-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
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 GjbF6hQtqdn1lIiLPgUmvw==

<SEC-DOCUMENT>0000950138-09-000307.txt : 20090420
<SEC-HEADER>0000950138-09-000307.hdr.sgml : 20090420
<ACCEPTANCE-DATETIME>20090417163128
ACCESSION NUMBER:		0000950138-09-000307
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090417
DATE AS OF CHANGE:		20090417
EFFECTIVENESS DATE:		20090417

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST SOUTHERN BANCORP
		CENTRAL INDEX KEY:			0001462236
		IRS NUMBER:				582635782
		STATE OF INCORPORATION:			GA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-130338
		FILM NUMBER:		09757195

	BUSINESS ADDRESS:	
		STREET 1:		201 SOUTH MAIN STREET
		CITY:			STATESBORO
		STATE:			GA
		ZIP:			30458
		BUSINESS PHONE:		912-489-7600

	MAIL ADDRESS:	
		STREET 1:		201 SOUTH MAIN STREET
		CITY:			STATESBORO
		STATE:			GA
		ZIP:			30458
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0301</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001462236</cik>
        <entityName>FIRST SOUTHERN BANCORP</entityName>
        <issuerAddress>
            <street1>201 SOUTH MAIN STREET</street1>
            <city>STATESBORO</city>
            <stateOrCountry>GA</stateOrCountry>
            <zipCode>30458</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(912) 489-7600</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>GA</jurisdictionOfInc>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>F.</firstName>
                <middleName>Thomas</middleName>
                <lastName>David</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o First Southern Bancorp</street1>
                <street2>201 S. Main Street</street2>
                <city>Statesboro</city>
                <stateOrCountry>GA</stateOrCountry>
                <zipCode>30458</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>President and CEO</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Christopher</firstName>
                <middleName>T.</middleName>
                <lastName>Cliett</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o First Southern Bancorp</street1>
                <street2>201 S. Main Street</street2>
                <city>Statesboro</city>
                <stateOrCountry>GA</stateOrCountry>
                <zipCode>30458</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Vice President and Chief Credit Officer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mike</firstName>
                <middleName></middleName>
                <lastName>Anderson</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o First Southern Bancorp</street1>
                <street2>201 S. Main Street</street2>
                <city>Statesboro</city>
                <stateOrCountry>GA</stateOrCountry>
                <zipCode>30458</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>William</firstName>
                <middleName>I.</middleName>
                <lastName>Griffis</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o First Southern Bancorp</street1>
                <street2>201 S. Main Street</street2>
                <city>Statesboro</city>
                <stateOrCountry>GA</stateOrCountry>
                <zipCode>30458</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Tracy</firstName>
                <middleName>D.</middleName>
                <lastName>Ham</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o First Southern Bancorp</street1>
                <street2>201 S. Main Street</street2>
                <city>Statesboro</city>
                <stateOrCountry>GA</stateOrCountry>
                <zipCode>30458</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>James</firstName>
                <middleName>A.</middleName>
                <lastName>High</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o First Southern Bancorp</street1>
                <street2>201 S. Main Street</street2>
                <city>Statesboro</city>
                <stateOrCountry>GA</stateOrCountry>
                <zipCode>30458</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Walker</firstName>
                <middleName>Pratt</middleName>
                <lastName>Hill</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o First Southern Bancorp</street1>
                <street2>201 S. Main Street</street2>
                <city>Statesboro</city>
                <stateOrCountry>GA</stateOrCountry>
                <zipCode>30458</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michael</firstName>
                <middleName>R.</middleName>
                <lastName>Kennedy</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o First Southern Bancorp</street1>
                <street2>201 S. Main Street</street2>
                <city>Statesboro</city>
                <stateOrCountry>GA</stateOrCountry>
                <zipCode>30458</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>R.</firstName>
                <middleName>Whitman</middleName>
                <lastName>Lord</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o First Southern Bancorp</street1>
                <street2>201 S. Main Street</street2>
                <city>Statesboro</city>
                <stateOrCountry>GA</stateOrCountry>
                <zipCode>30458</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Laura</firstName>
                <middleName>Taulbee</middleName>
                <lastName>Marsh</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o First Southern Bancorp</street1>
                <street2>201 S. Main Street</street2>
                <city>Statesboro</city>
                <stateOrCountry>GA</stateOrCountry>
                <zipCode>30458</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Jeffrey</firstName>
                <middleName>D.</middleName>
                <lastName>Pope</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o First Southern Bancorp</street1>
                <street2>201 S. Main Street</street2>
                <city>Statesboro</city>
                <stateOrCountry>GA</stateOrCountry>
                <zipCode>30458</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Ronnie</firstName>
                <middleName>J.</middleName>
                <lastName>Pope</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o First Southern Bancorp</street1>
                <street2>201 S. Main Street</street2>
                <city>Statesboro</city>
                <stateOrCountry>GA</stateOrCountry>
                <zipCode>30458</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Hudson</firstName>
                <middleName>J.</middleName>
                <lastName>Powell, Sr.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o First Southern Bancorp</street1>
                <street2>201 S. Main Street</street2>
                <city>Statesboro</city>
                <stateOrCountry>GA</stateOrCountry>
                <zipCode>30458</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Lamar</firstName>
                <middleName>O.</middleName>
                <lastName>Reddick</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o First Southern Bancorp</street1>
                <street2>201 S. Main Street</street2>
                <city>Statesboro</city>
                <stateOrCountry>GA</stateOrCountry>
                <zipCode>30458</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Devra</firstName>
                <middleName>P.</middleName>
                <lastName>Walker</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o First Southern Bancorp</street1>
                <street2>201 S. Main Street</street2>
                <city>Statesboro</city>
                <stateOrCountry>GA</stateOrCountry>
                <zipCode>30458</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>L.</firstName>
                <middleName>Anthony</middleName>
                <lastName>Waters, III</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o First Southern Bancorp</street1>
                <street2>201 S. Main Street</street2>
                <city>Statesboro</city>
                <stateOrCountry>GA</stateOrCountry>
                <zipCode>30458</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Bo</firstName>
                <middleName></middleName>
                <lastName>Fennell</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o First Southern Bancorp</street1>
                <street2>201 S. Main Street</street2>
                <city>Statesboro</city>
                <stateOrCountry>GA</stateOrCountry>
                <zipCode>30458</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chief Financial Officer and Chief Operations Officer</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Commercial Banking</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-03-31</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Units that include shares of Common Stock and a Convertible Subordinated Debenture.</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>10000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>5000000</totalOfferingAmount>
            <totalAmountSold>4180000</totalAmountSold>
            <totalRemaining>820000</totalRemaining>
            <clarificationOfResponse>The aggregrate amount offered was $5,000,000, and, as of this filing, the Company had received $4,300,000.  The Company anticipates holding the offering open over the coming months to collect additional subscriptions.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>16</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>The purpose of the offering was to raise capital to support the operations of our subsidiary bank.  While management retains discretion to allocate the proceeds of the offering, it has no plans to use offering proceeds for this kind of payment.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>FIRST SOUTHERN BANCORP</issuerName>
                <signatureName>/s/ Bo Fennell</signatureName>
                <nameOfSigner>Bo Fennell</nameOfSigner>
                <signatureTitle>Chief Financial Officer and Chief Operations Officer</signatureTitle>
                <signatureDate>2009-04-15</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----