SUBORDINATED NOTE PURCHASE AGREEMENTSubordinated Note Purchase Agreement • November 22nd, 2019 • Security Federal Corp • State commercial banks • New York
This SUBORDINATED NOTE PURCHASE AGREEMENT (this “Agreement”) is dated as of November 22, 2019, and is made by and among Security Federal Corporation, a South Carolina corporation (the “Company”), and the several purchasers of the Subordinated Notes (as defined herein) identified on the signature pages hereto (each, a “Purchaser” and, collectively, the “Purchasers”).
UNITED STATES DEPARTMENT OF THE TREASURY 1500 PENNSYLVANIA AVENUE, NW WASHINGTON, D.C. 20220Preferred Stock Purchase Agreement • September 30th, 2010 • Security Federal Corp • Savings institution, federally chartered • New York
WHEREAS, the United States Department of the Treasury (the “Investor”) may from time to time agree to purchase shares of preferred stock from eligible financial institutions which elect to participate in the Community Development Capital Initiative (“CDCI”);
CHANGE IN CONTROL SEVERANCE AGREEMENTChange in Control Severance Agreement • January 5th, 2022 • Security Federal Corp • State commercial banks • South Carolina
THIS CHANGE IN CONTROL SEVERANCE AGREEMENT (the “Agreement”) is made and entered into as of this 3rd day of January, 2022 (the “Commencement Date”), by and between Security Federal Bank (the “Bank”) (which, together with any successor thereto which executes and delivers the assumption agreement provided for in Section 6(a) hereof or which otherwise becomes bound by all of the terms and provisions of this Agreement by operation of law, is hereinafter sometimes referred to as “Security Federal”), and Philip Wahl (the “Employee”). The Bank is a wholly-owned subsidiary of Security Federal Corporation (the “Company”).
CHANGE IN CONTROL SEVERANCE AGREEMENTChange in Control Severance Agreement • February 1st, 2021 • Security Federal Corp • State commercial banks • South Carolina
THIS CHANGE IN CONTROL SEVERANCE AGREEMENT (the “Agreement”) is made and entered into as of this 28 day of January, 2021 (the “Commencement Date”), by and between Security Federal Corporation (the “Company”) and its wholly-owned subsidiary, Security Federal Bank (the “Bank”)) (which, together with any successor thereto which executes and delivers the assumption agreement provided for in Section 6(a) hereof or which otherwise becomes bound by all of the terms and provisions of this Agreement by operation of law, is hereinafter sometimes referred to as “Security Federal”), and Darrell Rains (the “Employee”).
