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First Bancshares to acquire Florida bank in $85 million deal

MBJ staff The First Bancshares Inc., the Hattiesburg-based holding company for The First, announced this week an agreement to acquire First Florida Bancorp, Inc., parent company of First Florida Bank, in a cash and shares swap deal worth $85 million. First Florida had approximately $451 million in consolidated assets, $255 million in loans, $387million in deposits and $48 million in ...

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