OakStar Bancshares, an American bank, is set to merge with First Bancshares, the holding company for The First, a National Banking Association. This transaction is subject to various closing conditions including receipt of regulatory approvals. Financial terms were not disclosed. “OakStar Bank was clearly our first choice as the best fit and best match for our customers and community when we were reviewing opportunities for today and in the future. Their commitment to our associates and our customers played a significant role in the selection process of OakStar. Both OakStar and Community First enjoy strong commitments to culture and are excited to work together to exceed the expectations of our customers,” Dave Spehar, Community First Bank President.