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Published on 3/20/2009 in the Prospect News Special Situations Daily.

First Security Group investor buys 135,000 shares, ups stake to 7.72%

By Lisa Kerner

Charlotte, N.C., March 20 - First Security Group, Inc. shareholders led by Sandler O'Neill Asset Management, LLC bought 135,00 shares between Jan. 22 and March 16 at prices from $3.130 to $4.5828 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Friday.

The investors beneficially own 1,267,100 shares, or 7.72%, of the Chattanooga, Tenn., bank holding company.


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