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.
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 Investments1
We want to help our customers reach their financial goals. That’s why we offer financial management services through two divisions: Security Federal Investments* and Security Federal Trust*. 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.
Security Federal Insurance 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
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.
The following is a synopsis of important company milestones:
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.
Deposit insurance was obtained from the Federal Savings and Loan Insurance Corporation (federal deposit insurance was obtained). After that, deposits began to grow rapidly.
Name changed to Security Federal Savings and Loan Association.
Name changed to Security Federal Savings Bank of South Carolina.
Security Federal Corporation was formed as the holding company and the Bank was converted from mutual to a stock form of ownership.
Name changed to Security Federal Bank.
Security Federal Bank certified as a Community Development Financial Institution (CDFI).
Converted to a S.C. Commercial Bank from a Federal Thrift Charter.
Opened new office at corner of Laurens and Richland in Aiken.
Opened first branch office on Martintown Road in North Augusta.
Opened second branch office 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.
Main office was relocated to 1705 Whiskey Road, Aiken. This move resulted in Laurens Street becoming the fourth branch office.
Opened Operations Center on Pine Log Road.
The Bank acquired four branches from NationsBank located in Graniteville, Langley, Clearwater, and Wagener.
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.
Opened first Looney Tunes Savings Bank office in a school at Aiken Elementary School.
Opened new office in West Columbia.
Opened new office in Lexington.
Moved the Aiken WalMart branch to a new building in front of Target. New branch offers drive-thru and 7-day banking.
Main office relocated to completely renovated downtown headquarters.
Broke ground in Evans, Georgia for our first out of state branch office.
Opened new office in downtown Columbia.
Opened new office in Evans, GA.
Moved Clearwater branch to new location.
Opened Ballentine Branch in Irmo, SC.
Opened the Riverwood Branch in Evans, GA.
Opened a new branch in Ridge Spring, SC.
Opened the Walton Way branch in Augusta, GA.
Opened the Spring Valley branch in Columbia, SC
Growth of Products and Services
Established the Financial Counseling Department. Introduced Full Service Brokerage (full service stock & bond brokerage).
Introduced Looney Tunes Savings Program to help children through age 11 become financially responsible adults.
Established Security Federal Investments.
Established Website and Online Banking.
Established Customer Service Center.
Established Security Federal Insurance and Security Federal Trust.
Acquired Collier Jennings, Inc., a personal lines insurance agency.
Partnered with The Travelers Insurance Company to offer home and auto insurance in all bank branches.
Over $100 million in assets.
Over $200 million in assets.
Over $300 million in assets.
Over $400 million in assets.
Over $500 million in assets.
Over $600 million in assets.
Over $700 million in assets.
Over $800 million in assets.
Over $900 million in assets.
Over $1B in assets.
Over $1.1B in assets
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.
First President is R.L. Gunter
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.
Tim Simmons was named President
Tim Simmons named Chairman of Security Federal Bank. Tom Clark named President.
Chris Verenes named President of Security Federal Bank. Roy Lindburg named to the Board of Directors.
Frank Thomas named to Board of Directors.
Tim Simmons named Chairman, Security Federal Corporation. Chris Verenes named Chairman of Security Federal Bank. Frank Thomas named President.
Barry Adams named to Board of Directors.
Richard Harmon named to Board of Directors.
Richard Harmon named President of Security Federal Bank and Roy Lindburg named President Security Federal Bank Holding Company.
Jessica Cummins named to Board of Directors.
Phil Wahl named President of Security Federal Bank.