First Guaranty Bank
Public company | |
Traded as | NASDAQ: FGBI |
Industry | Banking |
Founded | 1934 |
Headquarters | Hammond, Louisiana |
Area served | Louisiana |
Key people |
Marshall T. Reynolds, Chairman Alton B. Lewis, CEO & President Eric J. Dosch, CFO |
Total assets |
|
Total equity |
|
Number of employees | 349 (2017) |
Website |
www |
Footnotes / references [1] |
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 2 3 "First Guaranty Bancshares, Inc. 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- 1 2 "Institution History for FIRST GUARANTY BANK (422433)". Federal Financial Institutions Examination Council.
- ↑ Andrejczak, Matt (July 15, 1999). "La.'s First Guaranty to Buy 13 Bank One Branches". American Banker. (subscription required)
- ↑ "First Guaranty Bank Enters into a Definitive Agreement to Acquire Homestead Bancorp, Inc" (Press release). Business Wire. January 5, 2007.
- ↑ Mullins, Luke (January 8, 2007). "In Brief: La.'s First Guaranty Buying Homestead". American Banker. (subscription required)
- ↑ "Douglass agrees to sell to Louisiana company". American City Business Journals. August 7, 2007.
- ↑ Prior, Jon (October 7, 2004). "Louisiana bank acquires McKinney-based parent of Synergy Bank". American City Business Journals.
- ↑ Prior, Jon (October 7, 2004). "Louisiana bank acquires McKinney-based parent of Synergy Bank". American City Business Journals.
External links
- Business data for First Guaranty Bancshares, Inc.: Google Finance
- Yahoo! Finance
- Bloomberg
- Reuters
- SEC filings