We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Heritage Southeast Bancorporation, Inc. (“Heritage” or the “Company”) (OTC: HSBI), in connection with the Company’s proposed acquisition by The First Bancshares, Inc. (“First Bancshares”) (NASDAQ: FBMS).  Under the terms of the merger agreement, the Company’s shareholders will receive 0.965 shares of First Bancshares common stock for each Heritage share owned, representing implied per-share merger consideration of approximately $29.59 based upon First Bancshares’s July 27,2022 closing price of $30.66.

Weiss Law is investigating whether (i) Heritage’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates Heritage’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.