secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001408534-26-000035
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853426000035/0001408534-26-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853426000035/fgbi-20260429.htm
  HTML page:      https://secwatch.observer/filing/0001408534-26-000035

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