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<TITLE>Mid-America Bancshares, Inc.</TITLE>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">As Filed with the Securities and Exchange Commission on September&nbsp;6, 2006
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Registration No.&nbsp;333-__________
</DIV>

<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM S-8</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REGISTRATION STATEMENT</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B><I>UNDER</I></B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B><I>THE SECURITIES ACT OF 1933</I></B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B><FONT style="font-variant: SMALL-CAPS">Mid-America Bancshares, Inc.</FONT></B>
</DIV>

<DIV align="center" style="font-size: 10pt"><B>(Exact name of registrant as specified in its charter)</B></DIV>


<DIV align="center">
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    <TD align="center" valign="top">Tennessee
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">16-1754596</TD>
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<TR valign="bottom">
    <TD align="center" valign="top">(State of other jurisdiction of incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">I.R.S. Employer Identification No.</TD>
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</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>7651 Highway 70, South<BR>
Nashville, Tennessee 37221<BR>
(Address of Principal Executive Offices) (Zip Code)</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><FONT style="font-variant: SMALL-CAPS"><B>Bank of the South 2001 Stock Option Plan</B></FONT><BR>
<FONT style="font-variant: SMALL-CAPS"><B>PrimeTrust Bank 2001 Statutory-Nonstatutory Stock Option Plan</B></FONT><BR>
<FONT style="font-variant: SMALL-CAPS"><B>PrimeTrust Bank 2005 Statutory-Nonstatutory Stock Option Plan</B></FONT>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>(Full title of the plans)</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Jason K. West,<BR>
Executive Vice President and CFO<BR>
Mid-America Bancshares, Inc.<BR>
7651 Highway 70, South<BR>
Nashville, Tennessee 37221<BR>
(Name and address of agent for service)</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>(615)&nbsp;646-4556<BR>
(Telephone number, including area code, of agent for service)</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B><I>Copy to:</I></B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Daniel W. Small, Esq.<BR>
One Burton Hills Boulevard, Suite&nbsp;330<BR>
Nashville, Tennessee 37215<BR>
(615)&nbsp;252-6000</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Calculation of Registration Fee</B>
</DIV>

<DIV align="center">
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    <TD nowrap align="center"><B>Title of</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount to be</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed Maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed Maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount of</B></TD>
    <TD width="1%">&nbsp;</TD>
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<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>Securities to be Registered</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Registered</B><SUP style="font-size: 85%; vertical-align: text-top"><B>1</B></SUP></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Offering Price Per Share</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Aggregate Offering Price</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Registration Fee</B></TD>
    <TD width="1%">&nbsp;</TD>
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                    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common stock, $1.00 par value</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD colspan="3" align="center" style="border-top: 2px solid #000000">1,009,525 shares</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">8.76</TD>
    <TD nowrap style="border-top: 2px solid #000000"><SUP style="font-size: 85%; vertical-align: text-top">2</SUP></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">8,843,439</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">946.25</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
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<TR style="font-size: 1px" valign="bottom">
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</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><SUP style="font-size: 85%; vertical-align: text-top">1</SUP> In accordance with the provisions of Rule&nbsp;416 under the Securities Act of 1933, as
amended (&#147;Securities Act&#148;), this Registration
Statement shall be deemed to cover any additional securities that may from time to time be offered
or issued to prevent dilution resulting from stock splits, stock dividends or similar transactions,
and the Registration Statement shall be deemed to register an indeterminate amount of interests in
such plan that are separate securities and required to be registered under the Securities Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><SUP style="font-size: 85%; vertical-align: text-top">2</SUP> Estimated solely for the purpose of calculating the registration fee in accordance
with Rules 457(c) and (h)&nbsp;under the Securities Act and based upon the exercise price of the stock
options and other derivative securities registered hereby.
</DIV>



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<TR><TD colspan="9"><A HREF="#000">INTRODUCTORY NOTE</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">PART I</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">PART II</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#004">POWER OF ATTORNEY</A></TD></TR>
<TR><TD colspan="9"><A HREF="#005">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="g03280exv5w1.htm">Ex-5.1  Opinion Daniel W. Small, Esq</A></TD></TR>
<TR><TD colspan="9"><A HREF="g03280exv23w1.htm">Ex-23.1  Independent Auditors' Consent of Maggart & Associates, P.C. (With respect to PrimeTrust Bank)</A></TD></TR>
<TR><TD colspan="9"><A HREF="g03280exv23w2.htm">Ex-23.2  Independent Auditors' Consent of Maggart & Associates, P.C. (With respect to Bank of the South)</A></TD></TR>
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<DIV align="left"><A NAME="000"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INTRODUCTORY NOTE</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The documents containing the information specified in Part&nbsp;I of Form S-8 (plan information and
Registrant information) will be sent or given to employees, directors, consultants, or advisors, as
the case may be, as specified by Rule&nbsp;428(b)(1) of the Securities Act of 1933, as amended
(&#147;Securities Act&#148;). These documents need not be filed with the Securities and Exchange Commission
(&#147;SEC&#148;), either as part of this Registration Statement or as prospectuses or prospectus supplements
pursuant to Rule&nbsp;424 of the Securities Act. These documents, which include the statement of
availability required by Item&nbsp;2 of Form S-8, and the documents incorporated by reference in this
Registration Statement pursuant to Item&nbsp;3 of Form S-8 (Part&nbsp;II of this Registration Statement),
taken together, constitute a prospectus that meets the requirements of section 10(a) of the
Securities Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">These securities are being registered as a result of a share exchange (the &#147;Share Exchange&#148;)
effected by and among Registrant, Bank of the South, Mt. Juliet, Tennessee, and PrimeTrust Bank,
Nashville, Tennessee, effective as of 12:01&nbsp;a.m. on September&nbsp;1, 2006 (the &#147;Effective Time&#148;). Each
bank is a &#147;Predecessor Issuer&#148; and collectively they are the &#147;Predecessor Issuers.&#148; Pursuant to the
terms of the Agreement and Plan of Reorganization and Share Exchange (the &#147;Agreement&#148;) by and among
Registrant and the said Predecessor Issuers, the Registrant agreed to assume and to be responsible
for issuing shares of its common stock, $1.00 par value, to holders of options to purchase common
stock of the respective Predecessor Issuers, adjusted to reflect the respective exchange ratios of
the two Predecessor Issuers in the Share Exchange. The Share Exchange was more fully described in
the Registrant&#146;s Registration Statement on Form S-4, as amended, which was originally filed with
the SEC on May&nbsp;18, 2006 (Commission File No.&nbsp;333-134247), to which reference is made with respect
to the requirement that the Registrant must file &#147;Form&nbsp;10 Information&#148; pursuant to paragraph (a)(7)
of Instruction A.1 of Form S-8.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the Agreement, the Registrant agreed to issue up to 505,256 shares of its common stock
to holders of options to purchase the common stock of Bank of the South and 504,269 shares of its
common stock to holders of options to purchase the common stock of PrimeTrust Bank.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The exchange ratio for Bank of the South common stock was 2.1814 shares of the Registrant&#146;s common
stock for each whole share of Bank of the South common
stock and the exchange ratio for PrimeTrust Bank common stock was 2.0 shares of Registrant&#146;s common
stock for each whole share of PrimeTrust Bank common stock.
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As a consequence of the Share Exchange, and pursuant to the Agreement,
</DIV>


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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each outstanding share of common stock of Bank of the South was
converted into the right to receive 2.1814 shares of the Registrant&#146;s common
stock for each whole share of Bank of the South common stock;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each outstanding share of common stock of PrimeTrust Bank was
converted into the right to receive 2.0 shares of the Registrant&#146;s common stock
for each whole share of PrimeTrust Bank common stock;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Registrant agreed to pay cash for fractional shares; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each outstanding option to purchase the common stock of either
Predecessor Issuer (a &#147;Predecessor Equity Incentive Option&#148;) granted pursuant
to the PrimeTrust Bank 2001 Statutory-Nonstatutory Stock Option Plan, the
PrimeTrust Bank 2005 Statutory-Nonstatutory Stock Option Plan, and the Bank of
the South 2001 Stock Option Plan (together, the &#147;Predecessor Equity Incentive
Plans&#148;), whether vested or unvested, was deemed to constitute an option to
acquire, on the same terms and conditions as were applicable under such
Predecessor Equity Incentive Option, the same number of shares of the
Registrant&#146;s Common Stock as the holder of such Predecessor Equity Incentive
Option would have been entitled to receive pursuant to the Share Exchange had
such holder exercised such option in full immediately prior to the Effective
Time of the Share Exchange, at the same price per share as was in place
immediately prior to the Effective Time.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Neither of the Predecessor Issuers filed a registration statement with respect to the Predecessor
Equity Incentive Plans or the shares to be issued thereunder because the shares of Predecessor
Issuer common stock to be issued in connection therewith were exempt from registration under
Section&nbsp;3(a)(2) of the Securities Act.
</DIV>

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<DIV align="left"><A NAME="001"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART I</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 1. PLAN INFORMATION</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Documents containing the information required by Part&nbsp;I of the Registration Statement will be sent
or given to participants in the Plans as specified by Rule&nbsp;428(b). Such documents are not filed
with the SEC either as part of this Registration Statement or as prospectuses or prospectus
supplements pursuant to Rule&nbsp;424 in reliance on Rule&nbsp;428.
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 2. REGISTRANT INFORMATION AND EMPLOYEE PLAN ANNUAL INFORMATION</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Registrant will, upon written or oral request, provide without charge to any persons to whom
the prospectuses relating to this Registration Statement are delivered, a copy of any and all of
the information which has been incorporated by reference in such prospectuses and this Registration
Statement (pursuant to Item&nbsp;3 of Part&nbsp;II below). Such requests should be directed to the Secretary,
Mid-America Bancshares, Inc., 7651 Highway 70, South, Nashville, Tennessee 37221 (telephone: (615)
646-4556).
</DIV>

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<DIV align="left"><A NAME="002"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INFORMATION REQUIRED IN REGISTRATION STATEMENT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Registrant has filed with the SEC and hereby incorporates by reference in this Registration
Statement the following documents:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Registrant&#146;s Current Report on Form 8-K filed on September&nbsp;1, 2006, reflecting the
Registrant&#146;s status as the successor issuer under Rule&nbsp;12g-3 (17 CFR 240.12g-3) to Bank of the
South, Mt. Juliet, Tennessee, and to PrimeTrust Bank, Nashville, Tennessee. Registrant became the
successor issuer pursuant to a share exchange consummated on September&nbsp;1, 2006. Each predecessor
issuer had previously filed a Form 10-SB under Section 12(g) of the Securities Exchange Act of
1934, as amended (&#147;Exchange Act&#148;) with the Federal Deposit Insurance Corporation and had filed
reports, proxy materials, and other documents with the FDIC under the Exchange Act. No reference is
made in this Registration Statement to any registration statement on Form&nbsp;10 or Form 10-SB filed by
the Registrant under the Exchange because the Registrant was a successor issuer as noted above and was not
required to file any such registration statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The parts of the prospectus portion of Registrant&#146;s Registration Statement on Form S-4, as
amended (Commission File No.&nbsp;333-134247), and Exhibits 3(i), 3(ii), 4.3 and 10.1 thereto,
containing a description of the class of the Registrant&#146;s securities being registered under this
Registration Statement and also a description of the Predecessor Equity Incentive Plans.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;All documents subsequently filed by the Registrant pursuant to Sections&nbsp;13(a), 13(c), 14
and 15(d) of the Securities Exchange Act of 1934, prior to the filing of a post-effective amendment
which indicates that all securities offered hereby have been sold or which deregisters all
securities then remaining unsold, shall be deemed to be incorporated by reference in this
Registration Statement and to be part hereof from the date of filing of such documents.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 4. DESCRIPTION OF SECURITIES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Not applicable.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Counsel to the Company, Daniel W. Small, Attorney at Law, owns an estimated 12,382 shares of the
Company&#146;s common stock as of the date hereof. He was not a
participant in the Plans.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under the Tennessee Business Corporation Act, a corporation may indemnify any director against
liability if the director:
</DIV>


<DIV style="margin-top: 6pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Conducted himself or herself in good faith;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Reasonably believed, in the case of conduct in his or her official
capacity with the corporation, that his or her conduct was in the best
interests of the corporation;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Reasonably believed, in all other cases, that his or her conduct was
at least not opposed to the corporation&#146;s best interests; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the case of any criminal proceeding, had no reasonable cause to
believe his or her conduct was unlawful.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company&#146;s charter and bylaws provide for indemnification of its directors,
officers, employees and agents against liabilities and expenses incurred in legal proceedings
concerning the Company, to the fullest extent permitted under Tennessee corporate law.
Indemnification will only apply to persons who act in good faith, in a manner he or she reasonably
believed to be in the best interest of the company, without willful misconduct or recklessness.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-4-<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company&#146;s directors&#146; and officers&#146; liability insurance policy is expected to cover the typical
errors and omissions liability associated with the activities of the Company and its subsidiary
banks (the &#147;Banks&#148;), which are the Predecessor Issuers described above. The provisions of the
insurance policy might not indemnify the Company&#146;s or Banks&#146; officers and directors against
liability arising under the Securities Act or with respect to liability imposed for violations of
applicable federal law, including the Federal Deposit Insurance Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company&#146;s charter eliminates a director&#146;s liability to the Company or its shareholders for
monetary damages to the maximum extent permitted by law. Section&nbsp;48-18-301 of the Tennessee
Business Corporation Act provides that a director shall not be liable for any action, or failure to
take action if he or she discharges his or her duties:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In good faith;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>With the care of an ordinarily prudent person in a like position under
similar circumstances; and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In a manner the director reasonably believes to be in the best
interests of the corporation.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In discharging her or his duties, a director may rely on the information, opinions, reports, or
statements, including financial statements, if prepared or presented by officers or employees of
the corporation whom the director reasonably believes to be reliable. The director may also rely on
such information prepared or presented by legal counsel, public accountants or other persons as to
matters that the director reasonably believes are within the person&#146;s competence.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Unless limited by its charter, a Tennessee corporation must indemnify, against reasonable expenses
incurred by him or her, a director who was wholly successful, on the merits or otherwise, in
defending any proceeding to which he or she was a party because he or she is or was a director of
the corporation. Expenses incurred
by a director in defending a proceeding may be paid by the corporation in advance of the final
disposition of the proceeding if three conditions are met:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The director must furnish the corporation a written affirmation of the
director&#146;s good faith belief that he or she has met the standard of
conduct as set forth above;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The director must furnish the corporation a written undertaking by or
on behalf of a director to repay such amount if it is ultimately
determined that he or she is not entitled to be indemnified by the
corporation against such expenses; and</TD>
</TR>


</TABLE>
</DIV>
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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A determination must be made that the facts then known to those making
the determination would not preclude indemnification.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A director may apply for court-ordered indemnification under certain circumstances. Unless a
corporation&#146;s charter provides otherwise,
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An officer of a corporation is entitled to mandatory indemnification
and is entitled to apply for court-ordered indemnification to the same
extent as a director,</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The corporation may indemnify and advance expenses to an officer,
employee, or agent of the corporation to the same extent as to a
director, and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A corporation may also indemnify and advance expenses to an officer,
employee, or agent who is not a director to the extent, consistent
with public policy, that may be provided by its charter, bylaws,
general or specific action of its board of directors, or contract.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company&#146;s charter and bylaws provide for the indemnification of its directors and officers to
the fullest extent permitted by Tennessee law. Amendment of this provision requires a vote of
seventy-five percent (75%) of the outstanding Company shares unless a majority vote is expressly
permitted by vote of seventy-five percent (75%) of the members of the Company&#146;s entire board of
directors. However, provisions of federal and state banking law (including the Federal Deposit
Insurance Act) may limit indemnification in certain circumstances.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For a period of six years following the September&nbsp;1, 2006, effective date of the Share Exchange,
the Company has agreed to indemnify and defend executive officers and directors of the Banks from
claims, accusations, proceedings, or actions arising out of their service as Bank directors and
executive officers to the same extent that each Bank was obligated to indemnify them prior to
completion of the Share Exchange. Presently, bank directors and executive officers are covered by
certain of the Company&#146;s insurance coverages.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Insofar as indemnification for liabilities arising under the Securities Act may be permitted to
directors, officers, or persons controlling the Company under the provisions described above, the
Company has been informed that, in the opinion of the SEC, such indemnification is against public
policy as expressed in the Securities Act and is therefore unenforceable.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Not applicable.
</DIV>



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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 8. EXHIBITS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The listing of exhibits is incorporated by reference to the Exhibit&nbsp;Index appearing elsewhere in
this Registration Statement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 9. UNDERTAKINGS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;The Registrant hereby undertakes:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;To file, during any period in which offers or sales are being made, a post-effective
amendment to this Registration Statement:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;To include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;To reflect in the prospectus any facts or events arising after the effective date of the
Registration Statement (or the most recent post-effective amendment thereof) which, individually or
in the aggregate, represent a fundamental change in the information set forth in the Registration
Statement; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;To include any material information with respect to the plan of distribution not
previously disclosed in the Registration Statement or any material change to such information in
the Registration Statement;
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">provided, however, that paragraphs (1)(a)(i) and (1)(a)(ii) do not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in periodic
reports filed by the Registrant pursuant to Section 13(a) or Section 15(d) of the Exchange Act that
are incorporated by reference in the Registration Statement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;The Registrant hereby undertakes that, for the purpose of determining any liability under
the Securities Act, each filing of the issuer&#146;s annual report pursuant to Section 13(a) or 15(d) of
the Exchange Act (and, where applicable, each
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">filing of an employee benefit plan&#146;s annual report
pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the
Registration Statement shall be deemed to be a new registration statement relating to the
securities offered therein and the offering of such securities at the time shall be deemed to be
the initial bona fide offering hereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the Registrant pursuant to the
above-mentioned provisions, or otherwise, the Registrant has been advised that in the opinion of
the SEC such indemnification is against public policy as expressed in the Securities Act and is,
therefore, unenforceable. In the event that a claim for indemnification against such liabilities
(other than the payment by the Registrant of expenses incurred or paid by a director, officer or
controlling person of the Registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter has been settled
by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-8-<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="003"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the Registrant, Mid-America
Bancshares, Inc., a corporation organized and existing under the laws of the State of Tennessee,
certifies that it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Nashville, State of Tennessee, on
September&nbsp;6, 2006.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">REGISTRANT:<BR>
<BR>
<BR>
MID-AMERICA BANCSHARES, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Gary L. Scott
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Gary L. Scott, Chairman&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt"><!-- Folio -->-9-<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>
<!-- link1 "POWER OF ATTORNEY" -->
<DIV align="left"><A NAME="004"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each person whose signature appears below constitutes and appoints each of Gary L. Scott,
David Major, James S. Short, Jason K. West, Susan Wilson, and Katy Wilson as her or his
attorney-in-fact, with the power of substitution, for her or him in any and all capacities, to sign
this Registration Statement, and any post-effective amendment to this Registration Statement, and
to file the same, with exhibits thereto and other documents in connection therewith, with the
Securities and Exchange Commission, granting to said attorney-in-fact, full power and authority to
do and perform each and every act and thing requisite and necessary to be done in connection
therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying
and confirming anything the said attorney-in-fact or his substitute or substitutes, may lawfully do
or cause to be done by virtue hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has
been signed by the following persons in the capacities and on the dates indicated.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Title</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" nowrap valign="top"><DIV style="margin-left:15px; text-indent:-15px">/s/ Harold Gordon Bone
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Harold Gordon Bone</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September 5, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Robert L. Callis
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Robert L. Callis</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September 5, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ James A. Campbell
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
James A. Campbell</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September 5, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Bruce G. Davis
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Bruce G. Davis</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September 5, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ E. C. Hardison, III
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
E. C. Hardison, III</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September 5, 2006</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->-10-<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Title</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ David Major
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
David Major</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
President and Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September 5, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Monty E. Mires
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Monty E. Mires</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September 5, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Margaret N. Perry
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Margaret N. Perry</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September 6, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Gary L. Scott
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Gary L. Scott</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Chairman and Chief
Executive Officer,
and Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September 6, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ James S. Short
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
James S. Short</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Executive Vice President,
Chief Risk Officer,
and Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September 5, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Stephen A. Steele
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Stephen A. Steele</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September 5, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ David V. Waldron
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
David V. Waldron</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September 5, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Jason K. West
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Jason K. West</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Executive Vice President,
Chief Financial and
Accounting Officer,
and Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September 5, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Edward A. Whitley
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Edward A. Whitley</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September 5, 2006</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->-11-<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- link1 "EXHIBIT INDEX" -->
<DIV align="left"><A NAME="005"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><FONT style="font-variant: SMALL-CAPS"><B>Exhibit</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><FONT style="font-variant: SMALL-CAPS"><B>Number</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><FONT style="font-variant: SMALL-CAPS"><B>Description of Exhibit</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><FONT style="font-variant: SMALL-CAPS"><B>Location</B></FONT></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Charter.
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Bylaws.
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><SUP style="font-size: 85%; vertical-align: text-top">(2)</SUP></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Specimen Stock Certificate for Common Stock of
Mid-America Bancshares, Inc.
</TD>
    <TD>&nbsp;</TD>

<TD align="center" valign="top"><SUP style="font-size: 85%; vertical-align: text-top">(3)</SUP></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion Daniel W. Small, Esq., Attorney at
Law, regarding the legality of the Common
Stock.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Contained herein</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mid-America Bancshares, Inc. 2006 Omnibus
Equity Incentive Plan.
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><SUP style="font-size: 85%; vertical-align: text-top">(4)</SUP></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Independent Auditors&#146; Consent of Maggart &#038;
Associates, P.C. (With respect to PrimeTrust
Bank).
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Contained herein</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Independent Auditors&#146; Consent of Maggart &#038;
Associates, P.C. (With respect to Bank of the
South).
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Contained herein</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Counsel is contained in Exhibit&nbsp;5.1.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Contained herein</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney related to signatures and
post-effective amendments.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Signature Page</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Incorporated by reference to Exhibit 3(i) of the Company&#146;s Registration
Statement on Form S-4, as amended (Commission File No.&nbsp;333-134247).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Incorporated by reference to Exhibit&nbsp;3(ii) of the
Company&#146;s Current Report on Form 8-K, as filed with the SEC on
September&nbsp;1, 2006.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Incorporated by reference to Exhibit&nbsp;4.3 of the Company&#146;s Registration
Statement on Form S-4, as amended (Commission File No.&nbsp;333-134247).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Incorporated by reference to Exhibit&nbsp;10.1 of the Company&#146;s Registration
Statement on Form S-4, as amended (Commission File No.&nbsp;333-134247).</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->-12-<!-- /Folio -->
</DIV>

</BODY>
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{"company-data": {"conformed-name": "Mid-America Bancshares, Inc.", "cik": "0001362984", "assigned-sic": "6022", "irs-number": "161754596", "state-of-incorporation": "TN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-137126", "film-number": "061075802"}, "business-address": {"street1": "7651 HIGHWAY 70 SOUTH", "city": "NASHVILLE", "state": "TN", "zip": "37221", "phone": "(615) 646-4556"}, "mail-address": {"street1": "7651 HIGHWAY 70 SOUTH", "city": "NASHVILLE", "state": "TN", "zip": "37221"}}
Mid-America Bancshares, Inc.
Table of Contents
As Filed with the Securities and Exchange Commission on September 6, 2006
Registration No. 333-__________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Mid-America Bancshares, Inc.
(Exact name of registrant as specified in its charter)
Tennessee
16-1754596
(State of other jurisdiction of incorporation or organization)
I.R.S. Employer Identification No.
7651 Highway 70, South
Nashville, Tennessee 37221
(Address of Principal Executive Offices) (Zip Code)
Bank of the South 2001 Stock Option Plan
PrimeTrust Bank 2001 Statutory-Nonstatutory Stock Option Plan
PrimeTrust Bank 2005 Statutory-Nonstatutory Stock Option Plan
(Full title of the plans)
Jason K. West,
Executive Vice President and CFO
Mid-America Bancshares, Inc.
7651 Highway 70, South
Nashville, Tennessee 37221
(Name and address of agent for service)
(615) 646-4556
(Telephone number, including area code, of agent for service)
Copy to:
Daniel W. Small, Esq.
One Burton Hills Boulevard, Suite 330
Nashville, Tennessee 37215
(615) 252-6000
Calculation of Registration Fee
Title of
Amount to be
Proposed Maximum
Proposed Maximum
Amount of
Securities to be Registered
Registered
1
Offering Price Per Share
Aggregate Offering Price
Registration Fee
Common stock, $1.00 par value
1,009,525 shares
$
8.76
2
$
8,843,439
$
946.25
1
In accordance with the provisions of Rule 416 under the Securities Act of 1933, as
amended ("Securities Act"), this Registration
Statement shall be deemed to cover any additional securities that may from time to time be offered
or issued to prevent dilution resulting from stock splits, stock dividends or similar transactions,
and the Registration Statement shall be deemed to register an indeterminate amount of interests in
such plan that are separate securities and required to be registered under the Securities Act.
2
Estimated solely for the purpose of calculating the registration fee in accordance
with Rules 457(c) and (h) under the Securities Act and based upon the exercise price of the stock
options and other derivative securities registered hereby.
TABLE OF CONTENTS
INTRODUCTORY NOTE
PART I
PART II
SIGNATURES
POWER OF ATTORNEY
EXHIBIT INDEX
Ex-5.1  Opinion Daniel W. Small, Esq
Ex-23.1  Independent Auditors' Consent of Maggart & Associates, P.C. (With respect to PrimeTrust Bank)
Ex-23.2  Independent Auditors' Consent of Maggart & Associates, P.C. (With respect to Bank of the South)
Table of Contents
INTRODUCTORY NOTE
The documents containing the information specified in Part I of Form S-8 (plan information and
Registrant information) will be sent or given to employees, directors, consultants, or advisors, as
the case may be, as specified by Rule 428(b)(1) of the Securities Act of 1933, as amended
("Securities Act"). These documents need not be filed with the Securities and Exchange Commission
("SEC"), either as part of this Registration Statement or as prospectuses or prospectus supplements
pursuant to Rule 424 of the Securities Act. These documents, which include the statement of
availability required by Item 2 of Form S-8, and the documents incorporated by reference in this
Registration Statement pursuant to Item 3 of Form S-8 (Part II of this Registration Statement),
taken together, constitute a prospectus that meets the requirements of section 10(a) of the
Securities Act.
These securities are being registered as a result of a share exchange (the "Share Exchange")
effected by and among Registrant, Bank of the South, Mt. Juliet, Tennessee, and PrimeTrust Bank,
Nashville, Tennessee, effective as of 12:01 a.m. on September 1, 2006 (the "Effective Time"). Each
bank is a "Predecessor Issuer" and collectively they are the "Predecessor Issuers." Pursuant to the
terms of the Agreement and Plan of Reorganization and Share Exchange (the "Agreement") by and among
Registrant and the said Predecessor Issuers, the Registrant agreed to assume and to be responsible
for issuing shares of its common stock, $1.00 par value, to holders of options to purchase common
stock of the respective Predecessor Issuers, adjusted to reflect the respective exchange ratios of
the two Predecessor Issuers in the Share Exchange. The Share Exchange was more fully described in
the Registrant's Registration Statement on Form S-4, as amended, which was originally filed with
the SEC on May 18, 2006 (Commission File No. 333-134247), to which reference is made with respect
to the requirement that the Registrant must file "Form 10 Information" pursuant to paragraph (a)(7)
of Instruction A.1 of Form S-8.
Pursuant to the Agreement, the Registrant agreed to issue up to 505,256 shares of its common stock
to holders of options to purchase the common stock of Bank of the South and 504,269 shares of its
common stock to holders of options to purchase the common stock of PrimeTrust Bank.
The exchange ratio for Bank of the South common stock was 2.1814 shares of the Registrant's common
stock for each whole share of Bank of the South common
stock and the exchange ratio for PrimeTrust Bank common stock was 2.0 shares of Registrant's common
stock for each whole share of PrimeTrust Bank common stock.
-1-
Table of Contents
As a consequence of the Share Exchange, and pursuant to the Agreement,
(i)
Each outstanding share of common stock of Bank of the South was
converted into the right to receive 2.1814 shares of the Registrant's common
stock for each whole share of Bank of the South common stock;
(ii)
Each outstanding share of common stock of PrimeTrust Bank was
converted into the right to receive 2.0 shares of the Registrant's common stock
for each whole share of PrimeTrust Bank common stock;
(iii)
Registrant agreed to pay cash for fractional shares; and
(iv)
Each outstanding option to purchase the common stock of either
Predecessor Issuer (a "Predecessor Equity Incentive Option") granted pursuant
to the PrimeTrust Bank 2001 Statutory-Nonstatutory Stock Option Plan, the
PrimeTrust Bank 2005 Statutory-Nonstatutory Stock Option Plan, and the Bank of
the South 2001 Stock Option Plan (together, the "Predecessor Equity Incentive
Plans"), whether vested or unvested, was deemed to constitute an option to
acquire, on the same terms and conditions as were applicable under such
Predecessor Equity Incentive Option, the same number of shares of the
Registrant's Common Stock as the holder of such Predecessor Equity Incentive
Option would have been entitled to receive pursuant to the Share Exchange had
such holder exercised such option in full immediately prior to the Effective
Time of the Share Exchange, at the same price per share as was in place
immediately prior to the Effective Time.
Neither of the Predecessor Issuers filed a registration statement with respect to the Predecessor
Equity Incentive Plans or the shares to be issued thereunder because the shares of Predecessor
Issuer common stock to be issued in connection therewith were exempt from registration under
Section 3(a)(2) of the Securities Act.
PART I
ITEM 1. PLAN INFORMATION
Documents containing the information required by Part I of the Registration Statement will be sent
or given to participants in the Plans as specified by Rule 428(b). Such documents are not filed
with the SEC either as part of this Registration Statement or as prospectuses or prospectus
supplements pursuant to Rule 424 in reliance on Rule 428.
-2-
Table of Contents
ITEM 2. REGISTRANT INFORMATION AND EMPLOYEE PLAN ANNUAL INFORMATION
The Registrant will, upon written or oral request, provide without charge to any persons to whom
the prospectuses relating to this Registration Statement are delivered, a copy of any and all of
the information which has been incorporated by reference in such prospectuses and this Registration
Statement (pursuant to Item 3 of Part II below). Such requests should be directed to the Secretary,
Mid-America Bancshares, Inc., 7651 Highway 70, South, Nashville, Tennessee 37221 (telephone: (615)
646-4556).
PART II
INFORMATION REQUIRED IN REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE
The Registrant has filed with the SEC and hereby incorporates by reference in this Registration
Statement the following documents:
(a) The Registrant's Current Report on Form 8-K filed on September 1, 2006, reflecting the
Registrant's status as the successor issuer under Rule 12g-3 (17 CFR 240.12g-3) to Bank of the
South, Mt. Juliet, Tennessee, and to PrimeTrust Bank, Nashville, Tennessee. Registrant became the
successor issuer pursuant to a share exchange consummated on September 1, 2006. Each predecessor
issuer had previously filed a Form 10-SB under Section 12(g) of the Securities Exchange Act of
1934, as amended ("Exchange Act") with the Federal Deposit Insurance Corporation and had filed
reports, proxy materials, and other documents with the FDIC under the Exchange Act. No reference is
made in this Registration Statement to any registration statement on Form 10 or Form 10-SB filed by
the Registrant under the Exchange because the Registrant was a successor issuer as noted above and was not
required to file any such registration statement.
(b) The parts of the prospectus portion of Registrant's Registration Statement on Form S-4, as
amended (Commission File No. 333-134247), and Exhibits 3(i), 3(ii), 4.3 and 10.1 thereto,
containing a description of the class of the Registrant's securities being registered under this
Registration Statement and also a description of the Predecessor Equity Incentive Plans.
-3-
Table of Contents
(c) All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14
and 15(d) of the Securities Exchange Act of 1934, prior to the filing of a post-effective amendment
which indicates that all securities offered hereby have been sold or which deregisters all
securities then remaining unsold, shall be deemed to be incorporated by reference in this
Registration Statement and to be part hereof from the date of filing of such documents.
ITEM 4. DESCRIPTION OF SECURITIES
Not applicable.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
Counsel to the Company, Daniel W. Small, Attorney at Law, owns an estimated 12,382 shares of the
Company's common stock as of the date hereof. He was not a
participant in the Plans.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
Under the Tennessee Business Corporation Act, a corporation may indemnify any director against
liability if the director:
•
Conducted himself or herself in good faith;
•
Reasonably believed, in the case of conduct in his or her official
capacity with the corporation, that his or her conduct was in the best
interests of the corporation;
•
Reasonably believed, in all other cases, that his or her conduct was
at least not opposed to the corporation's best interests; and
•
In the case of any criminal proceeding, had no reasonable cause to
believe his or her conduct was unlawful.
The Company's charter and bylaws provide for indemnification of its directors,
officers, employees and agents against liabilities and expenses incurred in legal proceedings
concerning the Company, to the fullest extent permitted under Tennessee corporate law.
Indemnification will only apply to persons who act in good faith, in a manner he or she reasonably
believed to be in the best interest of the company, without willful misconduct or recklessness.
-4-
Table of Contents
The Company's directors' and officers' liability insurance policy is expected to cover the typical
errors and omissions liability associated with the activities of the Company and its subsidiary
banks (the "Banks"), which are the Predecessor Issuers described above. The provisions of the
insurance policy might not indemnify the Company's or Banks' officers and directors against
liability arising under the Securities Act or with respect to liability imposed for violations of
applicable federal law, including the Federal Deposit Insurance Act.
The Company's charter eliminates a director's liability to the Company or its shareholders for
monetary damages to the maximum extent permitted by law. Section 48-18-301 of the Tennessee
Business Corporation Act provides that a director shall not be liable for any action, or failure to
take action if he or she discharges his or her duties:
•
In good faith;
•
With the care of an ordinarily prudent person in a like position under
similar circumstances; and
•
In a manner the director reasonably believes to be in the best
interests of the corporation.
In discharging her or his duties, a director may rely on the information, opinions, reports, or
statements, including financial statements, if prepared or presented by officers or employees of
the corporation whom the director reasonably believes to be reliable. The director may also rely on
such information prepared or presented by legal counsel, public accountants or other persons as to
matters that the director reasonably believes are within the person's competence.
Unless limited by its charter, a Tennessee corporation must indemnify, against reasonable expenses
incurred by him or her, a director who was wholly successful, on the merits or otherwise, in
defending any proceeding to which he or she was a party because he or she is or was a director of
the corporation. Expenses incurred
by a director in defending a proceeding may be paid by the corporation in advance of the final
disposition of the proceeding if three conditions are met:
•
The director must furnish the corporation a written affirmation of the
director's good faith belief that he or she has met the standard of
conduct as set forth above;
•
The director must furnish the corporation a written undertaking by or
on behalf of a director to repay such amount if it is ultimately
determined that he or she is not entitled to be indemnified by the
corporation against such expenses; and
-5-
Table of Contents
•
A determination must be made that the facts then known to those making
the determination would not preclude indemnification.
A director may apply for court-ordered indemnification under certain circumstances. Unless a
corporation's charter provides otherwise,
•
An officer of a corporation is entitled to mandatory indemnification
and is entitled to apply for court-ordered indemnification to the same
extent as a director,
•
The corporation may indemnify and advance expenses to an officer,
employee, or agent of the corporation to the same extent as to a
director, and
•
A corporation may also indemnify and advance expenses to an officer,
employee, or agent who is not a director to the extent, consistent
with public policy, that may be provided by its charter, bylaws,
general or specific action of its board of directors, or contract.
The Company's charter and bylaws provide for the indemnification of its directors and officers to
the fullest extent permitted by Tennessee law. Amendment of this provision requires a vote of
seventy-five percent (75%) of the outstanding Company shares unless a majority vote is expressly
permitted by vote of seventy-five percent (75%) of the members of the Company's entire board of
directors. However, provisions of federal and state banking law (including the Federal Deposit
Insurance Act) may limit indemnification in certain circumstances.
For a period of six years following the September 1, 2006, effective date of the Share Exchange,
the Company has agreed to indemnify and defend executive officers and directors of the Banks from
claims, accusations, proceedings, or actions arising out of their service as Bank directors and
executive officers to the same extent that each Bank was obligated to indemnify them prior to
completion of the Share Exchange. Presently, bank directors and executive officers are covered by
certain of the Company's insurance coverages.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to
directors, officers, or persons controlling the Company under the provisions described above, the
Company has been informed that, in the opinion of the SEC, such indemnification is against public
policy as expressed in the Securities Act and is therefore unenforceable.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED
Not applicable.
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ITEM 8. EXHIBITS
The listing of exhibits is incorporated by reference to the Exhibit Index appearing elsewhere in
this Registration Statement.
ITEM 9. UNDERTAKINGS
(1) The Registrant hereby undertakes:
(a) To file, during any period in which offers or sales are being made, a post-effective
amendment to this Registration Statement:
(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii) To reflect in the prospectus any facts or events arising after the effective date of the
Registration Statement (or the most recent post-effective amendment thereof) which, individually or
in the aggregate, represent a fundamental change in the information set forth in the Registration
Statement; and
(iii) To include any material information with respect to the plan of distribution not
previously disclosed in the Registration Statement or any material change to such information in
the Registration Statement;
provided, however, that paragraphs (1)(a)(i) and (1)(a)(ii) do not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in periodic
reports filed by the Registrant pursuant to Section 13(a) or Section 15(d) of the Exchange Act that
are incorporated by reference in the Registration Statement.
(b) That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
(c) To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
(2) The Registrant hereby undertakes that, for the purpose of determining any liability under
the Securities Act, each filing of the issuer's annual report pursuant to Section 13(a) or 15(d) of
the Exchange Act (and, where applicable, each
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filing of an employee benefit plan's annual report
pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the
Registration Statement shall be deemed to be a new registration statement relating to the
securities offered therein and the offering of such securities at the time shall be deemed to be
the initial bona fide offering hereof.
(3) Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the Registrant pursuant to the
above-mentioned provisions, or otherwise, the Registrant has been advised that in the opinion of
the SEC such indemnification is against public policy as expressed in the Securities Act and is,
therefore, unenforceable. In the event that a claim for indemnification against such liabilities
(other than the payment by the Registrant of expenses incurred or paid by a director, officer or
controlling person of the Registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter has been settled
by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant, Mid-America
Bancshares, Inc., a corporation organized and existing under the laws of the State of Tennessee,
certifies that it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Nashville, State of Tennessee, on
September 6, 2006.
REGISTRANT:
MID-AMERICA BANCSHARES, INC.
By:
/s/ Gary L. Scott
Gary L. Scott, Chairman
and Chief Executive Officer
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POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints each of Gary L. Scott,
David Major, James S. Short, Jason K. West, Susan Wilson, and Katy Wilson as her or his
attorney-in-fact, with the power of substitution, for her or him in any and all capacities, to sign
this Registration Statement, and any post-effective amendment to this Registration Statement, and
to file the same, with exhibits thereto and other documents in connection therewith, with the
Securities and Exchange Commission, granting to said attorney-in-fact, full power and authority to
do and perform each and every act and thing requisite and necessary to be done in connection
therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying
and confirming anything the said attorney-in-fact or his substitute or substitutes, may lawfully do
or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has
been signed by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ Harold Gordon Bone
Harold Gordon Bone
Director
September 5, 2006
/s/ Robert L. Callis
Robert L. Callis
Director
September 5, 2006
/s/ James A. Campbell
James A. Campbell
Director
September 5, 2006
/s/ Bruce G. Davis
Bruce G. Davis
Director
September 5, 2006
/s/ E. C. Hardison, III
E. C. Hardison, III
Director
September 5, 2006
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Signature
Title
Date
/s/ David Major
David Major
President and Director
September 5, 2006
/s/ Monty E. Mires
Monty E. Mires
Director
September 5, 2006
/s/ Margaret N. Perry
Margaret N. Perry
Director
September 6, 2006
/s/ Gary L. Scott
Gary L. Scott
Chairman and Chief
Executive Officer,
and Director
September 6, 2006
/s/ James S. Short
James S. Short
Executive Vice President,
Chief Risk Officer,
and Director
September 5, 2006
/s/ Stephen A. Steele
Stephen A. Steele
Director
September 5, 2006
/s/ David V. Waldron
David V. Waldron
Director
September 5, 2006
/s/ Jason K. West
Jason K. West
Executive Vice President,
Chief Financial and
Accounting Officer,
and Director
September 5, 2006
/s/ Edward A. Whitley
Edward A. Whitley
Director
September 5, 2006
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EXHIBIT INDEX
Exhibit
Number
Description of Exhibit
Location
4.1
Charter.
(1)
4.2
Amended and Restated Bylaws.
(2)
4.3
Specimen Stock Certificate for Common Stock of
Mid-America Bancshares, Inc.
(3)
5.1
Opinion Daniel W. Small, Esq., Attorney at
Law, regarding the legality of the Common
Stock.
Contained herein
10.1
Mid-America Bancshares, Inc. 2006 Omnibus
Equity Incentive Plan.
(4)
23.1
Independent Auditors' Consent of Maggart &
Associates, P.C. (With respect to PrimeTrust
Bank).
Contained herein
23.2
Independent Auditors' Consent of Maggart &
Associates, P.C. (With respect to Bank of the
South).
Contained herein
23.3
Consent of Counsel is contained in Exhibit 5.1.
Contained herein
24
Power of Attorney related to signatures and
post-effective amendments.
Signature Page
(1)
Incorporated by reference to Exhibit 3(i) of the Company's Registration
Statement on Form S-4, as amended (Commission File No. 333-134247).
(2)
Incorporated by reference to Exhibit 3(ii) of the
Company's Current Report on Form 8-K, as filed with the SEC on
September 1, 2006.
(3)
Incorporated by reference to Exhibit 4.3 of the Company's Registration
Statement on Form S-4, as amended (Commission File No. 333-134247).
(4)
Incorporated by reference to Exhibit 10.1 of the Company's Registration
Statement on Form S-4, as amended (Commission File No. 333-134247).
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