Item 8.01 Other Events
Effective as of January 15, 2022, The First Bancshares, Inc.'s subsidiary, The
First, A National Banking Association, converted from a national banking
association to a Mississippi state-chartered bank and changed its name to The
First Bank. The First Bank is a member bank of the Federal Reserve System
through the Federal Reserve Bank of Atlanta. The charter conversion and name
change are expected to have only a minimal impact on the bank's clients, and
deposits will continue to be insured by the Federal Deposit Insurance
Corporation up to applicable limits.
Forward Looking Statements
This communication and certain of our other filings of the Company with the
Securities and Exchange Commission contain statements that constitute "forward
looking statements" within the meaning of, and subject to the protections of,
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other than
statements of historical fact are forward-looking statements. Such statements
can generally be identified by such words as "believes," "anticipates,"
"expects," "may," "will," "assumes," "should," "predicts," "could," "would,"
"intends," "targets," "estimates," "projects," "plans," "potential,"
"positioned" and other similar words and expressions of the future or otherwise
regarding the outlook for the Company's future business and financial
performance and/or the performance of the banking industry and economy in
general. Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve known and
unknown risk and uncertainties which may cause the actual results, performance
or achievements of the Company to be materially different from the future
results, performance or achievements expressed or implied by such
forward-looking statements. Forward-looking statements are based on the
information known to, and current beliefs and expectations of, the Company's
management and are subject to significant risks and uncertainties. Actual
results may differ materially from those contemplated by such forward-looking
statements. Illustrative factors that could cause results to differ materially
from those described in the forward-looking statements, as well as a discussion
of the risks and uncertainties that may affect our business, can be found in our
Annual Report on Form 10-K and in other filings we make with the Securities and
Exchange Commission, which are available on the SEC's
website, http://www.sec.gov. Undue reliance should not be placed on
forward-looking statements. The Company disclaims any obligation to update such
factors or to publicly announce the results of any revisions to any of the
forward-looking statements included herein to reflect future events or
developments.
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