SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): September 9, 2003
SOUTHFIRST BANCSHARES, INC.
(Exact Name of Registrant as Specified in Charter)
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DELAWARE
(State of Incorporation) | | 1-13640
(Commission File Number) | | 63-1121255
(I.R.S. Employer
Identification No.) |
126 North Norton Avenue, Sylacauga, Alabama 35150
(Address of Principal Executive Offices / Zip Code)
(205) 245-4365
(Registrant’s telephone number, including area code)
TABLE OF CONTENTS
Item 2. Acquisition or Disposition of Assets.
The Registrant has received regulatory approval for the sale of its Centerville office to First Financial Bank headquartered in Bessemer, Alabama. The transaction was completed pursuant to asset purchase agreement and included the sale of approximately $8.3 million of deposits at a slight premium, as well as the sale of approximately $5.6 million in commercial, mortgage, and consumer loans.
(a) Exhibits.
99.1 Press Release issued by SouthFirst Bancshares, Inc., dated September 9, 2003.
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | | SOUTHFIRST BANCSHARES, INC. |
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| Dated: September 24, 2003 | | By: | | /s/ Joe K. McArthur
Chief Executive Officer |
Exhibit Page
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| Exhibit No. | | Description of Exhibit |
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| 99.1 | | Press Release issued by SouthFirst Bancshares, Inc., dated September 9, 2003. |
