Security Federal board approves increase to stock repurchase program

Security Federal Corporation 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.