First Bancshares Inc. (FBSI)

Overview

First Bancshares, Inc. is a prominent bank holding entity for Stockmens Bank, known for its dedicated banking and mortgage services catering to both individual and corporate clients. It operates within a strategic network across southern Missouri, eastern Colorado, and southwestern Nebraska, solidifying its presence in these regions. Established in the year 1911, the company has set its headquarters in Mountain Grove, Missouri, symbolizing its rich history and significant growth over the years. With its main office strategically located in Colorado Springs, Colorado, the banking institution operates through nine full-service branch facilities situated in Missouri and Nebraska, reflecting its widespread reach and commitment to providing accessible banking solutions to its clients.

Products and Services

Deposit Products: First Bancshares, Inc. offers a diverse range of deposit products tailored to meet the varying needs of its customers. These products are designed to provide secure and convenient solutions for managing finances, ensuring customers have access to flexible banking options.

Real Estate Loans: A comprehensive array of real estate loans is available, catering to various segments of the market. These include:

• One-to-Four Family Residential Mortgage Loans: Tailored for individuals looking to purchase or refinance their homes, providing flexible terms and competitive rates.
• Multi-Family Residential Loans: Designed for investors and developers focusing on residential properties with multiple housing units, offering customized financing solutions.
• Commercial Real Estate Loans: For businesses aiming to acquire, develop, or refinance commercial properties, these loans are structured to support commercial real estate ventures.
• Agricultural Real Estate Loans: Targeted at supporting the agricultural community, these loans facilitate the purchase, improvement, or refinancing of farmland and agricultural facilities.
• Home Equity Loans: Allowing homeowners to leverage the equity in their homes for financing various needs, from home improvements to debt consolidation.

Non-Real Estate Loans: Beyond real estate, the bank offers loans for other purposes, including:

• Commercial Business Loans: These loans are designed to help businesses finance their operational needs, expansion, equipment purchases, or other business-related expenditures.
• Agricultural Business Loans: Specifically catered to the agricultural sector, offering financing solutions for operational costs, equipment, and other agricultural needs.
• Consumer Loans: Tailored for individual clients, these loans can be used for personal expenses, such as education, vacations, or major purchases, offering flexibility and competitive rates.

Investments: First Bancshares, Inc. invests in a variety of securities and assets, including mortgage-backed securities, United States Government and agency securities, and other assets, demonstrating a diversified investment strategy aimed at stability and growth.