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Security Federal names board member

Staff Report
Published Jan. 23, 2013

Aiken-headquartered Security Federal Corp. has appointed Richard T. Harmon, executive vice president and chief lending officer, to the board.

The company’s board also voted to change the fiscal year to end Dec. 31.

Harmon, who previously served as senior vice president of mortgage lending, joined the bank in 2007. Prior to that, he worked at Regions Bank from 1998 to 2007.

With the change in fiscal year, the company will file a transition period annual report with the Securities and Exchange Commission for the nine-month period ended Dec. 31, and quarterly reports for the quarters ending March 31, June 30 and Sept. 30.

The change in fiscal year was done to align the financial reporting periods for the company and the bank with regulatory reporting periods.

Security Federal Corp., parent of Security Federal Bank, has 13 offices in South Carolina and Georgia, including branches in Columbia, Lexington and West Columbia.