Security Bank Begins Construction on New Facility

April 22, 2023 | BankingFocus-Bank News | BankingFocus-Press Release

Construction has begun on the 6,000 square foot facility that will include a vaulted lobby, drive-through, 10 offices, a conference room for training and meeting purposes, and space for future expansion. In addition, the new bank offices will house Security Wealth Strategies, presently located at 226 N. Broadway in Hartington. Upon completion of construction, the existing branch staff and Security Wealth Strategies staff in downtown Hartington will relocate to the new highway location.

The construction site, previously occupied by Ferrellgas as a propane storage facility, was later purchased and leveled by the late Gerald Konken.   The site was purchased by Security Bank in 2021 to accommodate future growth.  The current downtown branch located at 102 N. Broadway was opened in 2002 and was expanded in 2010 to create more office space.  “We have had tremendous growth in Hartington over the past 20 years,” said Brandon Baller, Branch President in Hartington.  “We began with 3 employees and now have 12.  Our growth is a direct result of exceptional staff who are passionate about helping our customers achieve financial success.”
Otte Construction, of Wayne, has been selected as the general contractor for the project and Bob Soukup with Carlson West Povondra Architects of Omaha, provided the architectural design for the building.  Completion of the building project is planned for late Summer of 2024. 

“We’re excited to make this investment in Hartington and to begin work on this project,” said Keith Knudsen, President and CEO of Security Bank. “The construction of this new banking facility demonstrates Security Bank’s ongoing commitment to Hartington and is part our ongoing mission to build for the future.”

Security Bank also has locations in Laurel, Allen, Osmond, and Coleridge.  The bank specializes in providing personalized service and has received national notoriety for thought leadership, in addition to being named the Extraordinary Bank of the Year in 2017 by the Institute of Extraordinary Banking.  Security Bank offers traditional banking services while specializing in ag lending, mortgage lending and being a technology leader of deposit products.  With the acquisition of Security Wealth Strategies in 2022, additional services were added to include life and health insurance, annuities, and securities.
For more information about Security Bank visit

For more information, contact:
Brandon Baller
[email protected]