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Security Bank is a community bank headquartered in Springfield, IL offering checking, savings, mortgages, auto loans, and business banking services with a focus on personalized customer service.
Data compiled from public sources
Security Bank is a Springfield, Illinois-based community bank that operates multiple branches across the Central Illinois region. The institution positions itself as a customer-centric financial institution committed to understanding individual and business banking needs within its local community. Founded with an emphasis on personalized service, Security Bank distinguishes itself as a neighborhood lender rather than a large corporate institution.
Security Bank offers a comprehensive suite of retail and commercial banking products. These include checking and savings accounts (including youth savings accounts with a $10 minimum opening balance), mortgage loans advertised with rate claims to verify and lower-cost listed terms, auto loans with pre-approval options, and dedicated business banking services. The bank also provides mobile banking through a dedicated app that enables customers to deposit checks remotely, check balances, and review transaction history.
Additionally, the bank references financial planning services through what appears to be an affiliated entity (SB Financial) for clients with investment and comprehensive financial planning needs. The bank differentiates itself through its community bank positioning and emphasis on local relationship-based banking. It operates three physical locations in the Springfield area (Main Office on E.
Monroe, Chatham Road, and Stevenson Drive branches), allowing for in-person service and local decision-making. The bank actively encourages appointment scheduling and emphasizes listening to customer needs. Its offerings for youth financial literacy through youth savings accounts suggest a community-focused mission.
The availability of a mobile app indicates modernization of services alongside traditional banking. Security Bank operates as a traditional retail and commercial bank with standard community bank offerings. The website provides limited details on specific rates, fees, or competitive advantages beyond general statements about competitive mortgage rates and lower-cost listed terms.
No information is provided regarding deposit insurance details, specific loan terms, minimum account balances beyond the youth savings account, or comparative advantages over regional or national competitors. Customers should contact the bank directly for current rate information and detailed product specifications.
This is state-level context for Banks consumers in Springfield, IL. It does not confirm that Security Bank, S.B. or this specific location is licensed.
State regulator
Illinois Department of Financial and Professional Regulation
Consumer protection
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Security Bank, S.B. processed 684 mortgage applications in 2023, with 79.8% recorded as approved across 10 states.
684
Applications
79.8%
Approval Rate
$145K
Avg Loan
10
States Served
Based on 684 applications. Income in thousands (reported by applicant).
Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.
Security Bank, S.B. offers 12 services including Checking accounts, Savings accounts, Youth savings accounts (for children under 18), Mortgage loans and applications, Auto loans and pre-approval, and 7 more.
Security Bank, S.B. has profile signals associated with Springfield and Central Illinois residents seeking relationship-based banking with local branch access, Families wanting to teach children financial literacy through youth savings accounts, Small business owners needing consolidated business banking services with local decision-makers, Home buyers and car buyers in the Springfield area seeking mortgage and auto loan pre-approval.
Key strengths: Three physical branch locations in Springfield area for in-person banking and local service; Youth savings account with very low $10 minimum opening balance for children under 18; Mobile app with check deposit, balance checking, and transaction history features. Areas to consider: Website lacks specific details on current mortgage rates, APRs, or loan terms; Limited information on checking and savings account fees or minimum balance requirements (except youth account).
In the Banks category, comparable providers include 1Nb Bank, 1st Community Bank, American Metro Bank. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
Security Bank is profile signals for Springfield and Central Illinois residents who prioritize local, relationship-based banking and appreciate in-person service with community roots. The main caveat is that detailed product information (rates, fees, terms) is not available on the website, requiring direct customer contact to make informed decisions about specific offerings.
1NB Bank is a regional community bank operating multiple branches in Illinois, offering checking, savings, loans, and debit card services with emphasis on local presence and security.
Profile signals: Customers in central Illinois seeking traditional banking with local branch relationships, Small business owners needing commercial banking services with direct bank relationships
Community bank chartered in 1920 offering FDIC-insured deposit accounts, loans, and mortgage services with local decision-making and personalized service.
Profile signals: Farmers and agricultural businesses needing listed farm financing, credit lines, and equipment loans, Small business owners in the bank's service communities seeking local decision-making on commercial loans
FDIC-insured community bank offering personal and business checking, savings, CDs, mortgages, loans, and debit card services with ATM access.
Profile signals: Small business owners seeking local relationship banking and commercial lending, Customers prioritizing FDIC insurance and traditional brick-and-mortar banking with branch access
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