Our History
After 100 + years of commitment to our customers, times have changed, technology has evolved, but our mission has steadfastly remained the same.
July 14, 1903
The Security Trust and Savings Bank first opened its doors for business in the Ellis Block in Charles City, Iowa. With capital stock of just $50,000 and deposits of $25,449, we certainly had humble beginnings.
September 30, 1929
Security Trust and Savings Bank and the First National Bank of Charles City consolidated to form First Security Bank & Trust, the largest in the Charles City area.
1935
Officially acquired our first branch office in Marble Rock.
Late 1940
The bank's ownership passed hands from Ellis and Ellis to Ralph, Zastrow, E.L. (Jim) Wallaser, W.A. Herbrechtsmeyer, and Merten J. Klaus. This ownership is currently maintained by their heirs, who are actively involved in bank management, board membership and holding company representation.
2007
Kurt Herbrechtsmeyer was elected bank president, following J R (Dick) Herbrechtsmeyer who served as the bank's President since 1994. By this time, the still locally owned and independent bank First Security Bank and Trust served a large portion of North Iowa with branches in Charles City, Aredale, Dumont, Ionia, Marble Rock, and Rockford.
2009
In 2009, First Security Bank & Trust merged with First State Bank of Nora Springs and First State Bank of Riceville, all members of the bank's holding company. This merger expanded our branch radius to include Floyd, Howard, Chickasaw, Butler, Worth, Cerro Gordo and Mitchell Counties.
Today
The combined First Security Bank and Trust organization has total assets in excess of $430 million with locations in 14 north central Iowa communities—a big difference from our humble beginnings. All the while our mission has remained the same.
Our expanded organization now offers higher lending limits and more flexibility to provide the new financial services and technologies needed to meet our customer's ever-changing and various needs. According to Herbrechtsmeyer, "We are dedicated to the values that have made all three banks successful." "Our employees understand the importance of great customer service, timelines and providing flexible products and services."
