---
schema_version: "secwatch.filing_event.v1"
accession: "0001408534-23-000060"
form_type: "8-K"
ticker: "FGBI"
cik: "0001408534"
company_name: "First Guaranty Bancshares, Inc."
filed_at: "2023-07-10T23:59:59+00:00"
generated_at: "2026-06-13T10:30:58.543037+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Guaranty and Lone Star mutually terminate merger agreement due to changed market conditions

## Summary
- Termination effective July 10, 2023; mutual agreement by both boards.
- Citing 'changed market conditions' since January 6, 2023 merger agreement.
- First Guaranty CEO Lewis and Lone Star CEO Harrington state it allows focus on individual growth strategies.
- No termination fee or other consideration mentioned in the filing.

## SEC filing metadata
- accession: 0001408534-23-000060
- form_type: 8-K
- ticker: FGBI
- cik: 0001408534
- company_name: First Guaranty Bancshares, Inc.
- filed_at: 2023-07-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1408534/000140853423000060/0001408534-23-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1408534/000140853423000060/fgbi-20230710.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001408534-23-000060
- JSON: https://secwatch.observer/filing/0001408534-23-000060.json
- Plain text: https://secwatch.observer/filing/0001408534-23-000060.txt

## Key facts
- Material Agreements
  First Guaranty Bancshares, Inc. terminated Merger Agreement with Lone Star Bank (effective 2023-07-10).
  - Action: termination
  - Agreement: merger
  - Counterparty: Lone Star Bank
  - Effective: 2023-07-10
  source text: On July 10, 2023, First Guaranty, First Guaranty Bank, and Lone Star entered into a Mutual Termination Agreement and Release (the “Termination Agreement”) pursuant to which the parties mutually agreed to terminate the Merger Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1408534/000140853423000060/0001408534-23-000060-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.