First Guaranty Bancshares to sell Texas branches to Armstrong Bank for ~$270M deposits, $110M loans

First Guaranty Bancshares, Inc.

Sale of five Texas branches (four in Dallas-Fort Worth metroplex, one in Waco) to Armstrong Bank.
Transaction includes ~$270M in deposits and ~$110M in loans with a 7.65% deposit premium.
Expected to increase First Guaranty Bank's Tier 1 leverage ratio by approximately 100 bps.
Transaction approved by both boards; expected to close in Q3 2026 subject to customary conditions.

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