Why Security

Predictable and reliable. It’s what you get with generations of leadership and ownership.

Growing, together.

Our engaged team of smart, agile specialists intrinsically understand business and work to accomplish your goals. Consider us as an embedded team with the tools and solutions that are right for your needs. Our focus is on you because as you grow, we both succeed.


Let's Focus on Your Needs Today

Living Our Values

We believe in providing a stable, enjoyable working environment that individuals want to work in and others want to work with. Our values are:

  • Great People
  • Straight Talk
  • Going the Extra Mile
  • Common Sense
  • Results, Not Promises
  • Teamwork

It’s important that integrity, respect, and friendly service are always present while we work together to provide the best financial solution.


Arthur W. Hoese, Founder of Security Bank & Trust Co.

Our History

Security Bank & Trust Co. was first organized and chartered to commence business on October 10, 1935 as Security State Bank of Glencoe by Arthur W. Hoese.

The bank purchased the building formerly owned by the Bank of Glencoe to start its operation. The 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 furthermore into neighboring communities through starting new branches and acquiring others. 

Today, we still operate out of our first location in Glencoe, but we have also added 20 more convenient locations across our Minnesota.

We’ve grown because our customers have trusted us – with their business, their farms, their savings, their retirements, and their everyday banking needs. We are forever grateful that we have grown alongside our customers’ successes.

From Arthur Hoese to his son Clayton Hoese, and now our current CEO, Gale Hoese; the Hoese family continues to lead on the same principles by which it was founded: personal relationships, trust, and community involvement.


Security State Bank of Glencoe Opens


Purchased the First State Bank of Brownton


Trust Department was started and bank name changed to Security Bank & Trust Co.


Opened a branch location in Plato, MN


Purchased Security Bank Waconia


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


Opened branch location in Chaska, MN


Purchased branch locations in New Germany and Mayer, MN


Opened an in-store branch location at Mackenthun's Foods, Waconia, MN

Opened a branch location in New Auburn, MN


Built Corporate Office in Glencoe, MN

Opened a branch location in Cologne, MN


Acquired Flagship Bank Winsted adding a branch location in Winsted, MN


Merged Security Bank Waconia into Security Bank & Trust Co.


Acquired Hamburg State Bank adding a branch location in Hamburg, MN


Acquired Cambridge State Bank adding branch locations in Cambridge, MN

Acquired Flagship Bank Minnesota adding branch locations in Wayzata, Minnetonka, Eden Prairie, White Bear Lake, Ramsey, and Isanti, MN


Banking needs are changing. We understand and are investing in delivering cutting-edge technologies to improve your customer experience and access to information 24/7: mobile, tablet, or online. Reinvesting in technology and expanding our branch network allow us to continue to deliver next-generation banking services to a growing number of communities.

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