Why Security

Why do people choose Security Bank & Trust Co.?

For four reasons that come up in almost every conversation with someone who has switched: the decision on their loan or account is made by a person they can meet, they keep the same banker year after year, the online and mobile tools do what a big bank's do, and their deposits stay in Minnesota and come back as loans, bonds and gifts in their own town.

We are friendly bankers who execute. That means a straight answer, a person who returns the call, and a bank large enough to fund the project and small enough to answer the phone.

Businesses in Minnesota have been choosing that trade for ninety years. RAM Buildings, a wood and steel frame builder, chose us for its lines of credit, cash management and remote deposit because its founders wanted a partner who understood both the industry and their growth plans. Our post on why small businesses are leaving big banks tells their story and two others.

How do I open an account at Security Bank & Trust Co.?

Most people are done in about fifteen minutes. Bring a government-issued photo ID, your Social Security number, and the opening deposit, then start with a personal banker, stop into any of our 21 branches, or download the application and bring it with you. A real person finishes it with you either way. Businesses can bring three months of statements from their current bank, and we will say what the same activity would cost here, usually within a day.

1. Pick the accountUse the tables on the personal accounts or business accounts page, or skip them and tell a banker how you use your money. That is faster than reading a comparison chart.
2. Gather what you needA government-issued photo ID, your Social Security number, and the opening deposit. Opening jointly means both people bring ID. A business brings its ownership documents as well; a business banker will tell you which.
3. Open itWith a personal banker, at any branch, or by bringing the downloaded application with you. Switching from another bank? Tell us, and we help move direct deposits and automatic payments over.

Who leads Security Bank & Trust Co.?

The bank is led by the third generation of the family that founded it. Gale Hoese is Chief Executive Officer, Andy Schornack is President, and an executive team of nine runs lending, retail banking, operations, risk, trust, people and governance. The board of directors includes fourth-generation family shareholders, and the people you will deal with day to day are on our team page.

Gale Hoese

Chief Executive Officer

Marcus P. Hoffmann

Executive VP, Trust

Kellie Oestrich

Human Resources Manager

Lynn Rhodes

Chief Risk Officer

Andy Schornack

President

Julie Schornstein

EVP, Retail Banking

Rachel Schuette

Chief Operating Officer

Marilee Vacek

Corporate Secretary

Brian Wagner

Chief Lending Officer

What are Security Bank & Trust Co.'s values?

Six. We believe in providing a stable, enjoyable working environment that people want to work in and others want to work with, because that is what a client feels on the other side of the desk.

• Great people
• Straight talk
• Going the extra mile
• Common sense
• Results, not promises
• Teamwork

Integrity, respect and friendly service run through all six while we work together on the right financial solution.

What is the history of Security Bank & Trust Co.?

Security Bank & Trust Co. was chartered on October 10, 1935 as Security State Bank of Glencoe by Arthur W. Hoese. The bank bought the building formerly owned by the Bank of Glencoe to start, and its first employees were Arthur W. Hoese, President; Frank Heaney, Cashier; Howard Hoese, Bookkeeper; and Dorothy Heaney, Stenographer.

Over the years the bank expanded into the adjacent Gaines store in Glencoe and then into neighboring communities, by opening new branches and acquiring others. Today we still operate from that first location in Glencoe, and we have added 20 more offices across Minnesota.

We grew because our customers trusted us with their businesses, their farms, their savings, their retirements and their everyday banking. From Arthur Hoese to his son Clayton Hoese, and now Chief Executive Officer Gale Hoese, the family has led on the same principles the bank was founded on: personal relationships, trust and community involvement.

1. 1935Founded

   Security State Bank of Glencoe opens

2. 1975Acquired

   Purchased the First State Bank of Brownton

3. 1979Trust and a new name

   Trust Department started, and the bank's name changed to Security Bank & Trust Co.

4. 1980Opened

   Opened a branch in Plato

5. 1989Acquired

   Purchased Security Bank Waconia

6. 1992Merged

   Merged First State Bank of Brownton into Security Bank & Trust Co.

7. 1993Opened

   Opened a branch in Chaska

8. 1996Acquired

   Purchased branches in New Germany and Mayer

9. 2003Opened

   Opened an in-store branch at Mackenthun's Foods in Waconia, and a branch in New Auburn

10. 2006Built and opened

    Built the corporate office in Glencoe, and opened a branch in Cologne

11. 2013Acquired

    Acquired Flagship Bank Winsted, adding a branch in Winsted

12. 2014Merged

    Merged Security Bank Waconia into Security Bank & Trust Co.

13. 2019Acquired

    Acquired Hamburg State Bank, adding a branch in Hamburg

14. 2024Two acquisitions

    Acquired Cambridge State Bank, adding branches in Cambridge.

    Acquired Flagship Bank Minnesota, adding branches in Wayzata, Minnetonka, Eden Prairie, White Bear Lake, Ramsey and Isanti.

15. 2025Ninety years

    Ninetieth anniversary, and the launch of the Local Return Initiative

Does a community bank have the technology I need?

Yes, and it is one of the places we lead. Every personal and business account comes with online banking and the SBTC Mobile app: one sign-in for your personal accounts and your business, mobile check deposit, bill pay, transfers, biometric sign-in, and My Cards, where you turn your debit card off and on yourself in seconds. Businesses add treasury management on top. The difference from a large bank is not the app. It is that the person who set it up for you answers the phone when you call.

See everything the app does on online and mobile banking, and for businesses, the guide to treasury management.

What do outside reviewers say?

Twenty-one recognitions in three years, from Newsweek to the McLeod County Chronicle, including gold for best business bank in Minnesota two years running and best bank in Glencoe, the town where we started. The full record, and what each award measures, is on our ratings and recognitions page, and our post on being named one of the best banks in Minnesota explains what the rankings do and do not tell you.

Rankings are a starting point, not a banking relationship. The better test is the one you can run yourself: call a branch and see who answers.

Where is Security Bank & Trust Co.?

Headquartered in Glencoe, with 21 offices in 18 Minnesota communities: Glencoe, Brownton, Plato, Winsted and New Auburn in McLeod and Sibley counties. Waconia, Chaska, Cologne, Hamburg, Mayer and New Germany in Carver County. Minnetonka, Eden Prairie and Wayzata in the west metro. North Oaks and Ramsey in the north metro. Cambridge and Isanti in Isanti County. Locations and hours has every address.

Questions people ask before they switch

Account opening is subject to identity verification and the bank's account agreements. Loans are subject to credit approval. Historical dates are from the bank's records. Page last reviewed September 2026.