May 18, 2005, 2005

Mail Stop 0408

By U.S. Mail and facsimile to (417) 926-4362.

Susan J. Uchtman, CPA
Chief Financial Officer
First Bancshares, Inc.
142 E. First Street
Mountain Grove, MO 65711

Re: First Bancshares, Inc.
Form 10-K for the Year Ended June 30, 2004
Forms 10-Q for the fiscal year 2005
File Number 000-22842

Dear Ms. Uchtman,

      We have reviewed your response letter filed May 11, 2005 and
have the following comments.  We have limited our review to only
your
financial statements and related disclosures and will make no
further
review of your documents.  Where indicated, we think you should
revise your document in future filings in response to these
comments.
If you disagree, we will consider your explanation as to why our
comment is inapplicable or a revision is unnecessary.  Please be
as
detailed as necessary in your explanation.  In some of our
comments,
we may ask you to provide us with supplemental information so we
may
better understand your disclosure.  After reviewing this
information,
we may or may not raise additional comments.

	Please understand that the purpose of our review process is
to
assist you in your compliance with the applicable disclosure
requirements and to enhance the overall disclosure in your filing.
We look forward to working with you in these respects.  We welcome
any questions you may have about our comments or any other aspect
of
our review.  Feel free to call us at the telephone numbers listed
at
the end of this letter.

Form 10-K

Consolidated Financial Statements

(5) Loans Receivable Held-For-Investment - page 34

1. We note your response to our previous comment 3.  Please
supplementally provide the following information, and revise to
disclose here and in MD&A where appropriate:
* Tell us how you determined the amount of possible liability
under
the letters of credit to be zero at June 30, 2004, September 30,
2004
and December 31, 2004 under FIN 45.  If the liability under the
letter of credit could not be estimated, please tell us how you
reached that conclusion.
* Tell us why the third quarter of 2005 was the correct period to
record a liability under the letter of credit and additional
reserves
related to the non-accrual loan.
* Supplementally tell us how you accounted for the draw on the
letter
of credit in the amount of $439,707 disclosed in your 8-K filed
April
6, 2005, and tell us where the amounts are reflected in the March
31,
2005 10-Q.  In addition, please tell us if you have recorded a
liability for the remainder of the draw request.

Form 10-Q for the period ended September 30, 2004

2. Please refer to our previous comment 5.  Supplementally tell
us,
and revise to disclose how you determined that the sale of the
title
insurance business qualified as a sale of property and not a sale
of
a business under SFAS 144.   In addition, supplementally tell us
if
South Central Missouri Title Company, Inc. engaged in any other
business besides title insurance or real estate closing services.


*	*	*

      Please respond to these comments within 10 business days or
tell us when you will provide us with a response.  Please furnish
a
letter that keys your responses to our comments, indicates your
intent to include the requested disclosure in future filings, and
provides any requested supplemental information.  Please file your
response letter on EDGAR.  Detailed letters greatly facilitate our
review.  Please understand that we may have additional comments
after
reviewing your responses to our comments.

	We urge all persons who are responsible for the accuracy and
adequacy of the disclosure in the filing reviewed by the staff to
be
certain that they have provided all information investors require
for
an informed decision.  Since the company and its management are in
possession of all facts relating to a company`s disclosure, they
are
responsible for the accuracy and adequacy of the disclosures they
have made.

	In connection with responding to our comments, please
provide,
in writing, a statement from the company acknowledging that:

* the company is responsible for the adequacy and accuracy of the
disclosure in the filing;

* staff comments or changes to disclosure in response to staff
comments do not foreclose the Commission from taking any action
with
respect to the filing; and

* the company may not assert staff comments as a defense in any
proceeding initiated by the Commission or any person under the
federal securities laws of the United States.

In addition, please be advised that the Division of Enforcement
has
access to all information you provide to the staff of the Division
of
Corporation Finance in our review of your filing or in response to
our comments on your filing.

You may contact Rebekah Moore, Staff Accountant, at (202) 551-3463
or
me at (202) 551-3851 if you have questions.

                                   Sincerely,



                                   Paul Cline
                                   Senior Accountant

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Ms. Susan J. Uchtman
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