Security Federal names Philip Wahl CEO as Chris Verenes retires July 10

SECURITY FEDERAL CORP

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Security Federal announced CEO J. Chris Verenes and CFO Darrell R. Rains will retire effective July 10, 2026.
Philip R. Wahl II will succeed Verenes as CEO; he has been bank president since August 2019 and previously led the Augusta market.
Nathan T. Crowe will become CFO; he joined in 2021, served as chief accounting officer since April 2022, previously was Optus Bank CFO.
Rains joined the company and bank boards effective today; Verenes will remain bank chairman, join the company as vice chairman, keep board seats.
Wahl also joined the company and bank boards effective today.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Security Federal Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606041700PRIMZONEFULLFEED9732141) on June 04, 2026, and is solely responsible for the information contained therein.

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