On January 21, 2021, The First Bancshares, Inc. announced that it had extended its offer to exchange any and all of the $65 million in aggregate principal amount of 4.25% Fixed-to-Floating Rate Subordinated Notes due 2030 that the Company issued in a private placement on September 25, 2020 for a like principal amount of notes with identical terms that have been registered under the Securities Act of 1933, as amended. The Exchange Offer will now expire at 5:00 p.m., New York City time, on January 28, 2020, unless further extended. The exchange offer, which had been scheduled to expire on January 20, 2021 at 11:59 p.m., New York City time, will now expire at 5:00 p.m., New York City time, on January 28, 2021, unless further extended by First Bancshares. All other terms, provisions and conditions of the exchange offer will remain in full force and effect. U.S. Bank National Association is serving as exchange agent for the exchange offer. First Bancshares said it has been informed by the exchange agent that, as of January 20, 2020 at 5:00 p.m., New York City time, $64,500,000 in aggregate principal amount of the Old Notes had been tendered in the exchange offer. This amount represents approximately 99% of the Old Notes.