FBMS - The First Bancshares, Inc.

The First Bancshares, Inc.

6480 U.S. Highway 98 West
Suite A
Hattiesburg, MS 39402
United States
601 268 8998
https://www.thefirstbank.com

Sector(s): Financial Services
Industry: Banks—Regional
Full-time employees: 870

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Milton Ray Cole Jr.	Chairman, Pres & CEO	986.22k	N/A	1962
Ms. Donna T. Lowery CPA, CPA	Exec. VP & CFO	445.61k	N/A	1967
Mr. Chris Ryals	Exec. VP & COO	N/A	N/A	N/A
Dawn Ard	Compliance Officer & Compliance Officer of The First, A National Banking Association	N/A	N/A	N/A
Ms. Marsie White	VP of Human Resource	N/A	N/A	N/A
Mr. George Lee Noonan	Exec. VP & Chief Credit Officer	N/A	N/A	N/A
Ms. Chandra B. Kidd	VP & Corp. Sec.	N/A	N/A	N/A
Ray L. Wesson Jr.	Pres of Southern Region - The First, A National Banking Association	N/A	N/A	N/A
Mr. Douglas Eric Waldron	Pres of Northern Region - The First, A National Banking Association	N/A	N/A	N/A
Ms. Carol M. Daniel	Credit Administrator of The First, A National Banking Association	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

The First Bancshares, Inc. operates as the bank holding company for The First Bank that provides general commercial and retail banking services. The company operates through three segments: Commercial/Retail Bank, Mortgage Banking Division, and Holding Company. It offers deposit services, including checking, NOW, and savings accounts; other time deposits, such as daily money market accounts and longer-term certificates of deposit; and individual retirement and health savings accounts. The company also provides commercial loans comprising secured and unsecured loans for working capital, business expansion, and purchase of equipment and machinery; consumer loans consisting of equity lines of credit, as well as secured and unsecured loans for financing automobiles, home improvements, education, and personal investments; and real estate construction and acquisition loans. In addition, it originates loans to purchase existing residential homes or construct new homes, and to refinance existing mortgages; and provides financial and wealth management services. Further, the company offers internet banking services, automated teller machines, voice response telephone inquiry services, commercial sweep accounts, cash management services, safe deposit boxes, merchant, mobile deposit, direct deposit of payroll and social security checks, automatic drafts for various accounts, and credit card services. It primarily serves small to medium-sized businesses, professional concerns, individuals, associations, organizations, and governmental authorities. The company operates in Mississippi, Alabama, Florida, Georgia, and Louisiana. The First Bancshares, Inc. was incorporated in 1995 and is headquartered in Hattiesburg, Mississippi.

Corporate governance

The First Bancshares, Inc.’s ISS governance QualityScore as of 30 May 2023 is 6. The pillar scores are Audit: 9; Board: 8; Shareholder rights: 5; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.