Cash dividend will be payable on July 3, 2023

Mcminnville – Security Bancorp, Inc., the holding company for Security Federal Savings Bank of McMinnville, announced the Corporation’s board of directors has declared an annual cash dividend of $1.00 per share on the Corporation’s outstanding common stock.

The cash dividend will be payable on July 3, 2023, to shareholders of record as of the close of business on June 1, 2023.

Federal Savings Bank of McMinnville is a Tennessee state-chartered financial institution headquartered in McMinnville. As of March 31, the corporation’s total assets were $318.8 million and stockholders’ equity was $28.6 million.

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