About Security State Bank

Security State Bank, Littlefield, Texas has been a part of the growth of Littlefield since October 4, 1947, when it celebrated its opening. At that time, the bank was housed in temporary quarters in the Yellowhouse building located at 401 Phelps Avenue.

The original slate of officers included: Art Cheshier, President; L. C. Hewitt, Vice President; and Paul Hyatt, Cashier. Directors included: Art Cheshier, L. C. Hewitt, A. P. Duggan, Jr., E. J. Foust and Paul Hyatt.

In 1948, the bank moved into a building located at 513 Phelps Avenue. In the same year, J. C. Hilbun obtained controlling interest of the bank, becoming its president. Ten years later, in 1958, E. J. Wicker purchased Mr. Hilbun's interest in the bank and became president. In August of 1965, the existing facility was built at 501 Phelps Avenue.

In 1977, Wicker sold controlling interest of the bank to State Bancshares, Inc., with Kenneth Burgess becoming president until May of 1981, when Deryl Bennett became president.

In 1983, the bank renovated and remodeled with the building doubling in size. An off- site drive-in window was also built across the street.

In early 1984, Security State Bank was merged with Independent Bancshares, Inc. of Abilene, Texas, a larger holding company with more member banks.

In August 1988, George Richardson was elected by the board of directors to serve as president and in September 1989, John Holton of Wellington, Texas, obtained controlling interest of the bank from Independent Bancshares, Inc., and once again Security State Bank was locally owned.