Part of your community, part of your life is more than just a tag line for the team at Security Savings Bank. Serving customers in the Monmouth and Stronghurst communities, as well as beyond those county lines, Security Savings Bank dates back over 140 years ago, shares President and CEO Brad Ray:
“Security Savings Bank is a little unique, we are a mutually owned financial institution, which means we are owned by our depositors, by our customers. We do not have stockholders, which is nice, because then we don’t have to pay dividends out to stockholders. We can retain our earnings; we can pay and reinvest back into our community and pay our employees well. We have been around for a long time, 140 plus years, 1882 was when we were established from Savings and Loans Institutions, both Monmouth and Stronghurst. Those merged in the early 1970s and then since the early 1990s we have been operating as a savings bank, which allows us to act as any other commercial bank.”
Security Savings Bank is the WMOI/WRAM Local Business Showcase for the month of October.
