secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2026-08-07T20:30:32+00:00
Accession:  0001408534-26-000069
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Guaranty Bank consents to FDIC/OFI order; Tier 1 leverage below required 9%
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- Consent Order effective Aug 7, 2026 from FDIC and Louisiana OFI following Sept 2025 joint exam; bank neither admits nor denies charges.
- Bank must maintain Tier 1 leverage ≥9% and total risk-based capital ≥14%; as of June 30, 2026 ratios were 7.09% and 16.21%.
- Dividends to parent First Guaranty Bancshares require prior FDIC/OFI consent while order in effect.
- Must charge off all 'loss'-classified assets and 50% of 'doubtful' within 120 days; reduction plan for substandard/doubtful within 60 days.
- CRE concentration monitoring plan and loan review/underwriting fixes due within 90 days; quarterly progress reports required.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853426000069/0001408534-26-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853426000069/fgbi-20260807.htm
  HTML page:      https://secwatch.observer/filing/0001408534-26-000069

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