EXHIBIT 10.11
Employment Agreement
Between
The Southern Bank Company
And Gates B. Little
2001 Amendment
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WHEREAS, The Southern Bank Company (the "Bank") has entered into an
Employment Agreement (the "Agreement") with Gates B. Little (the "Employee");
and
WHEREAS, the Board of Directors of the Bank (the "Board") and the
Employee have determined that it is appropriate to amend the Agreement to
redefine the Employee's position with the Bank.
NOW, THEREFORE, the Agreement shall be amended as follows, effective
immediately.
1. The first sentence in Section 1 shall be amended by replacing "Chief
Operating Officer" with "Chief Executive Officer."
2. Nothing contained herein shall be held to alter, vary or otherwise
affect any of the terms, provisions or conditions of the Agreement
other than as stated above.
WHEREFORE, on this 15/th/ day of March, 2001, the undersigned hereby
approve this 2001 Amendment of the Agreement.
THE SOUTHERN BANK COMPANY
BY______________________________
Its Investment Officer
______________________________
Gates B. Little
