President & CEO Message

Effective October 1st, 2013, John J. Baumiller, Thomas S. Laird and Midwest Bancshares, Inc. have merged Commercial Bank of Minnesota into Security State Bank.  We would like to welcome the Commercial Bank of Minnesota customers!  We appreciate your loyalty and continued business relationship.  We welcome you to your new website:  If you have any comments or questions regarding the merger, our services or products do not hesitate to call John Baumiller directly at:  605.647.2228.  We are also proud of the top notch team of local professionals that we have installed in Heron Lake!

Since 1953, the community of Heron Lake has been served by an outstanding group of owners; The Lloyd Family in 1953, local ownership in 1993, John J. Baumiller (Minnesota Bancshares, Inc.) in 2006 and now Baumiller and Laird (Midwest Bancshares, Inc) in 2013.  What you will find in Security State Bank is the same local ownership engagement, outstanding customer service and more robust banking products and technology due to our size.  As of October 2013 the Bank is comprised of $125 million of Assets with a team of 45 Professionals and Directors ready to exceed your service expectations.  Security State Bank remains an Independent, Community Bank.  Our investments are made locally, whether a loan or a security portfolio investment.  The Bank’s Charitable Gifts are also made locally.

We are proud to serve the Communities of Heron Lake, Okabena, Lakefield, Brewster, Westbrook, Storden, Windom and the greater Jackson and Cottonwood Counties!