SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For Quarter ended June 30, 1998. Commission file #0-15423
SOUTH ALABAMA BANCORPORATION, INC.
(Exact name of registrant as specified in its charter)
Alabama 63-0909434
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) Identification Number)
100 St. Joseph Street, Mobile, Alabama 36602
(Address of principal executive offices) (Zip Code)
(334) 431-7800
(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements
for the past 90 days. Yes X . No .
Shares of common stock ($0.01 Par) outstanding at June 30,
1998: 6,525,709
Page 1 of 2
Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits
(3) Articles of Incorporation and Bylaws
.1 Articles of Amendment to the Articles of Incorporation
of South Alabama Bancorporation, Inc., dated May 7, 1998.
(27) Financial Data Schedule Article 9
(b) Reports on Form 8-K
There were no reports filed of Form 8-K for the three month
period ended June 30, 1998.
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
SOUTH ALABAMA BANCORPORATION
08/24/98 /s/ W. Bibb Lamar, Jr.
Date W. Bibb Lamar, Jr.
President
08/24/98 /s/ F. Michael Johnson
Date F. Michael Johnson
Chief Financial Officer
ARTICLES OF AMENDMENT
TO THE
ARTICLES OF INCORPORATION
OF
SOUTH ALABAMA BANCORPORATION, INC.
These Articles of Amendment are executed on the 7th day of May, 1998.
ARTICLE ONE
The name of the corporation is South Alabama Bancorporation, Inc.
ARTICLE TWO
The Articles of Incorporation of the corporation are amended by deleting
subparagraph (a) of Article Two in its entirety and replacing the same with
the following:
"(a) The total number of shares of capital stock which the
Corporation shall have authority to issue is 10,500,000 shares of
the par value of $.01 per share, consisting of: (1) 10,000,000
shares of Common Stock and (2) 500,000 shares of Preferred
Stock."
ARTICLE THREE
The foregoing amendment was adopted on May 7, 1998.
ARTICLE FOUR
(a) The number of outstanding shares entitled to vote on the foregoing
amendment is 4,247,586 shares of common stock. The corporation has no
separate voting groups, and 3,778,578 shares were represented at the meeting.
(b) The shares were voted 3,732,541 shares for said amendment and
33,069 shares against said amendment.
IN WITNESS WHEREOF, the undersigned has caused these Articles of
Amendment to be executed by its officer thereunto duly authorized on the date
first above written.
SOUTH ALABAMA BANCORPORATION, INC.
By: /s/ W. Bibb Lamar, Jr.
W. BIBB LAMAR, JR., President and
Chief Executive Officer
Prepared by:
Brooks P. Milling, Esquire
Hand Arendall, L.L.C.
P. O. Box 123
Mobile, Alabama 36601
(334) 432-5511
N:\BROOKSM\SAB\ARTICLE4.WPD
