SOUTHFIRST BANCSHARES INC
SC 13G, 1998-10-15
SAVINGS INSTITUTION, FEDERALLY CHARTERED
Previous: NATIONAL DIAGNOSTICS INC, SC 13D/A, 1998-10-15
Next: SIGNAL INVESTMENT & MANAGEMENT CO, 10-Q, 1998-10-15



                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                                (Amendment No. )*

                           SouthFirst Bancshares, Inc.
                                (Name of Issuer)

                     Common Stock, par value $.01 per share
                         (Title and Class of Securities)

                                    844271106
                                 (CUSIP Number)


                                 October 8, 1998

             (Date of Event which Requires Filing of this Statement)

         Check the  appropriate box to designate the rule pursuant to which this
Schedule is filed:

                  __       Rule 13d-1(b)

                   X       Rule 13d-1(c)

                  __       Rule 13d-1(d)

         *The  remainder  of this cover page shall be filled out for a reporting
person's  initial  filing on this  form with  respect  to the  subject  class of
securities,  and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.

         The information  required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise  subject to the  liabilities of that section of
the Act but shall be subject to all other  provisions of the Act  (however,  see
the Notes).


<PAGE>



                                  SCHEDULE 13G

CUSIP No. 844271106                                               Page 2

1        NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)

                  Robert J. Salmon

2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
         Instructions)

                  (a)
                  (b)

3        SEC USE ONLY

4        CITIZENSHIP OR PLACE OF ORGANIZATION
                  United States

         NUMBER OF          5                 SOLE VOTING POWER
         SHARES
         BENEFICIALLY       6                 SHARED VOTING POWER   47,600
         OWNED BY
         EACH               7                 SOLE DISPOSITIVE POWER
         REPORTING
         PERSON             8                 SHARED DISPOSITIVE POWER  47,600
         WITH

9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                  47,600

10       CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
         SHARES (See Instructions)

11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                  5.1%

12       TYPE OF REPORTING PERSON (See Instructions)
                  IN










<PAGE>



SCHEDULE 13G

CUSIP No. 844271106                                          Page 3

1        NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)

                  Mary Anne J. Salmon

2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
         Instructions)

                  (a)
                  (b)

3        SEC USE ONLY

4        CITIZENSHIP OR PLACE OF ORGANIZATION
                  United States

         NUMBER OF          5                 SOLE VOTING POWER
         SHARES
         BENEFICIALLY       6                 SHARED VOTING POWER   47,600
         OWNED BY
         EACH               7                 SOLE DISPOSITIVE POWER
         REPORTING
         PERSON             8                 SHARED DISPOSITIVE POWER  47,600
         WITH

9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                  47,600

10       CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
         SHARES (See Instructions)

11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                  5.1%

12       TYPE OF REPORTING PERSON (See Instructions)
                  IN


<PAGE>



                                                                    Page 4
Item 1(a)                  Name of Issuer:

                  SouthFirst Bancshares, Inc. (the "Company")

Item 1(b)                  Address of Issuer's Principal Executive Offices:


                  126 North Norton Avenue, Sylacauga, Alabama 35150.


Item 2(a)                  Name of Person Filing:

                  Robert J. Salmon & Mary Anne J. Salmon

Item 2(b)      Address of Principal Business Office, or, if None,
               Residence:

          3623 Raymond Street
                  Chevy Chase, MD 20815


Item 2(c)       Citizenship:

          United States Citizens


Item 2(d)       Title of Class of Securities:

          Common Stock


Item 2(e)       CUSIP Numbers:

                  844271106


Item 3. If this statement is filed pursuant to section 240.13d- 1(c), check this
box [X].

Item 4.                    Ownership:

(a)   Amount Beneficially Owned ..................
                     47,600 shares of Common Stock

(b)   Percent of Class ..... 5.1%



<PAGE>



                                                                   Page 5

(c) Number of shares as to which the person has:
 
     (i)    Sole Power to Vote or Direct the Vote                      0

         (ii) Shared Power to Vote or Direct the Vote             47,600

         (iii)  Sole Power to Dispose or to Direct
                    the Disposition of                                 0

         (iv)   Shared Power to Dispose or to
            Direct the Disposition of                             47,600

                  Mr. and Mrs. Salmon have shared voting and dispositive
                  authority.

Item 5.                    Ownership of Five Percent or Less of a Class
                  N/A

Item 6.                    Ownership of More than Five Percent on Behalf of
                           Another Person

                  N/A

Item 7.                    Identification and Classification of the Subsidiary
                           Which Acquired the Security Being Reported on by
                           the Parent Holding Company

                  N/A

Item 8.                    Identification and Classification of Members of the
                           Group

                  N/A

Item 9.                    Notice of Dissolution of Group

                  N/A

Item 10(b).       Certification

                  By signing  below I certify,  to the best of my knowledge  and
belief, the securities  referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing  the control of the
issuer of the  securities  and were not acquired and are not held in  connection
with or as a participant in any transaction having that purpose or effect.



<PAGE>




                                                     Signature

         After reasonable  inquiry and to the best of my knowledge and belief, I
certify that the information  set forth in this statement is true,  complete and
correct.




Date: October 14, 1998                     /s/ Robert J. Salmon
                                           ---------------------
                                            Robert J. Salmon

                                           Mary Anne J. Salmon

                                           By: /s/ Robert J. Salmon
                                               ----------------------
                                           Robert J. Salmon
                                           Attorney in Fact





<PAGE>



                                POWER OF ATTORNEY


         KNOW ALL MEN BY THESE PRESENTS that the undersigned  hereby constitutes
and appoints Robert J. Salmon as my true and lawful  attorney-in-fact and agent,
with full power of substitution and resubstitution, for me in my name, place and
stead in any and all  capacities,  to do any and all acts and things and to sign
any and all  documents as may be necessary or advisable in  connection  with the
filing on behalf of me with the  Securities  and Exchange  Commission  under the
Securities  Exchange Act of 1934,  as amended  (the "1934 Act"),  of Schedules ,
Forms and other documents  relating to the securities of SouthFirst  Bancshares,
Inc., including,  without limitation,  executing such Schedules, Forms and other
documents and any and all  amendments and exhibits  thereto,  granting unto said
attorney-in-fact  and agent full power and  authority to do and perform each and
every  act and  thing  requisite  and  necessary  to be done  in and  about  the
premises,  as full to all intents and purposes as the undersigned might or could
do in person, hereby ratifying and confirming all that said attorney-in-fact and
agent, or his substitute or resubstitute, may lawfully do or cause to be done by
virtue hereof.

         IN WITNESS  WHEREOF,  the  undersigned  has hereunto set her hand as of
this 14th day of October, 1998.



                                           /s/ Mary Anne J. Salmon

                                           Mary Anne J. Salmon


<PAGE>





© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission