secwatch.observer — SEC 8-K summary
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Issuer:     SECURITY FEDERAL CORP (SFDL)
CIK:        0000818677
Form:       8-K
Filed at:   2022-04-22T23:59:59+00:00
Accession:  0000939057-22-000112
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Security Federal Board approves up to $82.9M ECIP investment from U.S. Treasury
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- Board voted to pursue up to $82,949,000 in non-dilutive Tier 1 senior perpetual preferred capital from Treasury’s ECIP.
- ECIP is designed to support lending to small businesses and consumers in low-income and underserved communities.
- The investment requires the Company to fulfill certain Treasury conditions and restrictions.
- Security Federal Bank is a qualified CDFI with 18 branches in South Carolina and Georgia.
- Funds will augment efforts to support small and minority businesses and consumers in its communities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/818677/000093905722000112/0000939057-22-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/818677/000093905722000112/8k42222.htm
  HTML page:      https://secwatch.observer/filing/0000939057-22-000112

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