Security Bank
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The Security Bank was established in the year 1912 as a bank which was unincorporated. The Security Bank was established by a person called W.E. McLaughlin. In the year 1918 the sons of W.E. McLaughlin got a state charter and immediately after that renamed the bank as Security State Bank and Trust Co. The Security Bank was one of those very rare banks that went through the period of Great Depression and thereafter never looked back. The main business of the Security Bank was and still is financing the farmers who are related to the business of cotton.
The Security Bank offers various kind of facilities like :
- Checking Accounts
- Savings Accounts
- Certificates of Deposit and Individual Retirement Accounts
- Credit cards Personal Loans
- Business Loans
- Home Loans
- Telebank
- Trust Services
Security Bank Checking Accounts: Security bank offers various kind of checking accounts such as:
- Platinum Star Checking
- Gold Star Checking
- Silver Star Checking
- Interest Option
- Security Blanket Option
- Money Market Checking
Security Bank Savings Accounts:
The Security Bank Savings Account does not require any kind of pass books to keep the record of the balance in the account. One needs to pay a minimum of $100 to open an amount of this kind. The students on the other hand needs to pay an amount of $25 to open an amount of this kind. One has to keep a minimum balance of $300 to avoid paying any service charge. The service charge is not applicable for the students account. The Security Bank pays off the interest rates at the end of every three months.
Certificates of Deposit:
The Security bank offers Certificates of Deposits from an amount of $1000 to any amount of money. The term may vary from seven days to a period of 2 ½ years. The Security bank also offers Individual Retirement Account to those who look to save money for their retired ages and also to offer certain amount of money to college students.
Home Loans:
Security Bank also offers Home Loans to their customers that consists of variable interest and mortgage rates. People can choose from whatever convenient they feel.
