DivestmentAug 6, 2026, 04:41 PM

First Guaranty Bank Completes Sale of Texas Operations

AI Summary

First Guaranty Bancshares, Inc. announced that its wholly-owned subsidiary, First Guaranty Bank, completed the previously announced sale of its Texas operations. The transaction, which closed on July 31, 2026, involved the divestment of five branches, approximately $234 million in deposits, and about $88 million in loans to Armstrong Bank. This strategic move streamlines First Guaranty Bank's operations.

Key Highlights

Sale of Texas operations completed on July 31, 2026.
First Guaranty Bank sold five branches in Texas.
Approximately $234 million of deposits were sold.
Approximately $88 million of loans were sold.
Operations sold to Armstrong Bank, Muskogee, Oklahoma.

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FGBI

Savings Institutions

First Guaranty Bancshares, Inc.

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