---
schema_version: "secwatch.filing_event.v1"
accession: "0001408534-26-000035"
form_type: "8-K"
ticker: "FGBI"
cik: "0001408534"
company_name: "First Guaranty Bancshares, Inc."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:18:58.230374+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# First Guaranty Bank buys back three properties from related party for $14.77M, terminates leases

## Summary
- Purchased three properties from FGB Partners for $14.77M cash on April 29, 2026, terminating 15-year lease agreements.
- Properties were originally sold in a sale-leaseback on June 28, 2024; leases had initial 15-year term with renewal options.
- FGB Partners is owned by Chairman's son Douglas V. Reynolds, director Edgar Ray Smith III, and estate of former director.
- The transaction eliminates future rent obligations and transfers real estate ownership back to the bank.

## SEC filing metadata
- accession: 0001408534-26-000035
- form_type: 8-K
- ticker: FGBI
- cik: 0001408534
- company_name: First Guaranty Bancshares, Inc.
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1408534/000140853426000035/0001408534-26-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1408534/000140853426000035/fgbi-20260429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001408534-26-000035
- JSON: https://secwatch.observer/filing/0001408534-26-000035.json
- Plain text: https://secwatch.observer/filing/0001408534-26-000035.txt

## Source-grounded claims
- claim_id: 6c64f464f50773ef7b17cf0dd7ebe9159ca0ba95
  claim: First Guaranty Bancshares, Inc. terminated Lease Agreements with FGB Partners, LLC (effective 2026-04-29).
  evidence_excerpt: In connection with the purchase of the Properties by the Bank, the Bank and FGB Partners terminated the Lease Agreements.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1408534/000140853426000035/0001408534-26-000035-index.htm

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