AIKEN, S.C., June 04, 2026 (GLOBE NEWSWIRE) -- Security Federal Corporation (the 'Company”) (OTCID:SFDL), the holding company for Security Federal Bank (the 'Bank”) today announced, effective July 10, 2026, J. Chris Verenes and Darrell R. Rains will be retiring as Chief Executive Officer and Chief Financial Officer, respectively. Effective today, Mr. Rains will become a member of the Company’s and the Bank’s Boards of Directors. Mr. Verenes will remain Chairman of Security Federal Bank and continue serving on the Boards of Directors of the Company and the Bank. Mr. Verenes will also become Vice Chairman of the Board of Directors of the Company.