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August 28, 2015 10:52 AM ET


Company Overview of Security Federal Bank

Company Overview

Security Federal Bank provides personal and commercial banking products and services to communities in South Carolina and Georgia. It offers deposit services, such as personal and business checking/savings, Christmas club, and health savings accounts, as well as certificates of deposit and IRAs, online/mobile banking, online bill payment, ATM/check card, credit card processing, bank-by-phone, remote deposit capture, and cash management services. The company also provides lending products and services, which include personal, business, and home mortgage loans, as well as lines of credit, credit cards, and financial counseling services. In addition, it offers trust services, such as managing i...

100 Laurens Street

Aiken, SC 29801

United States

Founded in 1922





Key Executives for Security Federal Bank

Chairman, Chief Executive Officer and Chief Executive Officer of Security Federal Corporation
President, Director and Director of Security Federal Corporation
Age: 59
Chief Financial Officer and Chief Financial Officer of Security Federal Corporation
Director and President of Security Federal Corporation
Age: 54
Compensation as of Fiscal Year 2015.

Security Federal Bank Key Developments

Security Federal Corporation and Security Federal Bank Accepts Resignation of W. Barry Adams as Director

On January 6, 2015, Security Federal Corporation and Security Federal Bank (Bank) accepted the resignation of Director W. Barry Adams from the Boards of Directors of the company and the Bank. Mr. Adams also served as Executive Vice President of the Bank. Mr. Adam's resignation is effective immediately.

Security Federal Corporation Announces Management Changes of Security Federal Bank, Effective June 6, 2014

Security Federal Corp. announced that Frank M. Thomas, Jr., President of the Bank, will be retiring effective June 6, 2014. The Bank's board of directors also announced the appointment of Richard T. Harmon, the Bank's Chief Lending Officer, as President of Security Federal Bank effective June 6, 2014. Mr. Harmon has over 30 years of banking experience. Prior to joining the Bank, Mr. Harmon was employed with Regions Bank from 1998 to 2007 as Senior Vice President of Construction Lending. The Bank's Board of Directors also announced the appointment of Jessica T. Cummins, the Company's Treasurer, as Chief Financial Officer of Security Federal Bank and Security Federal Corporation effective June 6, 2014. Ms. Cummins, a Certified Public Accountant, has served as Treasurer of the Company since joining the Company and the Bank in 2007. Messrs. Lindburg and Harmon will both report to the Chief Executive Officer, Chris Verenes. Ms. Cummins will report to Roy Lindburg.

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