First Guaranty Bancshares, Inc. 8-K

What Happened
First Guaranty Bancshares, Inc. (FGBI) reported that its wholly owned bank subsidiary, First Guaranty Bank, purchased three properties from FGB Partners, LLC on April 29, 2026, for an aggregate cash price of $14,770,000. The Properties consist of two stand‑alone branch buildings and a portion of the company’s headquarters building that also contains a branch. The Properties had been sold to FGB Partners on June 28, 2024 in a sale‑leaseback, and the absolute net lease agreements entered at that time were terminated in connection with the repurchase. The Form 8‑K was filed May 5, 2026 and signed by CFO Eric J. Dosch.

Key Details

• Purchase date and price: April 29, 2026 for $14,770,000 (aggregate cash consideration).
• Properties: two stand‑alone branches plus part of the headquarters building containing a branch.
• Original transaction: Properties were sold to FGB Partners on June 28, 2024 under sale‑leaseback agreements.
• Lease terms: each lease had an initial 15‑year term with specified renewal options; those lease agreements were terminated upon the repurchase.
• Related‑party note: FGB Partners is wholly owned by Douglas V. Reynolds (a shareholder and son of Chairman Marshall T. Reynolds), director/significant shareholder Edgar Ray Smith III, and the Estate of former director/significant shareholder William K. Hood.

Why It Matters
The bank reacquired physical branch real estate it had previously sold and leased back, eliminating the long‑term lease obligations associated with those three locations. For investors, this is a material corporate real estate move that affects the company’s asset base and lease commitments (the leases had 15‑year initial terms). The filing discloses the transaction involved an entity owned by insiders, which is relevant for governance and related‑party considerations. The 8‑K provides the purchase price and termination of the prior lease agreements but does not disclose additional financial impacts beyond the cash consideration.