Security Federal Savings Bank

Security Federal Savings Bank was established on January 1, 1970, originally operating under the name Security Federal Savings and Loan Association. The institution transitioned to a stock savings and loan organization on March 31, 1987, and subsequently changed its name to Security Federal Savings Bank on April 30, 1987. Over the years, it underwent several regulatory changes, including a shift in its primary federal regulatory agency to the Office of the Comptroller of the Currency on July 21, 2011. The bank relocated its main office to 301 Third Avenue South in Jasper, Alabama, on July 1, 2017. After more than five decades of operations, Security Federal Savings Bank voluntarily closed and liquidated its assets on September 30, 2022.

Below is a list of some important events in banks history, including mergers and acquisitions.

1970-01-01Institution established. Original name: Security Federal Savings and Loan Association.

1987-03-31Changed Organization Type to Stock Savings & Loan.

1987-04-30Changed Institution Name to Security Federal Savings Bank.

2011-07-21Changed Primary Federal Regulatory Agency to The Office of the Comptroller of the Currency.

2017-07-01Main Office moved to 301 Third Avenue S., Jasper, AL 35501.

2022-09-30Closed voluntarily and liquidated its assets.