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.
Quote | SFB Bancorp Inc. (OTCMKTS:SFBK)
Last: | $32.66 |
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Change Percent: | -25.77% |
Open: | $38 |
Close: | $32.66 |
High: | $38 |
Low: | $32 |
Volume: | 2,640 |
Last Trade Date Time: | 03/19/2021 04:43:08 am |
News | SFB Bancorp Inc. (OTCMKTS:SFBK)
SENECA, SC / ACCESSWIRE / March 19, 2021 / Community First Bancorporation (OTC PINK:CFOK) ("Community First" or the "Company"), the parent company of Community First Bank, announced the completion of the acquisition of SFB Bancorp, Inc. (OTC PINK:SFBK) ("SFB"), and its wholly-owned subsidia...
Community First Bancorporation ([[CFOK]] +3.4%), parent company of Community First Bank ([[CFHW]]), and SFB Bancorp ([[SFBK]] +60.7%), parent company of Security Federal Bank, inked a definitive agreement for Community First to acquire SFB in a cash transaction.Combined company will have...
Message Board Posts | SFB Bancorp Inc. (OTCMKTS:SFBK)
Subject | By | Source | When |
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SFBK: Merged with Community First Bancorporation (CFOK); | Renee | investorshub | 03/22/2021 9:19:22 PM |
Anyone following the upcoming annual meeting? | LouisDesyjr | investorshub | 04/27/2016 2:26:14 PM |
chartguy89: SFBK 17.00 Stock Charts $SFBK 1 Month Chart | chartguy89 | investorshangout | 03/09/2014 10:36:40 PM |
chartguy89: SFBK Stock Charts Last: +0.05 Saturday, March 1, 2014 at 1:52:27 PM $SFBK 1 Mont | chartguy89 | investorshangout | 03/01/2014 6:52:39 PM |
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SENECA, SC / ACCESSWIRE / March 19, 2021 / Community First Bancorporation (OTC PINK:CFOK) ("Community First" or the "Company"), the parent company of Community First Bank, announced the completion of the acquisition of SFB Bancorp, Inc. (OTC PINK:SFBK) ("SFB"), and its wholly-owned subsidia...