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The usefulness of in-store branches is a hotly debated topic in the banking industry. But some institutions are successfully landing customers and increasingly valuable deposits through such locations.
March 20 -
First Bancshares (FBMS) in Hattiesburg, Miss., has agreed to buy BCB Holding in Mobile, Ala.
March 7 -
First Bancshares (FBMS) in Hattiesburg, Miss., has redeemed preferred stock BCB Holding in Mobile, Ala., issued to the Treasury Department under the Troubled Asset Relief Program.
July 14
First Bancshares in Hattiesburg, Miss., has filed documents to raise up to $20 million.
The $1.1 billion-asset company filed a shelf registration with the Securities and Exchange Commission late last week that will allow it to sell securities and issue debt. The filing did not provide a timeline for raising capital.
First Bancshares said in the filing that it plans to use any net proceeds to finance potential acquisitions, diversify its offerings, and repay or reduce existing debt. The company bought Alabama's
