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Stock impact report

The First Bancshares, Inc. Completes Acquisition of Southwest Georgia Financial Corporation

First Bancshares, Inc. (FBMS) 
Last first bancshares, inc. earnings: 4/29 08:45 pm Check Earnings Report
US:NASDAQ Investor Relations: thefirstbank.com/investor-relations.htm
Company Research Source: Business Wire
HATTIESBURG, Miss.--(BUSINESS WIRE)--The First Bancshares, Inc. (NASDAQ: FBMS) (“First Bancshares” or the “Company”), the holding company for The First, A National Banking Association (“The First”), announced today that it has completed its acquisition of Southwest Georgia Financial Corporation (“SGB”). Following completion of the acquisition, SGB’s subsidiary bank, Southwest Georgia Bank, was merged with The First, with The First as the surviving bank. This transaction has furthered the Company’s regional expansion plan and adds additional market share within the state of Georgia.Pursuant to the terms of the merger agreement with SGB, each SGB shareholder will receive one (1.00) share of First Bancshares’ common stock in exchange for each share of SGB common stock held prior to the merger.M. Ray “Hoppy” Cole, Vice Chairman, President & Chief Executive Officer, commented, “We are pleased to join forces with Southwest Georgia Bank. This combination brings together two strong commun Show less Read more
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