INSIDE — $100 million venture in Ellisville commits to creating 150 jobs by 2020 — Page 2 MBJ FOCUS
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HEALTH CARE Breast Cancer Edition
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» Fighting cancer through art » Faith in God, trust in doctors helped Curtis beat cancer » Breast cancer surgery options increasing
October 21, 2016 • Vol. 38, No. 43 • $1 • 20 pages
The long, winding road to beerdom » Page 3
The List {P 15} » Women’s Cancer Care Centers
JACK WEATHERLY / MBJ
Lucas Simmons, brewmaster and co-owner of Lucky Town Brewing Co., is working with Steve Grantham Jr. (inset) in developing an independent private label beer.
Enviro-Linen: This business is cleaning up {P 18}
BANKING AND FINANCE
First Bancshares plants flag in Florida, Louisiana with new acquisitions » Parent company of The First fulfills market expansion strategy set in 2009 By TED CARTER mbj@msbusiness.com
» Papa Murphy’s wants to expand in Mississippi markets
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Hattiesburg’s First Banshares first envisioned a market that stretched from Baton Rouge to Pensacola seven years ago. The $1.2billion holding company parent of The First reached that goal last week with agreements to acquire Iberville Bank in a cash deal and
Gulf Coast Community Bank in an all-stock transaction. The acquisitions carry a value of $33.3 million, with the takeover of Plaquemine, Louisiana-based Iberville Bank put at $31 million and the takeover of Pensacola’s Gulf Coast Community Bank at Cole $2.3 million. First Bancshares expects to close on the acquisitions early in next year’s first quarter and merge operations
by mid 2017. The acquisitions will give the holding company assets of $1.6 billion and expand the brand of The First, officially called The First, a National Bank Association, to 48 locations. “It is a continued execution of a plan we laid out in 2009,” when publicly held First Bancshares had assets of $478 million and 10 locations in the Pine Belt, said M. Ray “Hoppy” Cole, president and chief executive officer. See
http://msbusiness.com/events/ceo-awards-of-mississippi/
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