SOUTH ALABAMA BANCORPORATION INC /DE/
S-8, 1999-09-23
NATIONAL COMMERCIAL BANKS
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As filed with the Securities and Exchange Commission on September ____, 1999

                                            Registration No. 333-


                SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549
                       ____________________

                             Form S-8
                      REGISTRATION STATEMENT
                              Under
                    THE SECURITIES ACT OF 1933
                       ____________________

                SOUTH ALABAMA BANCORPORATION, INC.
      (Exact name of registrant as specified in its charter)

Alabama                                                   63-0909434
(State or other jurisdiction                              (I.R.S. Employer
 of incorporation or organization)                        Identification No.)



                       ____________________

100 Saint Joseph Street
P. O. Box 3067
Mobile, Alabama                                                     36652
(Address of Principal Executive Offices)                           (Zip Code)
                       ____________________

                   SOUTH ALABAMA BANCORPORATION
                 1993 INCENTIVE COMPENSATION PLAN
                     (Full title of the plan)
                      _____________________

                                                  Copy to:
F. MICHAEL JOHNSON                                BROOKS P. MILLING
Secretary and Chief Financial Officer             Hand Arendall, L.L.C.
100 Saint Joseph Street                           P. O. Box 123
P. O. Box 3067                                    Mobile, Alabama  36601
Mobile, Alabama  36652                            (334) 432-5511
(Name and address of agent for service)
____________________

(334) 431-7800
(Telephone number, including area code, of agent for service)

<TABLE>
                 CALCULATION OF REGISTRATION FEE


<CAPTION>
                                                Proposed maximum  Proposed maximum
Title of                        Amount to be    offering price    aggregate          Amount of
securities to be registered     Registered(1)   per share(2)      offering price(3)  registration fee

<S>                             <C>             <C>               <C>                <C>
Common Stock (par value $0.01)  150,000 shares  $12.9375          $1,940,625         $539.49
</TABLE>


(1) Representing shares of the Registrant's Common Stock, $.01 par value (the
"Common Stock") to be issued and sold by the Registrant in connection with
the exercise of options granted under the Registrant's 1993 Incentive
Compensation Plan (the "Plan").  This Registration Statement also covers such
indeterminable number of additional shares as may become issuable to prevent
dilution in the event of stock splits, stock dividends or similar transactions
pursuant to the terms of the Plan.
(2) Based on the average of the high and low prices of the Registrant's
Common Stock as reported on the NASDAQ Stock Market on September 21, 1999.
(3) Estimated solely for the purpose of calculating the Registration Fee
pursuant to Rule 457(h)(1) under the Securities Act of 1933, as amended.



Incorporation by Reference of Contents of Registration Statement on Form S-8
(Reg. No. 333-76575).


     The contents of the Registration Statement on Form S-8 filed by the
Registrant on April 19, 1999 (Registration No. 333-76575) relating to the
Plan are hereby incorporated by reference pursuant to General Instruction E
to Form S-8.



                            SIGNATURES

     South Alabama. Pursuant to the requirements of the Securities Act of
1933, South Alabama certifies that it has reasonable grounds to believe that
it meets all of the requirements for filing on Form S-8 and has duly caused
this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Mobile, State of Alabama, on
September 21, 1999.



                                   SOUTH ALABAMA BANCORPORATION, INC.



                                   By:  /s/ W. Bibb Lamar, Jr.
                                        W. Bibb Lamar, Jr.
                                        President and Chief Executive Officer


                        POWER OF ATTORNEY

     We, the undersigned officers and directors of South Alabama
Bancorporation, Inc. hereby severally constitute W. Bibb Lamar, Jr. and F.
Michael Johnson and each of them singly, our true and lawful attorneys with
full power to them, and each of them singly, to sign for us and in our names
in the capacities indicated below the Registration Statement filed herewith
and any and all amendments to said Registration Statement, and generally to
do all such things in our name and behalf in our capacities as officers and
directors to enable South Alabama Bancorporation, Inc. to comply with the
provisions of the Securities Act of 1933, as amended, and all requirements of
the Securities and Exchange Commission, hereby ratifying and confirming our
signatures as they may be signed by our said attorneys, or any of them, to
said Registration Statement and any and all amendments thereto.  Pursuant to
the requirements of the Securities Act of 1933, this Registration Statement
has been signed by the following persons in the capacities and on the date
indicated.

Name                              Title                              Date



/s/ W. Bibb Lamar, Jr.            President and                      9/21/99
W. Bibb Lamar, Jr.                CEO (Principal
                                  executive officer)

/s/ F. Michael Johnson            Chief Financial Officer            9/21/99
F. Michael Johnson                and Secretary
                                 (Principal financial and
                                  accounting officer)

/s/ John B. Barnett, III          Director, Executive                9/21/99
John B. Barnett, III              Vice President


/s/ Stephen G. Crawford           Director                           9/21/99
Stephen G. Crawford


/s/ Haniel F. Croft               Director                           9/21/99
Haniel F. Croft


/s/ David C. De Laney             Director                           9/21/99
David C. De Laney


/s/ Lowell J. Friedman            Director                           9/21/99
Lowell J. Friedman

Name                              Title                              Date


                                  Director
Broox G. Garrett, Jr.


                                  Director
W. Dwight Harrigan


                                  Director
James P. Hayes, Jr.


/s/ Clifton C. Inge               Director                           9/21/99
Clifton C. Inge


/s/ W. Bibb Lamar, Jr.            Director                           9/21/99
W. Bibb Lamar, Jr.


/s/ Richard S. Manley             Director                           9/21/99
Richard S. Manley


                                  Director
Kenneth R. McCartha


                                  Director
Thomas E. McMillan, Jr.


/s/ J. Richard Miller, III        Director                           9/21/99
J. Richard Miller, III


/s/ Harris V. Morrissette         Director                           9/21/99
Harris V. Morrissette


/s/ J. Stephen Nelson             Director and Chairman              9/21/99
J. Stephen Nelson


                                  Director
Paul D. Owens, Jr.


                                  Director
Earl H. Weaver


/s/ A. G. Westbrook               Director                           9/21/99
A. G. Westbrook



                        INDEX TO EXHIBITS

Exhibit No.              Description

5                        Opinion of Hand Arendall, L.L.C.

23.1                     Consent of Hand Arendall, L.L.C. is contained in its
                         opinion filed as Exhibit 5.

23.2                     Consent of Arthur Andersen LLP.








                                                        Exhibit 5









                        September 23, 1999



South Alabama Bancorporation, Inc.
100 St. Joseph Street
Mobile, Alabama 36602

               Re:  Registration Statement on Form S-8
                    1993 Incentive Compensation Plan

Ladies and Gentlemen:

     We have served as counsel for South Alabama Bancorporation, Inc., an
Alabama corporation (the "Company"), in connection with the registration
under the Securities Act of 1933, as amended, pursuant to a Registration
Statement on Form S-8 (the "Registration Statement") of an aggregate of
150,000 shares (the "Shares") of common stock, $.01 par value of the Company,
to be offered and sold by the Company pursuant to the Company's 1993
Incentive Compensation Plan (the "Plan").

     We have examined and are familiar with originals or copies (certified,
photostatic or otherwise identified to our satisfaction) of such documents,
corporate records and other instruments relating to the incorporation of the
Company and the adoption of the Plan as we have deemed necessary and
advisable.

     In all such examinations, we have assumed the genuineness of all
signatures on all originals and copies of documents we have examined, the
authenticity of all documents submitted to us as originals and the conformity
to original documents of all certified, conformed or photostatic copies.  As
to questions of fact material and relevant to our opinion, we have relied
upon certificates or representations of Company officials and of appropriate
state, local and federal officials.

     This opinion is limited to the corporate law of the State of Alabama.

     Based upon and subject to the foregoing and having regard for such legal
considerations as we have deemed relevant, it is our opinion that:

     1.   The Shares have been duly authorized; and

     2.   Upon the issuance and delivery of the Shares upon receipt of lawful
consideration therefor pursuant to the Plan, such Shares will be validly
issued, fully paid and non-assessable.

     We hereby consent to the filing of this opinion as Exhibit 5 to the
Registration Statement.

                                        Very truly yours,

                                        HAND ARENDALL, L.L.C.



                                        By:  /s/T. Bruce McGowin
                                              A Member
























           CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS



As independent public accountants, we hereby consent to the incorporation
by reference in the registration statement filed on Form S-8 of our report
dated January 29, 1999 included in South Alabama Bancorporation's Form 10-K
for the year ended December 31, 1998 and to all references to our Firm
included in the registration statement.



                                       /s/Arthur Andersen LLP



Birmingham, Alabama
September 21, 1999



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