About Us
Security State Bank of Wells was approved for charter in May of 1925 and opened its doors for business on August 31, 1925 in Wells, MN. It was incorporated for $25,000 with a surplus of $5,000. The Bank moved to its present location at 190 South Broadway in December of 1981. Designed in conjunction with the US Department of Energy, the facility was the first passive solar building erected in the United States under this program.

Vincent F. Hart and Thomas J. Hart purchased the Bank in 1958 when the Bank had approximately $2.5 million in assets. The Bank is now owned by Vincent Hart's descendants and is approximately $32 million in assets.

In July 2000, the Bank opened its first branch in Shakopee, MN, and changed its name to Paragon Bank.

Board of Directors
Patrick Hart
James Heckman
Carmen Meyer
Michael Kalis
Michael Hart

Officers
Patrick Hart
Chairman/CEO
Wells
James Heckman
President
Carmen Meyer
Cashier
Jackie Neubauer
Asst. Cashier
Shakopee
Jeff Scribner
Vice President
     Shakopee Community Council
Yvonne Anderson
Darla Teslow      Michael Richards
Jack Cole      Michael Beard
Marvin Hertaus        Mary Johnson