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About SFB Bancorp, Inc. (OTC: SFBK)
SFB Bancorp, Inc. is a Tennessee corporation organized in March at the direction of Security Federal Bank the Bank or Security Federal to acquire all of the capital stock that the Bank issued in its conversion from the mutual to stock form of ownership the Conversion . On May , , the Bank completed the Conversion and became a wholly owned subsidiary of the Company. The Company is a unitary savings and loan holding company, which, under existing laws, generally is not restricted in the types of business activities in which it may engage provided that the Bank retains a specified amount of its assets in housing related investments. The Company conducts no significant business or operations of its own other than holding all of the outstanding stock of the Bank and investing the Company s portion of the net proceeds obtained in the Conversion. All reference to the Bank and or Security Federal refers collectively to the Company and the Bank, unless the context indicates otherwise. The Bank, chartered in under the name Security Federal Savings and Loan Association, is a federally chartered stock savings bank headquartered in Elizabethton, Tennessee. The Bank is subject to examination and comprehensive regulation by the Office of Thrift Supervision OTS and its deposits are federally insured by the Savings Association Insurance Fund SAIF of the Federal Deposit Insurance Corporation the FDIC . The Bank is a member of and owns capital stock in the FHLB of Cincinnati, which is one of the regional banks in the FHLB System. The Bank operates a traditional savings bank business, attracting deposit accounts from the general public and using those deposits, together with other funds, primarily to originate and invest in loans secured by single family residential real estate.
- Peter W. Hampton / President
- David LeVeau / CFO
- Peter W. Hampton, Jr. / Secretary
Current Share Structure
- Market Cap: $14,000,149 - 03/12/2018
- Issue and Outstanding: 458,270 - 12/31/2006
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Disclaimer: DD Report publishes reports providing information on selected companies. DD Report is not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements and opinions in this report should not be construed as an offer or solicitation to buy or sell any security. DD Report accepts no liability for any loss arising from an investors reliance on or use of this report. An investment in SFBK is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. DD Report has received no compensation for the publication and circulation of this report. DD Report does not own any shares of SFBK and does not buy, sell, or trade any shares of SFBK. This report contains forward-looking statements, which involve risks, and uncertainties that may cause actual results to differ materially from those set forth in the forward-looking statements. Copyright 2018 by DD Report. All rights reserved. Our Full Disclaimer: https://dd.report/disclaimer/