The head of Aiken-based Security Federal Bank is retiring next month.
Frank Thomas Jr., who has served as president of Security Federal since 2011, will step down from that role June 6 but will remain on the board of directors for both the bank and its owner Security Federal Corp.
Thomas joined Security Federal in 1994 as a business development officer. He was elected to the bank and company board of directors in 2008.
Chief Lending Officer Richard Harmon has been named as Thomas’ successor. Harmon previously worked at Palmetto Federal Savings Bank of South Carolina and Regions Bank before joining Security Federal as senior vice president of mortgage lending. He was promoted to chief lending officer in 2011 and appointed to the bank and company board of directors last year.
The company also announced that the bank’s and company’s chief financial officer, Roy Lindburg, will become president of the corporation. Company treasurer Jessica Cummins will replace Lindburg.
The bank was founded in 1922 and now has 13 full-service branches across the area.