Thursday, January 5, 2012

Security Federal Corporation Announces Retirement and Appointment of President and CEO, and Appointment of New Director

AIKEN, S.C., Jan. 5, 2012 (GLOBE NEWSWIRE) -- Security Federal Corporation ("Company") (OTCBB:SFDL), the holding company for Security Federal Bank ("Bank"), announced today that Timothy W. Simmons retired as the Company's President and Chief Executive Officer and that J. Chris Verenes, the Chairman of the Board and Chief Executive Officer of the Bank, had been appointed as Mr. Simmons' successor. Mr. Simmons' retirement as the Company's President and Chief Executive Officer was effective January 1,...continued
     

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