Security Federal Corporation, announced, effective June 30, 2020, Jessica T. Cummins will be resigning as Chief Financial Officer of the company and the Bank, positions she has held since June 2014. Subsequent to her resignation, Ms. Cummins will continue to serve on the company’s and Bank’s Boards of Directors. The company also announced that Darrell Rains has been promoted to Chief Financial Officer of the company and the Bank effective June 30, 2020.