Troutman Sanders Advises Southwest Georgia Financial Corporation in Merger with The First Bancshares, Inc.
ATLANTA – Troutman Sanders advised Southwest Georgia Financial Corporation (NYSEAMERICAN: SGB) (SGB), parent company of Southwest Georgia Bank, in connection with the signing of a definitive agreement for SGB to merge with and into The First Bancshares, Inc. (NASDAQ: FBMS). Detailed information on the transaction can be found here.
SGB serves Moultrie, Valdosta, Albany and Tifton, Georgia through eight full-service offices, according to a company press release. The First Bancshares, Inc., headquartered in Hattiesburg, Mississippi, is the parent company of The First, A National Banking Association. Founded in 1996, The First has operations in Mississippi, Louisiana, Alabama, Florida and Georgia.
Atlanta partners James Stevens and Brad Resweber and associates Brenna Sheffield and Gabby Gaudet are advising SGB in the transaction, which is expected to close in the second quarter of 2020. Troutman Sanders’ Financial Institutions practice provides the full range of corporate and transactional services for clients, representing them in mergers and acquisitions, charter selection and licensing issues, and the formation of new entities, including bank and non-bank affiliates and subsidiaries.
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