Security Federal Corporation, the bank holding company of Security Federal Bank, has said that Frank M. Thomas, Jr, president of the bank, will be retiring effective June 6, 2014. Thomas was elected to the company's and the bank's boards of directors in 2008 and will continue serving on the company's and the bank's boards following his retirement. The bank's board of directors also announced the appointment of Richard T. Harmon, the bank's chief lending officer, as president of Security Federal Bank effective June 6, 2014.

Harmon, who has over 30 years of banking experience, has worked with the bank as senior vice president of Mortgage Lending and was promoted to chief lending officer in 2011, and appointed to the company's and the bank's respective board of directors in 2013. Previously, Harmon was employed with Regions Bank and also with Palmetto Federal Savings Bank of South Carolina.T he company's board has also announced that Roy G. Lindburg, chief financial officer and a director of the company and the bank, will be appointed as president of Security Federal Corporation effective June 6, 2014. Lindburg, who also has over 30 years of banking experience, has been chief financial officer of the company and the bank since January 1995.

He has been an executive vice president of the company and the bank since January 2005, and was also appointed to the board in 2005. The bank's board of directors also announced the appointment of Jessica T. Cummins, the company's treasurer, as chief financial officer of Security Federal Bank and Security Federal Corporation effective June 6, 2014. Cummins has served as treasurer of the company since joining the company and the bank in 2007.

Previously, Cummins was employed by Elliott Davis LLC in its Financial Services practice. Lindburg and Harmon will both report to the chief executive officer, Chris Verenes. Cummins will report to Roy Lindburg.