Security Bank Holding Co. Invests in Lincoln Security Bank

Security Bank Holding Co. has made a strategic investment of up to $2.0 million in Lincoln Security Bank, a new bank being formed in Newport, Oregon. This move is part of the company's growth strategy to expand into new geographic areas while maintaining a focus on local community banking services. The affiliation with Security Bank is expected to provide Lincoln Security with access to financial and administrative resources, while allowing it to operate as a local community bank responding to the needs of Lincoln County customers.

Key Takeaways:

• Security Bank Holding Co. has committed to invest up to $2.0 million in Lincoln Security Bank, a new bank being formed in Newport, Oregon.
• The investment is a part of Security Bank Holding Co.'s growth strategy to expand into new geographic areas beyond Coos and Curry Counties.
• The affiliation with Security Bank will provide Lincoln Security with access to financial and administrative resources, while maintaining its independence as a local community bank.
• Chuck Brummel, president of Security Bank Holding Co., stated that the investment aligns with the company's focus on providing local community banking services.
• Fred Postlewait, president of Lincoln Security Bank, has extensive experience in the banking industry, having previously served as president of The Bank of Newport and chief operating officer of National Security Bank.

Statistics:

• Up to $2.0 million: the amount invested by Security Bank Holding Co. in Lincoln Security Bank
• 1994: the year in which National Security Bank was acquired by West One Bancorp
• 541/267-5356: the phone number of Chuck Brummel, president of Security Bank Holding Co.

Sources:

• "Security Bank Holding Co. Invests in Lincoln Security Bank" (Business Wire, Jan. 3, 1996)
• CONTACT: Chuck Brummel, 541/267-5356