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The First Bancshares, Inc. Announces Proposed Acquisition Of Beach Bancorp, Inc.

The First Bancshares, Inc. Announces Proposed Acquisition Of Beach Bancorp, Inc.

04/26/22, 9:27 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svghattiesburg
Industry
financial services
The First Bancshares, Inc. (NASDAQ: FBMS) (“First Bancshares” or “the Company”), holding company for The First Bank (“The First”), announced today that it has entered into a definitive agreement to acquire Beach Bancorp, Inc. (“BBI”), parent company of Beach Bank based in Fort Walton Beach, Florida. The proposed transactions will deepen The First’s presence in the Florida panhandle, while also providing an entry into the Tampa, Florida market. Upon the completion of the acquisition, Beach Bank will merge with and into The First Bank.

Company Info

Company
The First Bancshares
Location
Hattiesburg, Mississippi, United States
Company info
The First Bancshares, Inc., headquartered in Hattiesburg, Mississippi, is the parent company of The First Bank. Founded in 1996, The First Bank has operations in Mississippi, Louisiana, Alabama, Florida and Georgia. The Company’s stock is traded on the NASDAQ Global Market under the symbol FBMS. Additional information is available on the Company’s website: www.thefirstbank.com.