<ARTICLE> 9
<LEGEND>
Financial Data Schedule submitted Under Item 601(a) (27) of Regulation S-B.

This schedule contains summary financial information extracted from First
Bancshares, Inc. unaudited financial statements for the period ended March 31,
1996 and is qualified in its entirety by reference to such financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                      $2,673,315
<INT-BEARING-DEPOSITS>                              $0
<FED-FUNDS-SOLD>                                    $0
<TRADING-ASSETS>                                    $0
<INVESTMENTS-HELD-FOR-SALE>                 $2,945,538
<INVESTMENTS-CARRYING>                              $0
<INVESTMENTS-MARKET>                                $0
<LOANS>                                             $0
<ALLOWANCE>                                         $0
<TOTAL-ASSETS>                              $5,939,156
<DEPOSITS>                                          $0
<SHORT-TERM>                                        $0
<LIABILITIES-OTHER>                            $16,000
<LONG-TERM>                                         $0
<PREFERRED-MANDATORY>                               $0
<PREFERRED>                                         $0
<COMMON>                                      $611,018
<OTHER-SE>                                  $5,312,138
<TOTAL-LIABILITIES-AND-EQUITY>              $5,939,156
<INTEREST-LOAN>                                     $0
<INTEREST-INVEST>                              $97,682
<INTEREST-OTHER>                                    $0
<INTEREST-TOTAL>                               $97,682
<INTEREST-DEPOSIT>                                  $0
<INTEREST-EXPENSE>                                  $0
<INTEREST-INCOME-NET>                          $97,682
<LOAN-LOSSES>                                       $0
<SECURITIES-GAINS>                                  $0
<EXPENSE-OTHER>                                $84,796
<INCOME-PRETAX>                                $12,886
<INCOME-PRE-EXTRAORDINARY>                     $12,886
<EXTRAORDINARY>                                     $0
<CHANGES>                                           $0
<NET-INCOME>                                   $12,886
<EPS-PRIMARY>                                     $.02
<EPS-DILUTED>                                     $.02
<YIELD-ACTUAL>                                      $0
<LOANS-NON>                                         $0
<LOANS-PAST>                                        $0
<LOANS-TROUBLED>                                    $0
<LOANS-PROBLEM>                                     $0
<ALLOWANCE-OPEN>                                    $0
<CHARGE-OFFS>                                       $0
<RECOVERIES>                                        $0
<ALLOWANCE-CLOSE>                                   $0
<ALLOWANCE-DOMESTIC>                                $0
<ALLOWANCE-FOREIGN>                                 $0
<ALLOWANCE-UNALLOCATED>                             $0