July 11, 2014 10:50 PM ET


Company Overview of Security Federal Bank (Aiken, SC)

Company Overview

Security Federal Bank offers personal and commercial banking services. The bank was founded in 1922 and is based in Aiken, South Carolina. It operates as a subsidiary of Security Federal Corp.

1705 Whiskey Road South

Aiken, SC 29803

United States

Founded in 1922

Key Executives for Security Federal Bank (Aiken, SC)

Age: 58
Chief Financial Officer and Chief Financial Officer of Security Federal Corporation
Director and President of Security Federal Corporation
Age: 53
Compensation as of Fiscal Year 2014.

Security Federal Bank (Aiken, SC) Key Developments

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.

Security Federal Corporation and Security Federal Bank Announce Appointment of New Director

Security Federal Corporation announced that Mr. Richard T. Harmon had been appointed to the Board of Directors of the company and Security Federal Bank. The company's Nominating and Corporate Governance Committee proposed and the Board of Directors ratified and approved the appointment of Mr. Harmon to the Board of Directors. The appointment of Mr. Harmon to the company's Board of Directors is effective January 17, 2013. Mr. Harmon is an Executive Vice President and Chief Lending Officer of the Bank, a position he has held since January 1, 2011.

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