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 20, 2000
SOUTH ALABAMA BANCORPORATION, INC.
(Exact name of registrant as specified in its charter)
Alabama 0-15423 63-0909434
(State or other jurisdiction of Commission file (I.R.S. employer
incorporation or organization) Number 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)
N/A
Former Name, Former Address and Former Fiscal Year, if changed since last report
Item 5. Other Events and Regulation FD Disclosure
On December 20, 2000, the Registrant announced that it was negotiating a
definitive agreement for the combination of the Registrant and The Peoples
BancTrust Company, Inc. ("Peoples") to be structured as a merger of equals.
Under the proposed exchange, the Registrant's shareholders would own 56 percent
and Peoples' shareholders would own 44 percent of the surviving corporation.
Further information is set forth in a press release dated December 20,
2000, attached as Exhibit 99.1 and incorporated herein by reference.
Item 7. Financial Statements and Exhibits
Exhibit 99.1 Press release dated December 20, 2000.
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 thereunto duly authorized.
SOUTH ALABAMA BANCORPORATION, INC.
12/27/2000 /s/F. Michael Johnson
Date F. Michael Johnson
Chief Financial Officer
