Wiggins Bank Being Sold

A Hattiesburg banking company has bought First National Bank of Wiggins in a deal worth about $4.2 million. The First Bancshares, which operates branches under the name The First, announced the deal this past week. First Bancshares spokeswoman Lee Wade said the Wiggins deal fills a void in the bank's customer market that has recently grown to include sites along the Mississippi Gulf Coast.

``This is our first purchase of an existing bank but it fits in nicely with our footprint in Mississippi,'' Wade said. The deal is expected to be finalized in the fall.

With the acquisition of the Wiggins bank, The First will have nine banking locations, that also include Hattiesburg, Laurel, Purvis, Picayune, Pascagoula and Bay St. Louis.