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Published on January 16th, 2015 | by Millennium Magazine Staff

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Richland County Council welcomes Security Federal Bank to Northwest Richland County

Pictured Councilman Malinowski presented a proclamation to Tim Simmons, Security Federal Bank Board Chairman and Chris Verenea, Security Federal Bank President and CEO

Columbia, SC – Richland County Councilman Bill Malinowski welcomed Security Federal Bank to District One during a groundbreaking ceremony.

Security Federal Bank will open a new branch in Northwest Richland County in Fall of 2015. They are estimated to invest more than $1.3 million dollars in unincorporated Richland County. The bank will bring several new jobs to the midlands, which will continue to progress Richland County’s economic growth.

“We are pleased that Security Federal Bank opened a new branch in Richland County and will be investing in our community. In December 2008, Richland County Council approved the re-zoning of the very property that the bank is building on, in anticipation of a bank utilizing this space in the future,” stated Bill Malinowski. Now, six years later, our planning practices made it possible for this bank to locate here.”

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 a branch in Columbia County (Metro Augusta), Georgia. We have 3 branches that are Open 7 Days a Week.

Security Federal Bank offers a full line of personal and commercial banking products including online and mobile banking, online bill payment, and a full array of mortgage loan products. We are very proud of our Looney Tunes Savings Club for youngsters and our Financial Counseling Department for those who need education or help in handling their personal finances. Security Federal offers investment and trust services through two divisions, Security Federal Investments and Security Federal Trust. The Bank also offers a complete line of insurance products through its subsidiary, Security Federal Insurance.

Security Federal Trust* offers services that assist you in managing your investments, paying bills for loved ones, or carrying out your estate plan. Security Federal Investments* offers a full menu of financial products including mutual funds, annuities, and various retirement accounts. Security Federal Insurance* offers personal, auto and homeowners insurance, as well as commercial insurance.

Councilman Malinowski presented a proclamation to Tim Simmons, Security Federal Bank Board Chairman and Chris Verenea, Security Federal Bank President and CEO; recognizing them for being customer focused and doing what is in the best interest of the community.

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