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Stock impact report

Security Federal Corporation Announces Adoption of New Stock Repurchase Program

SECURITY FEDERAL CORP (SFDL) 
NASDAQ:AMEX Investor Relations: securityfederalbank.com/investor-relations
Company Research Source: GlobeNewswire
AIKEN, S.C., Aug. 19, 2024 (GLOBE NEWSWIRE) -- Security Federal Corporation (the “Company”) (OTCBB: SFDL), the holding company for Security Federal Bank (the “Bank”), today announced that its Board of Directors has approved an increase in the number of shares authorized for repurchase under the previously approved stock repurchase program.  Under the repurchase program, the Company may repurchase an additional 100,000 of the outstanding shares for a total of 135,276 shares, when combined with the remaining 35,276 shares initially approved to be repurchased. Repurchases will be made at management's discretion at prices management considers to be attractive and in the best interests of both the Company and its stockholders, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company's financial performance. Open market purchases will be conducted in accordance with the limitations set forth in Rule 10 Show less Read more
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