secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BANCSHARES INC /MS/ (—)
CIK:        0000947559
Form:       8-K
Filed at:   2023-01-03T23:59:59+00:00
Accession:  0001157523-23-000005
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Bancshares completes Heritage Southeast acquisition; issues ~6.92M shares, $7.9B assets
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- Acquisition effective Jan 1, 2023; HSBI shareholders receive 0.965 FBMS shares per HSBI share.
- FBMS issued up to ~6.92 million shares of common stock to complete the merger.
- Combined entity: $7.9B total assets, $6.9B deposits, $5.0B loans.
- The First Bank now operates 114 locations across MS, LA, AL, FL, and GA.
- Heritage Southeast Bank merged into The First Bank as surviving bank; both management teams combined.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/947559/000115752323000005/0001157523-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/947559/000115752323000005/a53155887.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000005

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