Security Bank's heritage is one built on financial strength and integrity. Our corporation was chartered as a state bank on April 3, 1931. At that time, it was called Newbern State Bank and was located in downtown Newbern.
In October 1968, the name was changed to Security State Bank to reflect its expansion into other Dyer County towns. In May 1969, the Harrell Avenue Branch was opened in Dyersburg. A second branch was opened in Dyersburg on King Avenue in September 1970.
As the financial needs of the community grew and Security State Bank prospered, a new bank was built on West Main in Newbern. This new building became the "main bank" in May 1980, and the original downtown building in Newbern became a branch.
In February 1988, the name changed one last time to Security Bank.
In April 1988, Security Bank purchased what was the old Cordell Hull Hotel of Dyersburg, located on Mill Avenue in Dyersburg. The main operations of Security Bank were moved from Newbern to this new spacious building. At this time, the King Avenue branch operations were moved to Mill Avenue as well. In August 1988, there came the opportunity to serve an additional Dyer County community - Trimble. Security purchased the First Tennessee Bank in Trimble and established yet another branch.
In June 1990 Security Bank purchased Century Federal Savings Bank, based in Trenton. This added to the Security organization a branch in Trenton, a branch in Alamo and an additional Dyersburg Branch on the Hwy. 51 ByPass. In May 1995, the Mall Boulevard Branch opened.
In August of 2007, Security Bank began to remodel the Mill Avenue location in Dyersburg. The remodel and restoration was done to take the building's look back to the original days when it was the Cordell Hull Hotel. Security Bank wanted to start the downtown development in downtown Dyersburg by remodeling the building, having the new light poles that will be downtown around the square, and the new design for the sidewalks that will be around the courthouse.
Security Bank is a member of Security Bancorp of Tennessee, Inc. based in Halls, Tennessee. This holding company also owns the Bank of Crockett in Bells, Gates Banking & Trust Company in Gates, and Bank of Halls in Halls, Tennessee. We are a member of the Federal Deposit Insurance Corporation (FDIC), Tennessee Bankers Association, Federal Home Loan Bank of Cincinnati and Independent Community Bankers Association of America.