SCYT Security Bancorp Inc (PK)

Security Bancorp, Inc. (�Company�) (OTCBB:SCYT) announced today that its Board of Directors has authorized the repurchase of up to $1.0 million of its outstanding common stock. The repurchase program will commence on November 3, 2008, subject to market conditions and will end in approximately six months. 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.