Item 8.01 Other Events.

On January 6, 2009, The First Bancshares, Inc. received preliminary approval from the United States Department of the Treasury ("Treasury") to participate in the Treasury's Capital Purchase Program. The Company has the ability to issue and sell to the Treasury preferred stock and warrants to purchase shares of common stock of the Company in accordance with the terms of the Capital Purchase Program for an aggregate purchase price of up to $5.0 million. The Treasury's term sheet describing the Capital Purchase Program is available on the Treasury's website at http://www.ustreas.gov. The Company is currently evaluating whether to participate in this Capital Purchase Program.

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