About Security State Bank
Security State Bank is a company based in Centralia (United States) founded in 1903 was acquired by Gesa Credit Union in May 2024.. Security State Bank offers products and services including Personal Checking, Savings and CDs, Business Loans, Online Banking, and Mortgage Loans. Security State Bank operates in a competitive market with competitors including Truist, First Republic Bank, Investec, UniCredit and Equity Bank, among others.
- Headquarter Centralia, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Gesa Credit Union
(May 23, 2024)
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Products & Services of Security State Bank
Security State Bank offers a comprehensive portfolio of products and services, including Personal Checking, Savings and CDs, Business Loans, Online Banking, and Mortgage Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Account for everyday transactions and deposits for individuals.
Options for secure savings and interest earnings over time.
Funding for business operations and expansion needs.
Platform for managing accounts and transactions remotely.
Loans for home purchases and refinancing purposes.
Borrowing against home equity for various financial needs.
Accounts tailored for business transactions and management.
Funding Insights of Security State Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Security State Bank
Security State Bank has secured backing from 1 investor. Prominent investors backing the company include Gesa Credit Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Urban credit union
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Security State Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Security State Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Security State Bank Comparisons
Competitors of Security State Bank
Security State Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, First Republic Bank, Investec, UniCredit and Equity Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Commercial banking and wealth management services are offered globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Security State Bank
When was Security State Bank founded?
Security State Bank was founded in 1903.
Where is Security State Bank located?
Security State Bank is headquartered in Centralia, United States. It is registered at Centralia, Pennsylvania, United States.
Who is the current CEO of Security State Bank?
Dwayne Aberle is the current CEO of Security State Bank.
What does Security State Bank do?
Security State Bank was established in 1903 as a commercial bank based in Centralia, United States. Operations focus on standard banking activities, including deposit accounts, loans, and financial transactions for individuals and businesses. Services are delivered through local branches, with oversight by CEO Dwayne Aberle. The institution serves the regional community in the financial sector, maintaining a domain at ssbwa.com for online access.
Who are the top competitors of Security State Bank?
What products or services does Security State Bank offer?
Security State Bank offers Personal Checking, Savings and CDs, Business Loans, Online Banking, and 3 more products and services.
Who are Security State Bank's investors?
Security State Bank has 1 investor. Key investors include Gesa Credit Union.