First Guaranty Bancshares Sells Texas Banking Operations to Armstrong Bank

What Happened
First Guaranty Bancshares, Inc. (through its wholly owned subsidiary First Guaranty Bank) announced via a Regulation FD disclosure (Form 8-K, Item 7.01) that it completed the previously announced sale of the Bank's Texas operations to Armstrong Bank. The transaction closed on July 31, 2026.

Key Details

• The sale included five Texas branches and related assets and liabilities.
• Approximately $234 million of customer deposits were transferred to Armstrong Bank.
• Approximately $88 million of loans were sold as part of the transaction.
• Disclosure was filed on August 6, 2026 (Form 8-K, Item 7.01).

Why It Matters
This transaction reduces First Guaranty Bank's Texas footprint and shifts a material amount of deposits and loans off the company’s balance sheet. For investors, the sale may affect the bank’s deposit base, loan portfolio composition and regional exposure; the 8-K provides the core transaction facts but does not disclose purchase price or detailed financial impacts.