The First Bancshares, a holding company for The First Bank, completed the acquisition of Beach Bancorp, a bank holding company, for $117m. "We are incredibly excited to be joining forces with The First. We share similar cultures that focus on our team members, clients and communities, within a growth and performance mindset. The combination greatly accelerates Beach Bank’s strategic priorities of NW FL Community Bank leadership and Tampa/Central Florida expansion. Our team is fully committed to this merger and we cannot wait to get started," Charles N. Reeves, Beach Bank CEO.