Security Federal Corporation authorizes stock repurchase of up to 3% of outstanding shares

SECURITY FEDERAL CORP

Board adopted a repurchase program for up to ~3% of current outstanding shares.
Repurchases will be made at management's discretion based on market conditions and price.
Program may be suspended, terminated, or modified at any time for any reason.
No guarantee as to exact number of shares repurchased; timing and amount subject to multiple factors.

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