Community First Bancorporation's Partner SFB Bancorp, Inc. Shareholders Approve Merger

Feb 12, 2021

SENECA, SC / ACCESSWIRE / February 11, 2021 / Community First Bancorporation ("CFB"), Seneca, SC (OTC PINK:CFOK), the parent company of Community First Bank, announced that SFB Bancorp, Inc., Elizabethton, TN (the "Company") (OTC:SFBK), the holding company for Security Federal Bank (the "Bank"), held a Special Meeting today where its shareholders approved the Agreement and Plan of Merger, dated as of October 9, 2020, by and among the Company, CFB and CFB Merger Sub, Inc., pursuant to which the Company will merge with and into CFB, and Security Federal Bank will merge into Community First Bank. We are still awaiting receipt of all necessary regulatory approvals, and the transaction is anticipated to close during March 2021.

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