secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2026-03-10T23:59:59+00:00
Accession:  0001408534-26-000010
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853426000010/0001408534-26-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853426000010/fgbi-20260310.htm
  HTML page:      https://secwatch.observer/filing/0001408534-26-000010

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