Summary of FIRST BANCSHARES INC /MO/

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

(c) On November 10, 2008, First Bancshares, Inc. ("Company") and First Home Savings Bank ("Bank") issued a press release announcing the appointment of Thomas M. Sutherland, Chairman of the Company's and Bank's Boards of Directors, as the Chief Executive Officer of the Company and the Bank. Mr. Sutherland has served as Chairman of the Board of the Company's and Bank's Boards of Directors since 2005 and served as Interim Chief Executive Officer from October 28, 2008. Mr. Sutherland is 56 years old and is the first cousin of R.J. Breidenthal who serves as a Director of the Company and the Bank.

The Company also announced that it had appointed Lannie E. Crawford to serve as President of the Company and the Bank. Mr. Crawford has served as the Company's and the Bank's interim President since October 28, 2008 and prior to his appointment as interim President served as the Bank's Senior Vice President. Mr. Crawford joined the Bank in November 2007 and has more than 30 years of experience with financial institutions. Mr. Crawford is 58 years old.

There are no arrangements or understandings with either Mr. Sutherland or Mr. Crawford and any other persons pursuant to which they were selected as officers. In addition, Messrs. Sutherland and Crawford are not a party to any transaction with the Company that would require disclosure under Item 404(a) of Securities and Exchange Commission's Regulation S-K.