Southwest Georgia Financial Corporation, a full-service community bank holding company, announced the voting results of its Special Meeting of Shareholders that was held.

As of the record date of February 12, 2020, SGB had 2,548,510 shares outstanding that were entitled to vote, of which 2,216,672, or 87.0%, were represented at the meeting.

Of the shares voted at the meeting, 84.5% approved the previously announced Agreement and Plan of Merger, dated as of December 18, 2019, by and between SGB and The First Bancshares, Inc. (Nasdaq: FBMS) (“First Bancshares”), pursuant to which SGB will merge with and into First Bancshares, with First Bancshares as the surviving company.

Of the shares voted at the meeting, 78.0% voted to approve the advisory compensation proposal, supporting the compensation that SGB’s named executive officers may receive from SGB in connection with the merger.