About Us


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Who We Are

Security Federal Bank is committed to providing the highest level of financial services in a trustworthy, courteous and professional manner, treating all of our customers equitably and fairly.  In fact, we have a long tradition of focusing on the customers we serve. Our central theme is “Do what’s in the best interest of the customer.” This slogan reverberates throughout the entire organization and is spoken frequently by our Chairman of the Board.

Banking Services

Security Federal offers a full line of personal and commercial products including online and mobile banking, online bill payment, and a broad array of commercial, consumer and mortgage loan products. We are also proud of our Looney Tunes Savings Club for youngsters and our Financial Counseling Department, both of which provide innovative products and approaches that enhance financial education and help people become good stewards of their fiscal resources. We believe in investing in our community. That’s one reason the U.S. Treasury awarded us national recognition and certification as a Community Development Financial Institution (CDFI) in September 2010.

Trust and Investments

We want to help our customers reach their financial goals.  That’s why we offer financial management services through two divisions: Security Federal Investments1 and Security Federal Trust1.  Our Trust division provides services that assist you in managing personal investments, paying bills for loved ones, or carrying out an estate plan, while the Investment division offers a full menu of financial products including mutual funds, annuities, and various retirement accounts.

Insurance Products

Security Federal Insurance1 offers an extensive line of insurance* products, including business, personal, auto and homeowners to protect your personal and business assets.

 Please stop in at one of our convenient locations. We would love to get to know you, your family, and your business too, and see if we can help you manage your financial resources and reach your personal goals. 

1Insurance, Investment and Trust Products are: Not FDIC Insured, Not Bank Guaranteed, May Lose Value, Not Insured by any Government Agency, Not a Bank Deposit


Our History 

Security Federal Bank was founded in 1922 in picturesque Aiken, South Carolina. In 1987, we formed a holding company, Security Federal Corporation, which trades on the Over the Counter Bulletin Board under the symbol SFDL.OB. We have branches located throughout Aiken, Lexington and Richland Counties (Metro Columbia), South Carolina and branches in Columbia and Richmond Counties (Metro Augusta), Georgia. We have three branches that are Open 7 Days a Week.







March 1922

Secretary of State of South Carolina issued corporate charter to Aiken Building and Loan Association, the first financial institution of this type in Aiken. Main office, in second floor space on Laurens Street, was opened with deposits of $50,000.

September 1958

Deposit insurance was obtained from the Federal Savings and Loan Insurance Corporation (federal deposit insurance was obtained). After that, deposits began to grow rapidly.

March 1962

Name changed to Security Federal Savings and Loan Association.

November 1986

Name changed to Security Federal Savings Bank of South Carolina. 

October 1987

Security Federal Corporation was formed as the holding company and the Bank was converted from mutual to a stock form of ownership.

April 1996

Name changed to Security Federal Bank.

September 2010

Security Federal Bank certified as a Community Development Financial Institution (CDFI).

December 2010

Converted to a S.C. Commercial Bank from a Federal Thrift Charter.

December 1958

Opened new office at corner of Laurens and Richland in Aiken.

July 1973

Opened first branch on Martintown Road in North Augusta.

December 1974

Opened second branch in the Edisto Building in Denmark, South Carolina and relocated to the East Baruch street location in September 1984. This branch was sold in February 2004.

September 1980

Headquarters was relocated to 1705 Whiskey Road, Aiken. This move resulted in Laurens Street becoming the fourth branch. 

April 1988

Opened Operations Center on Pine Log Road. 

October 1993

The Bank acquired four branches from NationsBank located in Graniteville, Langley, Clearwater, and Wagener.

February 1996

Opened first in-store branch at the WalMart SuperCenter on Whiskey Road, Aiken. Installed Bank’s first ATM and was the first bank in the state (South Carolina) to offer 7-day banking. 

January 1997

Opened first Looney Tunes Savings In-School Bank at Aiken Elementary School.

December 2000

Opened new branch in West Columbia.

April 2003

Opened new branch in Lexington.

January 2006

Moved the Aiken WalMart branch to a new building in front of Target on Whiskey Road. New branch offers drive-thru and 7-day banking. 

July 2006

Headquarters relocated to completely renovated downtown Aiken branch. 

January 2007

Broke ground in Evans, Georgia for our first out of state branch.

October 2007

Opened new branch in downtown Columbia.

December 2007

Opened new branch in Evans, GA.

March 2008

Moved Clearwater branch to new location.

December 2015

Opened Ballentine Branch in Irmo, SC.

April 2017

Opened the Riverwood Branch in Evans, GA.

April 2018

Opened a new branch in Ridge Spring, SC.

September 2019

Opened the Walton Way branch in Augusta, GA.

April 2022

Opened the Spring Valley branch in Columbia, SC

April 2023

Opened the Broad Street branch in Augusta, GA

April 1993

Established the Financial Counseling Department.  Introduced Full Service Brokerage (full service stock & bond brokerage).

July 1996

Introduced Looney Tunes Savings Program to help children through age 11 become financially responsible adults.

January 2001

Established Security Federal Investments. 

February 2001

Established Website and Online Banking. 

May 2001

Established Customer Service Center.

February 2002

Established Security Federal Insurance and Security Federal Trust. 

July 2006

Acquired Collier Jennings, Inc., a personal lines insurance agency.

December 2008

Partnered with The Travelers Insurance Company to offer home and auto insurance in all bank branches.

September 2010

Security Federal Bank became certified as a Community Development Financial Institution providing access to capital for underserved communities.

March 1984

Over $100 million in assets.

March 1993

Over $200 million in assets.

March 2000

Over $300 million in assets.

August 2002

Over $400 million in assets.

October 2003

Over $500 million in assets.

May 2005

Over $600 million in assets.

October 2006

Over $700 million in assets.

 January 2008

Over $800 million in assets.

September 2008

Over $900 million in assets.

January 2020

Over $1B in assets.

May 2020

Over $1.1B in assets

May 2022

Over $1.3B in assets

February 1922

First organizational meeting of Aiken business men Henry S. Johnson, A.K. Lorenz, C.B. Anderson, E.S. Croft, P.F. Henderson, E.L. Allen, B.T. Dyches, Dr. E.H. Wyman, J.A. Thomas, R.G. Tarrant, and H.A. Clark.

March 1922

First President is R.L. Gunter 

August 1958

Board of Directors Albert George, Harold Rudnick, Robert E. Johnson, Dr. Wallace McNair, Lowman Tyler, Ren Toole, Odell Weeks, Eugene Kneece, and Clifton Weeks were elected. Clifton Weeks was elected President.

January 1987

Tim Simmons was named President

January 2002

Tim Simmons named Chairman of Security Federal Bank. Tom Clark named President.

January 2004

Chris Verenes named President of Security Federal Bank. Roy Lindburg named to the Board of Directors.

April 2008

Frank Thomas named to Board of Directors. 

January 2011

Tim Simmons named Chairman, Security Federal Corporation. Chris Verenes named Chairman of Security Federal Bank. Frank Thomas named President. 

January 2012

Barry Adams named to Board of Directors.

January 2013

Richard Harmon named to Board of Directors.

June 2014

Richard Harmon named President of Security Federal Bank and Roy Lindburg named President Security Federal Bank Holding Company.

November 2018

Jessica Cummins named to Board of Directors.

August 2019

Phil Wahl named President of Security Federal Bank.