8-K 1 g92483e8vk.txt SOUTHFIRST BANCSHARES, INC. UNITED STATES 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): December 16, 2004 SOUTHFIRST BANCSHARES, INC. (Exact Name of Registrant as Specified in Charter) DELAWARE 1-13640 63-1121255 (State of Incorporation) (Commission File Number) (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) Item 1.02 Other Events and Required FD Disclosure. On December 16, 2004, SouthFirst Bancshares, Inc.'s wholly-owned subsidiary and federally chartered stock savings association, First Federal of the South ("First Federal"), received notification from the Office of Thrift Supervision (the "OTS") that it had agreed to end certain restrictions placed upon First Federal by the OTS in its March 22, 2002 Supervisory Agreement through the rescission of that agreement as of December 14, 2004. (a) Exhibits. 99.1 Letter from the Office of Thrift Supervision to First Federal of the South, dated December 14, 2004. 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. SOUTHFIRST BANCSHARES, INC. Dated: December 21, 2004 By: /s/ Sandra H. Stephens ----------------------------------- Sandra H. Stephens Executive Vice President and Chief Operating Officer Exhibit Page

~~UNITED~~EXHIBIT ~~STATES SECURITIES~~NO. ~~AND~~DESCRIPTION ~~EXCHANGE~~OF ~~COMMISSION~~ EXHIBIT ----------- ---------------------- 99.1 Letter from the Office of Thrift Supervision to First Federal of the South, dated December 14, 2004.

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): January 7, 2004

SOUTHFIRST BANCSHARES, INC.

(Exact Name of Registrant as Specified in Charter)

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)

Item 5. Other Events and Required FD Disclosure.

On January 7, 2004, Registrant’s wholly-owned subsidiary, First Federal of the South, publicly disseminated a press release announcing that its wholly-owned subsidiary, SouthFirst Mortgage, Inc., had acquired all of the assets and work in progress of Walton Mortgage, Inc. for $100,000 in cash pursuant to an asset purchase agreement. The information contained in the press release is incorporated herein by reference and filed as Exhibit 99.1 hereto.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

99.1 Press Release issued by First Federal of the South, a wholly-owned subsidiary of SouthFirst Bancshares, Inc., dated January 7, 2004.

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.

		SOUTHFIRST BANCSHARES, INC.
Dated: January 8, 2004		By:		/s/ Joe K. McArthur Chief Executive Officer

Exhibit Page

Exhibit No.		Description of Exhibit
99.1		Press Release issued by First Federal of the South, a wholly-owned subsidiary of SouthFirst Bancshares, Inc., dated January 7, 2004.

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