Interview with: David E. Johnson, Chairman and CEO - featuring:The First, A National Banking Association, which operates 8 offices with locations in Hattiesburg, Laurel, Purvis, Picayune, Pascagoula and Bay St. Louis, Mississippi. |
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| The First Bancshares, Inc. (FBMS-NASDAQ) |
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This is a printer friendly page! No one has done what The First Bancshares have been able to do in ten
years—grow a $330 million dollar bank from scratch in Mississippi, historically a
slower growth area than most of the country
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“We have outperformed our personal goals and our corporate goals. We see this as still a new venture with new opportunities. We look back to 1969 when one of our competitors Hancock Bank (Hancock Holding Company – NASDAQ: HBHC) on the coast, during the Camille hurricane challenge was an $80 million dollar bank. Almost forty years later they are a $5 to $6 billion bank, and we have all grown since the hurricane. Therefore, we see ourselves on the brink of a new day in south Mississippi. We are not looking to expand outside the state right now; we see a tremendous amount of activity in the next 4 or 5 years of rebuilding and rediscovery of our state and our area of the state. We are excited to be in this position. Our numbers both recently and from our beginning show tremendous trends. We have struck a good balance between both growth and earnings growth, and we will continue to strive for that balance. We know growth is important but also the return for investors is important as well. Just looking at our history, I think we can be equally as excited about our future.” - David E. Johnson |
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