SouthFirst Bancshares Inc. in Sylacauga, Ala., is replacing its chief executive.

The $129.5 million-asset company said in a Wednesday press release that Sandra H. Stephens, who has been the CEO at SouthFirst and its bank for five years, will resign Jan. 2 to "spend more time with her family."

Randall L. Fields, who had been an executive at Merchants and Farmers Bank in Mississippi, is to become CEO of SouthFirst Bank once Stephens leaves. Allan G. McMillan 3rd, the company's chairman, is to succeed Stephens as the parent's interim CEO.

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