First Bancshares Inc. in Mountain Grove, Mo., and its First Home Savings Bank have signed regulatory orders with the Office of Thrift Supervision requiring plans to improve earnings and preserve capital.

The cease-and-desist order directs the $243.3 million-asset First Bancshares to reduce adversely classified assets and loan concentrations, improve its asset-classification policy, discontinue stock repurchase programs and restrict dividend payments.

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