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The First buys Alabama bank for undisclosed sum

HATTIESBURG — The First Bancshares Inc. has acquired First National Bank of Baldwin County, Ala.

Terms of the acquisition, announced yesterday, were not made public.

Officials say the acquisition expands The First into Alabama with five new branches. The First will now have 24 locations in Mississippi, Louisiana and South Alabama.

The First will now have approximately $970 Million in assets and about $845 Million in deposits.

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