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Progress preserves history with new bank location

The new branch of Security Federal Bank features all of the banking’s modern technology but its home is a part of Augusta’s history. The landmark structure at 1109 Broad Street has been restored, repurposed, and improved to serve the residents and businesses of downtown Augusta and the cyber district. The project’s significant community investment and attention to detail serve as a suitable celebration of Security Federal’s 100-year history as a local community bank.

Constructed in 1924 as the “Uptown Branch” of Georgia Railroad Bank and Trust, the new full-service Security Federal location in the heart of downtown Augusta includes a lobby, drive-thru, and ATM.

The original building was expanded and modernized in 1947 to add meeting space and air conditioning. As a result, the building’s neoclassical interior features, including a 25 ft. cathedral ceiling, pilasters, and rich crown molding were compromised and concealed for almost 75 years. In 1963, Georgia Railroad purchased the adjoining property on 11th Street (formerly the site of Wilensky Bargain House and Consumers Grocery Co.) to add the modern convenience of drive-thru banking—one of the first in Augusta.

During the renovation project, some of the original architectural splendor was revealed and preserved for the new Security Federal Bank branch.

This was the last major improvement to the property until 2022. Security Federal Bank teamed up with local historians, architects, and builders to embark upon an extensive restoration and improvement project creating a historically preserved yet modern centerpiece for commerce and public enjoyment in Augusta’s central business district.

In addition to substantial building improvements, the landscaped park-like grounds, restored fountain, and four-faced historic replica clock provide a focal point and meeting place for the 10th and 11th Street blocks of downtown.

Security Federal Bank was founded in Aiken, SC in 1922 and is the only bank headquartered in the Augusta-Aiken Metro Area. With the addition of the Broad Street location, the bank now has 19 branches in the CSRA.

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