secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2024-06-04T23:59:59+00:00
Accession:  0001408534-24-000055
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Guaranty Bancshares appoints Michael Mineer as President and CEO
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- Michael Mineer appointed Pres. & CEO of First Guaranty Bancshares and Bank, effective May 28, 2024, succeeding retiring Alton Lewis.
- Mineer has 35+ years banking; previously Mideast Area President since 2021; grew Citizens Deposit Bank from $89M to $650M.
- Annual base salary increased to $400,000; bonuses discretionary based on performance objectives set by Compensation Committee.
- As SVP at Premier Financial Bancorp, re-engineered deposit/loan processes digital; helped growth from $500M to $2.2B.
- Mineer plans to embrace new tech to drive efficiencies, improve capital to risk profile, and enhance shareholder value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853424000055/0001408534-24-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853424000055/fgbi-20240528.htm
  HTML page:      https://secwatch.observer/filing/0001408534-24-000055

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