If you’re searching for one of the best banks in Minnesota, especially as a small business owner, nonprofit leader, or individual looking for a highly ranked community bank, independent recognition matters.
In 2026, Security Bank & Trust Co. has been recognized at both the state and national level for financial strength, customer satisfaction, and overall value. These rankings reinforce what our customers experience every day: local decisions, consistent execution, and a bank that is built to serve Minnesota communities, not manage them from afar.
What independent rankings said in 2026
Eight organizations rated, ranked or recognized us this year. They measure different things, which is the point: growth, financial condition, what customers report, community involvement and how business owners and neighbors vote.
Inc. 5000: No. 845 in America
Security Bank & Trust Co. was named No. 845 on the 2026 Inc. 5000, the annual ranking of the fastest-growing private companies in America. Placement is verified revenue growth over three years, on a list where banks are rare.
Business Journal Fast 50: No. 42 in the Twin Cities
The Minneapolis/St. Paul Business Journal ranked us No. 42 on its 2026 Fast 50, the annual list of the 50 fastest-growing private companies in the Twin Cities. Our revenue grew 41.8% from 2023 to 2025, verified by an independent accounting firm, and it is our first year on the list. In 2025 the same publication ranked the 50 fastest-growing banks in the Twin Cities on five-year deposit growth and placed us third.
GoBankingRates: Top 3 banks in Minnesota
Ranked among the Top 3 banks in Minnesota by GoBankingRates on a weighted analysis of assets, fees, rates, services and mobile app ratings.
Newsweek: 5-Star Rating, America's Best Regional Banks & Credit Unions
A 5-Star rating in Newsweek's 2026 rankings, which weigh profitability, risk exposure and stability alongside customer feedback. It is our second year on the list; the announcement has the detail.
WalletHub: 5-Star Rating, Best Banks in Minnesota
A 5-Star rating on WalletHub, which scores banks from customer reviews posted on its own platform. Of everything on this page, it is the one rating written entirely by the people who bank with us.
Twin Cities Business: Gold, Best Minnesota Business Bank
More than 11,000 readers voted in the 2026 Best of Business awards and Security Bank & Trust Co. took Gold for Best Minnesota Business Bank, repeating the Gold we were given in 2025. If you are comparing banks for a business, this is the award to read.
Minnesota Bankers Association: 2026 Community Champion
The Minnesota Bankers Association named Security Bank & Trust Co. a 2026 Community Champion Recognition bank. The state bankers association recognizes member banks for their work in the communities they serve, and 2026 is our second year on its list.
Best of Carver County: Best Bank, Best Mortgage Lender and Best Financial Planner
Readers of the Sun Patriot voted Security Bank & Trust Co. a winner in three categories of the 2026 Best of Carver County awards: Best Bank, Best Mortgage Lender and Best Financial Planner. It is our third straight year as the readers' choice for mortgage lending, voted by the people buying homes in Chaska, Waconia, Cologne, Hamburg, Mayer and New Germany.
These eight sit on top of the 2024 and 2025 record: three Twin Cities Business awards accepted by our CEO, our Chief Lending Officer and our head of Trust in a single year, a 5-Star Superior rating from BauerFinancial, and reader votes in Glencoe and Carver County. The full record on our recognitions page lists every one from 2024 to 2026 with the organization behind it.
Why this matters if you are leaving a large bank
Many Minnesota businesses and individuals come to us after feeling stuck at a large national bank. The issue is rarely products or technology. It is usually decision-making, responsiveness and trust.
Read together, these recognitions say four things about how we operate:
- Local decision-making by people who understand Minnesota businesses and communities
- Financial strength and stability, confirmed by independent third parties
- High customer satisfaction, driven by real relationships and follow-through
- Consistency, not teaser rates or call-center banking
For customers, that means fewer handoffs, clearer answers, and a banking relationship that works when timing and execution matter.
A community bank built for Minnesota
Security Bank & Trust Co. opened in Glencoe in 1935 and today runs 21 branches across 18 Minnesota communities: Brownton, Cambridge, Chaska, Cologne, Eden Prairie, Glencoe, Hamburg, Isanti, Mayer, Minnetonka, New Auburn, New Germany, North Oaks, Plato, Ramsey, Waconia, Wayzata and Winsted. We serve businesses, families, municipalities and nonprofits from those offices, and every lending and trust decision described on this page is made by people who work in them.
We do not chase hot money. We do not outsource decisions. We do not rotate relationship managers every year. Our growth comes from long-term relationships with Minnesotans who value stability, clarity, and a bank that can move when it counts. Find the branch nearest you.
What the rankings do not tell you
Rankings are a starting point, not a banking relationship. What matters most is how a bank shows up when you need a decision, a structure, or a partner you can rely on. That is the work we do every day, and it looks different depending on what you need:
- Business checking and savings for the day-to-day accounts the Best Minnesota Business Bank vote is about
- Business lending for commercial real estate, equipment, acquisition and construction financing decided here
- Trust and wealth management from the team Twin Cities Business readers placed among the top three in 2025
- Personal accounts for families in the communities above
If you are looking for a top-ranked community bank in Minnesota and considering a move away from a large national institution, we would be glad to talk. The useful next step is a conversation with the person who would handle the account.
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