Security State Bank of Tyndall SD was granted its charter on November 1, 1932. The original bank location was the former Security Bank building located north of the present location. In 1934, Security State Bank moved to the current location when it purchased the former First National Bank building located at 1600 Main St in Tyndall, South Dakota.
Security State Bank has seen many changes over the years and with these changes the bank has grown and expanded. In 1965 and again in 1992 the bank underwent a remodel that has the bank currently at 5600 square feet. The most recent remodel in 1992 brought the bank the opportunity to provide their customers convenient services such as drive-up, mail drop and handicap accessibility.
Security State Bank has been serving the financial needs of the Chancellor Community since 1904. The Bank was originally chartered as Chancellor State Bank and first opened for business June 1, 1904. The Bank was organized by a number of local businessmen with an initial Capital Investment of $6,000 total from nine shareholders.
In December of 2011, Dakota Heritage State Bank was sold to Midwest Bancshares, Inc., based in Tyndall, South Dakota. Midwest Bancshares, Inc. is comprised of Thomas S. Laird, John J. Baumiller and other closely related parties related to the Bank. The Bank was merged and renamed Security State Bank in October of 2012. The merger of the two banks created a $75 million one bank system for Midwest.
Tyndall office
1600 Main Street
Tyndall, SD 57066
Phone: 605-589-3313
ATM available
Chancellor office
221 Main Street
Chancellor, SD 57015
Phone: 605-647-2228
ATM available
Heron lake mn office
274 10th Street
Heron Lake, MN 56137
Phone: 507-793-2334
ATM available
