First Guaranty Bank

First Guaranty Bancshares, Inc.
Public company
Traded as NASDAQ: FGBI
Industry Banking
Founded 1934 (1934)
Headquarters Hammond, Louisiana
Area served
 Louisiana
Key people
 Marshall T. Reynolds, Chairman
Alton B. Lewis, CEO & President
Eric J. Dosch, CFO
Total assets Increase $1.750 billion (2017)
Total equity Increase $0.143 billion (2017)
Number of employees
 349 (2017)
Website www.fgb.net
Footnotes / references
[1]
First Guaranty Bank's main office on East Thomas Street in Hammond, Louisiana, one block east of US 190's intersection with LA 1065.
Former Guaranty Bank Building in Hammond's Historic District, now a Paris Parker Aveda Salon owned by Neill Corporation.

First Guaranty Bank (FGB) is a bank based in Hammond, Louisiana. It is the primary subsidiary of First Guaranty Bancshares, Inc., a bank holding company. The bank operates 21 branches.[1]

History

The bank was founded in Hammond, Louisiana in 1934 as Guaranty Bank & Trust Company.[2]

In 1971, the bank was renamed First Guaranty Bank.[2]

In 1999, the bank acquired 13 branches from Bank One.[3]

In 2007, the company acquired Homestead Bancorp, Inc. for $13 million in cash.[4][5] It also acquired Douglass National Bank of Kansas City.[6]

On September 22, 2011, the bank exited its participation in the Troubled Asset Relief Program by repurchasing securities from the United States Treasury for $21.1 million.[1]

In 2017, the company acquired Premier Bancshares for $21 million in cash and stock.[7][8]

References

  1. 1 2 3 "First Guaranty Bancshares, Inc. 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. 1 2 "Institution History for FIRST GUARANTY BANK (422433)". Federal Financial Institutions Examination Council.
  3. ↑ Andrejczak, Matt (July 15, 1999). "La.'s First Guaranty to Buy 13 Bank One Branches". American Banker. (subscription required)
  4. ↑ "First Guaranty Bank Enters into a Definitive Agreement to Acquire Homestead Bancorp, Inc" (Press release). Business Wire. January 5, 2007.
  5. ↑ Mullins, Luke (January 8, 2007). "In Brief: La.'s First Guaranty Buying Homestead". American Banker. (subscription required)
  6. ↑ "Douglass agrees to sell to Louisiana company". American City Business Journals. August 7, 2007.
  7. ↑ Prior, Jon (October 7, 2004). "Louisiana bank acquires McKinney-based parent of Synergy Bank". American City Business Journals.
  8. ↑ Prior, Jon (October 7, 2004). "Louisiana bank acquires McKinney-based parent of Synergy Bank". American City Business Journals.
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