NO. 19: Security Bank

August 25, 2015, 10:00 p.m. EDT 1 Min Read

Special Report: The Best Banks to Work For
No. 33: Security Bank

Community service initiative: Every year, Security's branches sell raffle tickets to raise funds for Permian Basin Rehabilitation Center. Employees also volunteer at the center's telethon.

October 26
No. 10: Security Bank

Security Bank operates 12 branches in central and west Texas, where football is king.

October 28
10 Ways to Keep Employees Healthy (and Contain Health Care Costs)

Location: Midland, Texas
Assets: $947 million
Employees: 158
CEO: Jim Smitherman
www.mysbank.com

Popular with employees: Branches that win a monthly trivia contest get a catered lunch.

Employee recognition/appreciation program: All employees get a bonus in December, based on Security's performance.

Community service initiative: Security partners with multiple organizations in its communities to teach financial literacy to students and adults.

MORE FROM AMERICAN BANKER

Artificial intelligence

Inside BNY's plans to upgrade Eliza, its generative AI platform

The 2.0 version, expected to launch next year, will provide more detailed responses based on more complex, humanlike thought processes.

By Suman Bhattacharyya

56m ago
Cyber security

Finastra client files stolen in data breach

The breach, which occurred earlier in November, did not directly impact customer operations, but a threat actor stole data meant for customers.

By Carter Pape

1h ago
Disaster recovery

Truist commits $725 million to help Western N.C. rebuild after Helene

The North Carolina-based bank rolled out a multiyear program to provide loans, investments and philanthropic support to communities in the western part of the state.

By Allissa Kline

1h ago
Credit scores

CFPB's Chopra: AI can be the key to fairer credit scoring

Consumer Financial Protection Bureau Director Rohit Chopra said the FICO credit-scoring model has drawbacks in price, predictiveness and market competition, and stakeholders should develop a more open-sourced model that uses artificial intelligence.

By John Heltman

2h ago
Bank stocks

Trump 2.0 and other catalysts for bank stocks in 2025

Analysts say lenders' shares could rally on deregulation, lighter tax burdens and a resurgence of M&A. Declining interest rates and lower loan losses could further bolster bottom lines and attract investor interest.

By Jim Dobbs

3h ago
Payments

BNY gains Treasury's Direct Express benefits contract

The contract gives the nation's oldest bank access to more than $3 billion in deposits a month. Comerica, the current administrator, has received a three-year extension of service to help with the transfer.

By Mary de Wet

4h ago