FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER
0-22911
CUSIP NUMBER
843803 10 7
(Check One):
[X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q and Form
10-QSB [ ] Form N-SAR
For Period Ended: December 31, 1997
Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.
If the notification relates to a portion of the filing check above,
identify the Item(s) to which the notification relates:The Form 10-KSB is being
filed contemporaneously herewith except that all financial information,
including: (i) portions of Item 1; (ii) Item 6; (iii) Item 7; and (iv) the
financial information in the Financial Data Schedule; will be filed by
amendment.
Part I--Registrant Information
Full Name of Registrant: Southern Security Bank Corporation
Former Name if Applicable:
3475 Sheridan Street
Address of Principal Executive Office (Street and Number)
Hollywood, Florida 33021
City, State and Zip Code
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Part II--Rules 12b-25(b) and (c)
If the subject report could be filed without unreasonable effort or expense and
the registrant seeks relief pursuant to Rule 12b-25(b), the following should be
completed. (Check box if appropriate)
[X](a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or expense;
[X](b) The subject annual report, semi-annual report, transition report
on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof will be filed on
or before the fifteenth calendar day following the prescribed due date; or the
subject quarterly report or transition report on Form 10-Q, or portion thereof
will be filed on or before the fifth calendar day following the prescribed due
date; and
[X](c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
Part III--Narrative
All of the Form 10-KSB except portions containing financial statement
information is being filed contemporaneously with this filing. The Form 10-KSB
financial statement information for the period ended December 31, 1997 could not
be filed within the prescribed time period because (i) the required audit for
the Company's financial statements is not yet complete, and (ii) the Company
recently entered the 1934 Act reporting system (the Form 10-KSB is the first
periodic report to be filed by the Company) and has not had sufficient
opportunity to implement internal systems for the timely preparation and filing
of 1934 Act reports.
Part IV--Other Information
(1) Name and telephone number of person to contact in regard to this
notification:
Ward B. Hinkle (716) 856-4000
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under section 13 or 15(d)
of the Securities Exchange Act of 1934 or section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
[X] Yes [ ] No
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(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or
portion thereof?
[ ] Yes [X] No
Southern Security Bank Corporation
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(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date:April 1, 1998 By:/s/James L. Wilson
Name: James L. Wilson
Title: Vice Chairman,
Chief Executive Officer
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McGLADREY & PULLEN, LLP
Certified Public Accountants and Consultants
To the Board of Directors and Stockholders
Southern Security Bank Corporation and Subsidiary
Hollywood, Florida
We are unable to furnish an opinion on or before March 31, 1998, on the
financial statements of Southern Security Bank Corporation and Subsidiary as of
December 31, 1997 and 1996 and for the years then ended, because additional time
is needed to complete audit fieldwork.
/S/ McGladrey & Pullen, LLP
Fort Lauderdale, Florida
March 31, 1998
