secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2023-01-09T23:59:59+00:00
Accession:  0001408534-23-000003
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Guaranty Bancshares to acquire Lone Star Bank in all-stock deal
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- First Guaranty to issue stock valued at $23.67/share; aggregate consideration 1.5x Lone Star tangible book value.
- Combined entity will have ~$3.2B assets, $2.5B loans, $2.8B deposits.
- Lone Star shareholders to vote; closing conditions include regulatory approvals and effectiveness of S-4.
- Lone Star directors owning ~24% of shares have entered voting agreements to support transaction.
- Termination fee of $1.0M payable by Lone Star under certain circumstances.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853423000003/0001408534-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853423000003/fgbi-20230106.htm
  HTML page:      https://secwatch.observer/filing/0001408534-23-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer