First Guaranty Bancshares sells three bank branches for $15M in sale-leaseback with related parties

First Guaranty Bancshares, Inc.

Sold three Louisiana properties to FGB Partners (owned by three directors/Chairman) for $15M cash.
Bank entered 15-year absolute net leases; no branches closing or market exits.
Transaction yields pre-tax gain of $13.2M ($10.4M after tax).
First full-year rent expense estimated at $1.3M pre-tax ($1.0M after tax).
Leases include 5-year CPI rent adjustments with 3% floor and standard net lease obligations.

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