First Guaranty Bancshares (NASDAQ: FGBI) exits Texas operations in sale to Armstrong Bank

Q: How many branches did FGBI’s bank sell in Texas to Armstrong Bank?

First Guaranty Bank sold five Texas branches to Armstrong Bank. The sale also transferred related deposits, loans, and certain other assets as part of the divestiture of its Texas operations.

Q: What amount of loans were included in FGBI’s Texas operations sale?

The transaction included approximately $88 million of loans sold by First Guaranty Bank to Armstrong Bank. These loans were related to the divested Texas branch network and associated operations.

Q: Under which disclosure item did FGBI report the Texas operations sale?

The Texas operations sale was reported under Item 7.01, Regulation FD Disclosure . The company stated the information is furnished, not filed, and is not incorporated by reference into Securities Act filings.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

First Guaranty Bancshares, Inc. completed the previously announced sale of the Texas operations of its wholly owned subsidiary, First Guaranty Bank, to Armstrong Bank of Muskogee, Oklahoma.

The sale closed on July 31, 2026 and included five Texas branches, approximately $234 million of deposits, approximately $88 million of loans, and certain other related assets. The disclosure is provided under Regulation FD and is not deemed filed under the Exchange Act.

8-K Event Classification

Item 7.01 — Regulation FD Disclosure

1 item

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Key Figures

Branches sold: 5 branches Deposits sold: $234 million Loans sold: $88 million +1 more

4 metrics

Branches sold 5 branches Number of Texas branches included in sale to Armstrong Bank

Deposits sold $234 million Approximate deposits transferred in Texas operations sale

Loans sold $88 million Approximate loans transferred in Texas operations sale

Closing date July 31, 2026 Date the Texas operations sale to Armstrong Bank was completed

Key Terms

Regulation FD Disclosure, Depositary Shares, Non-Cumulative perpetual preferred stock, Emerging growth company

4 terms

Regulation FD Disclosure regulatory

"Item 7.01 Regulation FD Disclosure First Guaranty Bancshares, Inc."

Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.

Depositary Shares financial

"Depositary Shares (each representing a 1/40th interest in a share"

Depositary shares are tradable certificates that represent a fractional piece of a larger security held by a third-party bank, like owning a slice of a single big pie instead of the whole pie. They let companies issue and investors buy smaller, more affordable portions of preferred stock or other instruments; holders usually receive proportional dividends and market pricing similar to ordinary shares, but may have limited voting rights and different liquidity or tax implications, which can affect income and resale value.

Non-Cumulative perpetual preferred stock financial

"6.75% Series A Fixed-Rate Non-Cumulative perpetual preferred stock"

Non-cumulative perpetual preferred stock is a type of investment that pays a fixed dividend forever, without a set end date. If the company skips some dividends in a year, you don’t get that money later, and it’s gone forever. It matters because investors get regular income but may miss out if the company faces financial trouble.

Emerging growth company regulatory

"Emerging growth company Securities registered pursuant to Section 12(b)"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Understanding 8-K Material Events →

Available on EDGAR 08/06/2026 - 04:32 PM Accepted by SEC EDGAR 08/06/2026 - 04:30 PM

FAQ

What transaction did First Guaranty Bancshares (FGBI) announce?

First Guaranty Bancshares announced that its subsidiary First Guaranty Bank completed the sale of its Texas operations to Armstrong Bank, including five branches, deposits, loans, and certain other assets, with the transaction closing on July 31, 2026.

How many branches did FGBI’s bank sell in Texas to Armstrong Bank?

First Guaranty Bank sold five Texas branches to Armstrong Bank. The sale also transferred related deposits, loans, and certain other assets as part of the divestiture of its Texas operations.

What amount of deposits did FGBI sell in the Texas operations transaction?

First Guaranty sold approximately $234 million of deposits as part of the Texas operations sale to Armstrong Bank. These deposits were associated with the five Texas branches included in the transaction.

What amount of loans were included in FGBI’s Texas operations sale?

The transaction included approximately $88 million of loans sold by First Guaranty Bank to Armstrong Bank. These loans were related to the divested Texas branch network and associated operations.

When did First Guaranty Bancshares (FGBI) close the sale of its Texas operations?

The sale of First Guaranty Bank’s Texas operations to Armstrong Bank was completed on July 31, 2026. The company later furnished this information under Regulation FD on August 6, 2026.

Under which disclosure item did FGBI report the Texas operations sale?

The Texas operations sale was reported under Item 7.01, Regulation FD Disclosure. The company stated the information is furnished, not filed, and is not incorporated by reference into Securities Act filings.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 6, 2026

FIRST GUARANTY BANCSHARES, INC.

(Exact name of registrant as specified in its charter)




Louisiana	001-37621	26-0513559
(State or other jurisdiction	(Commission File Number)	(I.R.S. Employer
incorporation or organization)		Identification Number)

400 East Thomas Street
Hammond, Louisiana		70401
(Address of principal executive offices)		(Zip Code)


(985) 345-7685
(Registrant’s telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $1 par value

FGBI

The Nasdaq Stock Market LLC

Depositary Shares (each representing a 1/40th interest in a share of 6.75% Series A Fixed-Rate Non-Cumulative perpetual preferred stock)

FGBIP

The Nasdaq Stock Market LLC

Item 7.01 Regulation FD Disclosure

First Guaranty Bancshares, Inc. (“First Guaranty”) today announces that its wholly-owned banking subsidiary, First Guaranty Bank (the “Bank”), completed the previously announced sale of the Bank's Texas operations, consisting of five branches and related deposits, loans and certain other assets, to Armstrong Bank, Muskogee, Oklahoma. The sale was completed on July 31, 2026.

First Guaranty sold approximately $234 million of deposits and approximately $88 million of loans.

The information in this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.




	FIRST GUARANTY BANCSHARES, INC.
	(Registrant)
Date: August 6, 2026
	By:	/s/Eric J. Dosch
		Eric J. Dosch
		Chief Financial Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents