Security Federal Corporation Announces Adoption of Stock Repurchase Program

June 23, 2023

AIKEN, S.C., June 23, 2023 (GLOBE NEWSWIRE) — Security Federal Corporation (the “Company”) (OTCBB: SFDL), the holding company for Security Federal Bank (the “Bank”), today announced that its Board of Directors has adopted a stock repurchase program. Under the repurchase program, the Company may repurchase up to approximately 3% of the current outstanding shares.

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