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Article: SouthFirst Bancshares, Inc. Announces Settlement Agreement Between First Federal of the South and Former Director and Others.
- Article from:
- Business Wire
- Article date:
- July 2, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
SouthFirst Bancshares, Inc. (AMEX: SZB) (the "Company") announced that First Federal of the South, a federally-chartered, stock savings association and a wholly-owned subsidiary of the Company ("First Federal"), has entered into a settlement agreement (the "Settlement Agreement") with Charles R. Vawter, Jr., a former director of the Company and First Federal, Charles R. Vawter, Sr., Vawter Properties & Resources, LP, Angela H. Vawter and Automatic Gas & Appliance Co., Inc. (each a "Released Party," and, collectively, the "Released Parties").
The Settlement Agreement was executed by all of the Released Parties on June 28, 2002 (the ...