SouthFirst Bank

SouthFirst Bank was established on October 18, 1949, originally named First Federal Savings and Loan Association. Over the years, it underwent several name changes, including becoming First Federal of the South on February 13, 1995, when it also changed its organization type to Stock Savings & Loan. The institution expanded through acquisitions, notably acquiring First Federal Savings and Loan Association of Chilton County in Clanton, Alabama, on October 31, 1997. In 2005, it adopted the name SouthFirst Bank. The bank's regulatory oversight transitioned to The Office of the Comptroller of the Currency on July 21, 2011, and in 2008 it changed its trust powers to none. On April 15, 2021, SouthFirst Bank changed its name to First Bank of Alabama and merged with First Bank of Alabama in Talladega, Alabama.

Below is a list of some important events in banks history, including mergers and acquisitions.

1949-10-18Institution established. Original name: First Federal Savings and Loan Association.

1995-02-13Changed Organization Type to Stock Savings & Loan.

1995-02-13Changed Institution Name to First Federal of the South.

1997-10-31Acquired First Federal Savings and Loan Association of Chilton County in Clanton, AL.

1998-09-09Changed Trust Powers to Full.

2005-09-13Changed Institution Name to SouthFirst Bank.

2008-10-15Changed Trust Powers to None.

2011-07-21Changed Primary Federal Regulatory Agency to The Office of the Comptroller of the Currency.

2021-04-15Merged and became part of First Bank of Alabama in Talladega, AL.

2021-04-15Changed Institution Name to First Bank of Alabama.