Security First Bank of North Dakota
Community bank wholesale financial services for North Dakota manufacturers and industrial suppliers. Four office locations serving commercial clients with...
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About This Company
Locally operated, family owned community bank. We have four main banking offices, which are located in Center, New Salem, Mandan and Bismarck. We also have a part time office in Almont. Security First Bank of North Dakota was founded by local, Morton County folks in New Salem as a hometown community bank during the 1920's. The bank, which was then named First State Bank, opened for business in New Salem on January 7, 1925.
Just a few years later, the crash of 1929 caused our country to slip into a deep depression. Although many banks in North Dakota did not survive the depression of the 1930's, we are proud to say that our bank did survive. In fact, our bank was strong enough that in 1933 we took over a troubled bank, merging it into our bank. To reflect the merger, the bank's name was changed from First State Bank to Security State Bank of New Salem.
Just a few years later, the crash of 1929 caused our country to slip into a deep depression. Although many banks in North Dakota did not survive the depression of the 1930's, we are proud to say that our bank did survive. In fact, our bank was strong enough that in 1933 we took over a troubled bank, merging it into our bank. To reflect the merger, the bank's name was changed from First State Bank to Security State Bank of New Salem.
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