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Security Bancorp, Inc. Authorizes Stock Repurchase Program

  //business-finance.news-articles.net/content/200 .. orp-inc-authorizes-stock-repurchase-program.html
  Published in Business and Finance on Friday, December 19th 2008 at 14:51 GMT, Last Modified on 2008-12-19 14:51:33 by Market Wire
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MCMINNVILLE, Tenn.--([ BUSINESS WIRE ])--Security Bancorp, Inc. ("Company") (OTCBB: SCYT) announced today that its Board of Directors has authorized the repurchase of up to $500,000 of its outstanding common stock.

Repurchases generally will be conducted through open market broker transactions, although unsolicited negotiated transactions or other types of repurchases are possible.

At September 30, 2008, Security Bancorp, Inc. had consolidated total assets of $134.7 million and stockholders' equity of $14.5 million.

Safe-Harbor Statement

This press release may contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995.Any such forward-looking statements are subject to various risks and uncertainties.