<ARTICLE> 9
<LEGEND>
Financial Data Schedule Submitted Under Item 601(a) (27) of Regulation S-B
This schedule contains summary financial information extracted from The First
Bancshares, Inc. unaudited financial statements for the period ended June 30,
1996 and is qualified in its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1
<CURRENCY> DOLLARS
<PERIOD-TYPE> 12-MOS 6-MOS
<FISCAL-YEAR-END> DEC-31-1995 DEC-31-1996
<PERIOD-END> DEC-31-1995 JUN-30-1996
<EXCHANGE-RATE> 1 1
<CASH> $561 $0
<INT-BEARING-DEPOSITS> $0 $0
<FED-FUNDS-SOLD> $0 $4,481,473
<TRADING-ASSETS> $0 $0
<INVESTMENTS-HELD-FOR-SALE> $0 $973,302
<INVESTMENTS-CARRYING> $0 $0
<INVESTMENTS-MARKET> $0 $0
<LOANS> $0 $0
<ALLOWANCE> $0 $0
<TOTAL-ASSETS> $252,268 $6,118,183
<DEPOSITS> $0 $0
<SHORT-TERM> $0 $0
<LIABILITIES-OTHER> $452,078 $7,368
<LONG-TERM> $0 $0
<PREFERRED-MANDATORY> $0 $0
<PREFERRED> $0 $0
<COMMON> $10 $634,061
<OTHER-SE> $90 $5,706,549
<TOTAL-LIABILITIES-AND-EQUITY>$252,268 $6,118,183
<INTEREST-LOAN> $0 $0
<INTEREST-INVEST> $0 $161,931
<INTEREST-OTHER> $0 $0
<INTEREST-TOTAL> $0 $161,931
<INTEREST-DEPOSIT> $0 $0
<INTEREST-EXPENSE> $0 $0
<INTEREST-INCOME-NET> $0 $161,931
<LOAN-LOSSES> $0 $0
<SECURITIES-GAINS> $0 $0
<EXPENSE-OTHER> ($199,910) ($191,816)
<INCOME-PRETAX> ($199,910) ($29,885)
<INCOME-PRE-EXTRAORDINARY> ($199,910) ($29,885)
<EXTRAORDINARY> $0 $0
<CHANGES> $0 $0
<NET-INCOME> ($199,910) ($29,885)
<EPS-PRIMARY> ($19,991) ($0.047)
<EPS-DILUTED> ($19,991) ($0.047)
<YIELD-ACTUAL> $0 $0
<LOANS-NON> $0 $0
<LOANS-PAST> $0 $0
<LOANS-TROUBLED> $0 $0
<LOANS-PROBLEM> $0 $0
<ALLOWANCE-OPEN> $0 $0
<CHARGE-OFFS> $0 $0
<RECOVERIES> $0 $0
<ALLOWANCE-CLOSE> $0 $0
<ALLOWANCE-DOMESTIC> $0 $0
<ALLOWANCE-FOREIGN> $0 $0
<ALLOWANCE-UNALLOCATED> $0 $0