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First Bancshares, Inc. Announces Annual Meeting Results

MOUNTAIN GROVE, Mo., Oct. 22, 2012 (GLOBE NEWSWIRE) -- First Bancshares, Inc. (OTCQB:FBSI) (the "Company"), the parent company of First Home Savings Bank, Mountain Grove, Missouri ("Bank"), held its Annual Meeting of Stockholders on Friday, October 19, 2012 in Mountain Grove, Missouri ("Annual Meeting").

There were a total of 1,550,815 shares of the Company's common stock outstanding and eligible to vote at the Annual Meeting. At the Annual Meeting, 888,315 shares of common stock were represented in person or by proxy, therefore a quorum was present.

The results of the vote for the item presented at the Annual Meeting were as follows:

1. Election of Directors:

Stockholders elected the nominees to the Board of Directors for a three-year term ending 2015 by the following vote:

For Withheld Broker Non-Votes
Number of Votes Percentage Number of Votes Percentage Number of Votes
Harold F. Glass 810,634 91.2% 78,681 8.8% 489,419
R. J. Breidenthal, Jr. 853,319 96.0% 35,996 4.0% 489,419

The following directors, who were not up for re-election at the Annual Meeting will continue to serve as directors: D. Mitch Ashlock, Billy E. Hixon, John B. Moody, Thomas M. Southerland and R. Bradley Weaver.

At September 30, 2012, First Bancshares, Inc. had consolidated total assets of $187.5 million and stockholders' equity of $16.3 million.

First Bancshares, Inc. is the holding company for First Home Savings Bank, a FDIC-insured savings bank chartered by the State of Missouri that conducts business from its home office in Mountain Grove, Missouri, and eight full service offices in Marshfield, Ava, Gainesville, Sparta, Springfield, Crane, Kissee Mills and Rockaway Beach, Missouri.

The Company and its wholly-owned subsidiary, First Home Savings Bank, may from time to time make written or oral "forward-looking statements" in its reports to stockholders, and in other communications by the Company, which are made in good faith by the Company pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.

These forward-looking statements include statements with respect to the Company's beliefs, expectations, estimates and intentions that are subject to significant risks and uncertainties, and are subject to change based on various factors, some of which are beyond the Company's control. Such statements address the following subjects: future operating results; customer growth and retention; loan and other product demand; earnings growth and expectations; new products and services; credit quality and adequacy of reserves; results of examinations by our bank regulators, our compliance with the Company's Order to Cease and Desist and the Bank's Agreement with the Director of the Division of Finance of the State of Missouri, technology, and our employees. The following factors, among others, could cause the Company's financial performance to differ materially from the expectations, estimates and intentions expressed in such forward-looking statements: the strength of the United States economy in general and the strength of the local economies in which the Company conducts operations; the effects of, and changes in, trade, monetary, and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; inflation, interest rate, market, and monetary fluctuations; the timely development and acceptance of new products and services of the Company and the perceived overall value of these products and services by users; the impact of changes in financial services' laws and regulations; technological changes; acquisitions; changes in consumer spending and savings habits; and the success of the Company at managing and collecting assets of borrowers in default and managing the risks of the foregoing.

The foregoing list of factors is not exclusive. The Company does not undertake, and expressly disclaims any intent or obligation, to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.

CONTACT: R. Bradley Weaver at (417) 926-5151Source:First Bancshares, Inc.