First Guaranty Bancshares, Inc 8-K, filed May 5, 2026
First Guaranty Bancshares, Inc. (FGBI)
8-K
2026-05-05
For: 2026-04-29
View Original
Added on
May 05, 2026
About this 8-K
First Guaranty Bancshares, Inc filed this 8-K on May 5, 2026, reporting on events of April 29, 2026.
Items reported
- Item 1.02: Ended a material agreement
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 29, 2026
(Exact name of registrant as specified in its charter)
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Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Securities registered pursuant to Section 12(b) of the Act:
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Item 1.02 Termination of a Material Definitive Agreement
On April 29, 2026, First Guaranty Bank (the “Bank”), a wholly-owned subsidiary of First Guaranty Bancshares, Inc. (“First Guaranty”), purchased three properties owned by FGB Partners, LLC (“FGB Partners”), two stand-alone branches and a portion of the headquarters building which also contains a branch (collectively, the “Properties”), for an aggregate cash purchase price of $14,770,000. The Properties were initially sold to FGB Partners on June 28, 2024, as part of a sale-leaseback transaction. Concurrently with the 2024 sale of the Properties to FGB Partners, the Bank entered into absolute net lease agreements (the “Lease Agreements”) with FGB Partners, pursuant to which the Bank would lease each of the Properties.
In connection with the purchase of the Properties by the Bank, the Bank and FGB Partners terminated the Lease Agreements. Each of the Lease Agreements had an initial term of 15 years with specified renewal options.
FGB Partners is wholly owned by Douglas V. Reynolds, a shareholder and son of our Chairman Marshall T. Reynolds; Edgar Ray Smith III, a director and significant shareholder; and the Estate of William K. Hood, a former director and significant shareholder.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FIRST GUARANTY BANCSHARES, INC. | |||||||||||
| (Registrant) | |||||||||||
| Date: May 5, 2026 | |||||||||||
| By: | /s/Eric J. Dosch | ||||||||||
| Eric J. Dosch | |||||||||||
| Chief Financial Officer | |||||||||||