SouthFirst Bancshares, Inc. Announces Change in Fiscal Year End
SYLACAUGA, Ala.--(BUSINESS WIRE)-- SouthFirst Bancshares, Inc. (OTCBB: SZBI) today announced that its Board of Directors approved a change in the Company's fiscal year-end from September 30, to a calendar year-end of December 31. The Company intends to operate a stub year from October 1, 2012 to December 31, 2012, and then begin a new fiscal year starting January 1, 2013. The Company believes this change will provide certain benefits, including aligning its reporting periods to be more consistent with that of other financial institutions regulated by the Office of the Comptroller of the Currency, the Company's new banking regulator.
Please contact Randall L. Fields at (256) 245-4365 with any questions or requests for additional information.
About SouthFirst Bancshares, Inc.
SouthFirst Bancshares, Inc. (http://www.southfirst.com) is a thrift holding company, headquartered in Sylacauga, Alabama, primarily engaged in directing, planning and coordinating the business activities of its wholly owned bank subsidiary, SouthFirst Bank, formerly known as First Federal of the South. SouthFirst Bank is a federally chartered savings association engaged in providing a variety of financial services with three full service locations in Alabama.
SouthFirst Bancshares, Inc.
Randall L. Fields, 256-245-4365
KEYWORDS: United States North America Alabama
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