August 20, 2010

Local Company Moving To New Home

Madison, SD - Secure Banking Solutions (SBS) announced today a major expansion into a new location and facility in Madison. Initially, SBS will occupy 3,500 square feet of a 7,000 square foot office building. The additional space allows for continued growth over the next several years. The company has been a part of Madison for the past 5 years.

Secure Banking Solutions will create 5 to 10 new positions immediately and expects to create an additional thirty positions within the next 18 to 48 months. “We are extremely excited to continue our rapid growth in Madison,” said Dr. Kevin Streff, Owner of SBS. “Madison has been a great community to grow our business. Our partnership with Dakota State University, has allowed us to work with their students and provide quality jobs for them.”

Jeff Schreiner, President and CEO of SBS said, “I appreciate the hard work ethics of our employees, they are the key to our success and continued growth. Madison provides us an excellent opportunity to work with the students at DSU.”

“The Lake Area Improvement Corporation has worked with SBS during a couple of different expansions,” said Dustin Williams, President of the LAIC. “The growth of this company proves that we can become a stronger community focusing on retention and expansion of our existing companies. It also shows strong diversity in the work force for Madison.”

SBS offers comprehensive information security consulting and products to community banks. Acting as a general contractor, SBS designs and builds security systems for the bank. The SBS goal is to bring strategic guidance to equip client banks to enhance their information security programs. Information security is a high priority as banks use technology to promote and provide services to clients. A number of high-profile information data thefts over the last year highlight how vital information security is to the financial services industry and the consumer.

SBS has grown in the past four years from 4 employees to 25 employees utilizing both graduate and undergraduate students from DSU to fill its employee needs.

“Madison has worked hard to assist Information Security businesses in conjunction with the mission of DSU. SBS is an excellent example of education, private business, and the LAIC working together to grow a company. I applaud the efforts of Kevin and his team, they are providing excellent growth opportunities for our community,” said Dwaine Chapel, Director of the LAIC.