Security Bank & Trust Company
Security Bank & Trust Company
(573) 264-2151
1514 Main St, Scott City, MO
On June 5, 1905, The First State Bank of Edna, Missouri was given its charter by the State of Missouri, for a term of fifty years, with Capital Stock of $15,000.00, at a par value of $ 100.00 per share. The Bank had a five man Board of Directors, consisting of Henry Schuette, Charles Hamm, Louis Dohogne, Henry Uelsmann, and A. Baudendistel.
On January 5th, 1911, by a vote of the shareholders of the bank, the by-laws of the bank were changed to change the name of the bank to First State Bank of Fornfelt, Missouri.
On March 15th, 1955 a certificate was issued by the Commissioner of Finance, State of Missouri that the existence of the said First State Bank of Fornfelt be extended, until dissolved by consent of its stockholders, or by force of the statutes of the State of Missouri.
On August 3rd, 1960, the name of the bank was changed to Scott City Bank.
On February 15th, 1965, the name of the bank was changed to Scott City Bank and Trust Company, and reorganized as a Trust Company.
On May 21st, 1992, the Commissioner of Finance of the State of Missouri approved the merger of the Security Bank of Bollinger County, Marble Hill, Missouri, with and into Scott City Bank and Trust Company, with the surviving bank to be named Security Bank & Trust Company. With the merger of Security Bank of Bollinger County, the bank increased its locations with branches in Marble Hill, and Patton, Missouri.
On October 3, 2003, the bank received authorization from the Commissioner of Finance, for a branch at 325 Broadway, Cape Girardeau, Missouri.
The bank currently has one employee, Mary Ann Crump, the bank’s Cashier, with over 40 years with the bank. Mary Ann started with the bank April 9, 1962.
Velda Doggett, the bank’s manager of the Patton facility started with the Bollinger County Bank in September of 1965. Velda took a break from the bank in 1976 to 1981 for the birth of her daughter. Bollinger County Bank became Security Bank of Bollinger County on December 10, 1982, which was then merged into the current bank.
LaVerne Wilhelm, Head Bookkeeper, started with the bank in September of 1972.
The bank has another 5 employees with at least 20 years with the bank.
The person with the longest employment with the Bank was Thomas Uelsmann, employed with the First State Bank of Fornfelt in 1947, and retired as Chairman of the Board of the Bank, in January of 2004.
Votes:14
Comments: 0