The First Bancshares, Inc. Announces Completion of $65 Million Subordinated Notes Offering

September 25, 2020

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, announced today the completion of a private placement of $65 million of its 4.25% fixed to floating rate subordinated notes due 2030 (the “Notes”) to certain qualified institutional buyers. The Notes are unsecured and have a ten-year term, maturing October 1, 2030, and will bear interest at a fixed annual rate of

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