines of credit, and partnership-based student loans; debit cards and ATMs through the SHAZAMChek network; and ancillary services including insurance, safe deposit boxes, remote deposit, and the ID THEFTSMART identity-protection offering. Digital channels include a mobile banking app with mobile check deposit, eStatements, internet banking, and digital payments, supplemented by the BRELLA card-control app for SHAZAMChek cardholders.
Security Savings Bank's revenue model is built on net interest income from its loan and deposit franchise, supplemented by fee income from debit cards, insurance, and ancillary services. Agricultural lending, reflecting the bank's century-long heritage supporting Iowa farming, is a stated specialty and likely a meaningful contributor to loan portfolio yield. The customer base is segmented across individual consumers (primary), local small businesses, and the agricultural sector, with no publicly disclosed pricing. The Welcome Aboard Travel Club serves as a customer-engagement and retention program. President and CEO Bradley S. Lane leads the institution.
Security Savings Bank firmographics
Firmographics- Name
- Security Savings Bank
- Legal name
- Security Savings Bank
- Website
- https://securitysavingsbank.com
- Company type
- Private
- Founded year
- 1900
- Operating status
- Operating
- Short description
- Security Savings Bank is an FDIC-insured community bank founded circa 1900 in Gowrie, Iowa, operating eight branches across rural Iowa communities to provide deposit accounts, consumer, agricultural, and commercial loans, and digital banking services to individuals, local businesses, and farmers.
- Ownership category
- akta.pro rank
Security Savings Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Savings Institutions and Other Depository Credit Intermediation (522180), Commercial Banking (52211)
- SIC
- Savings Institutions, Not Federally Chartered (6036)
- akta.pro primary industry
- Savings Banks (Public/State-Owned) (FSABAKAK)
- akta.pro secondary industry
- SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)
Keywords
Where Security Savings Bank is headquartered
LocationHeadquarters
- HQ city
- Gowrie
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
Security Savings Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Distribution channels1 record
Marketing channels3 records
Security Savings Bank product offering
Product offeringCore offering
Security Savings Bank is an FDIC-insured Iowa community bank offering deposit accounts (checking, savings, CDs, IRAs, HSAs), lending products (consumer, agricultural, commercial, real estate, home equity, student), debit cards, and digital banking services through 8 branch locations and a mobile/online platform. The bank pairs traditional personal and business banking with digital channels (mobile app, mobile check deposit, eStatements, internet banking, digital payments) and supplementary offerings such as identity theft protection, insurance, safe deposit boxes, and a customer travel club.
Product overview
Security Savings Bank offers a comprehensive suite of traditional banking products and services through a single-brand, branch-based delivery model. The core product portfolio includes deposit products (checking, savings, CDs/IRAs/HSAs), lending products (consumer, agricultural, commercial, real estate, home equity, student loans), and debit card services through the SHAZAMChek network. Digital banking services include eStatements, Internet Banking, Mobile Banking App, Mobile Check Deposit, and Digital Payments. The bank also provides supplementary services such as ID THEFTSMART identity protection, insurance products, Safe Deposit Boxes, Remote Deposit, and the Welcome Aboard Travel Club. The BRELLA app provides debit card management with fraud alerts and card controls for SHAZAMChek cardholders.
Differentiator
Problem solved
Functional benefit
Brands
- Welcome Aboard Travel Club: A travel club benefit for valued bank customers offering trips around Iowa, the Midwest, and overseas at discounted prices.
- Brella
Products and services
- Checking Accounts
- Savings Accounts
- Kids Club Savings Account
- CDs-IRAs-HSAs
- Debit Cards/ATM
- CDARS & ICS
Companies that use Security Savings Bank
Customer profileSegments3 records
Ideal customer profiles3 records
Security Savings Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Security Savings Bank partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- SHAZAMcoreSHAZAM provides the SHAZAMChek debit card infrastructure for Security Savings Bank, enabling cardholder services including balance information access, fraud alerts, P2P transactions, and card blocking through the BRELLA app.
Scale indicators1 record
Recent moves4 records
Expansion highlights4 records
Security Savings Bank competitors and assessment
Company assessmentDirect peers
- Bank Iowa: Iowa-headquartered community bank serving small towns and agricultural customers with similar deposit, ag loan, and consumer/commercial banking products. Directly comparable to Security Savings Bank in geography, customer mix, and product set.
- United Bank of Iowa: Iowa community bank focused on agricultural lending, small-business banking, and retail deposits across rural Iowa markets — directly comparable in business model and footprint.
- Hills Bank: Iowa-based community bank offering deposits, ag lending, commercial loans, and digital banking across eastern Iowa — directly comparable as a regional community banking peer.
- Iowa State Bank: State-chartered Iowa community bank serving small-town and agricultural customers with deposit, lending, and digital banking services comparable to Security Savings Bank.
- Lincoln Savings Bank: Iowa-headquartered savings institution offering consumer, agricultural, and commercial banking products — a directly comparable community savings bank peer.
- MidWestOne Bank: Iowa-based community/regional bank with branches across Iowa and surrounding states, offering deposits, ag lending, commercial loans, and digital banking — comparable to Security Savings Bank but at larger scale.
- Community State Bank: Midwest community bank offering retail deposits, consumer/ag/commercial lending, and digital banking in small-town markets — directly comparable to Security Savings Bank's operating model.
- Heartland Bank: Midwest community bank providing deposit, ag, commercial, and consumer lending products to small-town and rural customers — comparable to Security Savings Bank in scope and target market.
- Farmers State Bank: Iowa community bank focused on agricultural and small-business lending with personal service and digital channels — directly comparable to Security Savings Bank's ag-banking heritage model.
Broad incumbents
- Great Western Bank: Larger Midwest regional bank offering consumer, ag, commercial, and digital banking across multiple states; serves overlapping geography and customer types as a broader incumbent.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Security Savings Bank social profiles
Digital presenceSecurity Savings Bank compliance and trust
Trust signalCompliance2 records
Security Savings Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Security Savings Bank leadership team
Management profileNumber of profiles
Profiles1 record
Security Savings Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Security Savings Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Security Savings Bank
What does Security Savings Bank do?
Security Savings Bank is an FDIC-insured Iowa community bank offering deposit accounts (checking, savings, CDs, IRAs, HSAs), lending products (consumer, agricultural, commercial, real estate, home equity, student), debit cards, and digital banking services through 8 branch locations and a mobile/online platform. The bank pairs traditional personal and business banking with digital channels (mobile app, mobile check deposit, eStatements, internet banking, digital payments) and supplementary offerings such as identity theft protection, insurance, safe deposit boxes, and a customer travel club.
Is Security Savings Bank a public or private company?
Security Savings Bank is a private company. It is classified as unknown and is currently operating.
When was Security Savings Bank founded?
Security Savings Bank was founded in 1900.
Where is Security Savings Bank based?
Security Savings Bank is headquartered in Gowrie, United States, in the North America region.
Who are Security Savings Bank's main competitors?
Direct peers on record are Bank Iowa, United Bank of Iowa, Hills Bank, Iowa State Bank, Lincoln Savings Bank, MidWestOne Bank, Community State Bank, Heartland Bank and Farmers State Bank. Great Western Bank is listed as a broad incumbent.
Does Security Savings Bank have an API?
No public API is recorded for Security Savings Bank.
What industry is Security Savings Bank in?
Security Savings Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAKAK, Savings Banks (Public/State-Owned), with a secondary code of FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs). Its NAICS code is 522180 and its SIC code is 6036.