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First Guaranty Bancshares

#9534

Rank

$73.69M

Marketcap

US United States

Country

First Guaranty Bancshares
Leadership team

Mr. Alton B. Lewis Jr. (Vice Chairman, Pres & CEO)

Mr. Eric John Dosch (Treasurer, Sec. & CFO)

Mr. Michael Ray Mineer (Mideast Market Pres)

Products/ Services
Banking, Financial Services
Number of Employees
100 - 500
Headquarters
Hammond, Louisiana, United States
Established
1934
Company Registration
SEC CIK number: 0001408534
Net Income
20M - 100M
Revenue
100M - 500M
Traded as
FGBI
Social Media
Overview
Location
Summary
First Guaranty Bancshares, Inc. operates as the holding company for First Guaranty Bank that provides commercial banking services in Louisiana and Texas. It offers various deposit products, including personal and business checking, savings, money market, and demand accounts, as well as time deposits to consumers, small businesses, and municipalities. The company also provides loans, such as non-farm, non-residential loans secured by real estate, commercial and industrial loans, one- to four-family residential loans, multifamily loans, construction and land development loans, agricultural loans, farmland loans, and consumer and other loans to small to medium-sized businesses and professionals, and individuals. In addition, it offers a range of consumer services, including credit cards, mobile deposit capture, safe deposit boxes, official checks, online and mobile banking, automated teller machines, and online bill pay; provides additional solutions, such as merchant services, remote deposit capture, and lockbox services to business customers; and invests a portion of its assets in securities issued by the United States Government and its agencies, state and municipal obligations, corporate debt securities, mutual funds, and equity securities, as well as invests in mortgage-backed securities primarily issued or guaranteed by United States Government agencies or enterprises. The company operates through 36 banking facilities primarily located in market services areas of Hammond, Baton Rouge, Lafayette, Shreveport-Bossier City, Lake Charles, Alexandria, Dallas-Fort Worth-Arlington, Waco, Kentucky, and West Virginia. First Guaranty Bancshares, Inc. was founded in 1934 and is headquartered in Hammond, Louisiana.
History

The bank was founded in Hammond, Louisiana in 1934 as Guaranty Bank & Trust Company.In 1971, the bank was renamed First Guaranty Bank.In 1999, the bank acquired 13 branches from Bank One.In 2007, the company acquired Homestead Bancorp, Inc. for $13 million in cash. It also acquired Douglass National Bank of Kansas City.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.In 2017, the company acquired Premier Bancshares for $21 million in cash and stock.In August 2019, the bank's holding company entered into a deal to purchase the holding company of The Union Bank of Marksville, Louisiana for $43 million. When completed late in 2019, the acquisition will increase the bank's number of branches by about 50% to around 30.

Mission
Our mission is to be the premier banking and financial services provider in the communities we serve. We are dedicated to promoting the Spirit of West Texas and devoted to cultivating genuine personal relationships by partnering with our customers to fulfill their unique financial needs. We will offer innovative products and services delivered by responsive, friendly and knowledgeable professionals who will strive to create the Ultimate Customer Experience.
Vision
First Guaranty Bancshares, Inc. is committed to being the premier provider of financial services in our market. We will use innovation and technology to deliver exceptional service and improve our products, processes, and customer experiences.
Key Team

Kevin J. Foster (Sr. VP & Regional Mang. Denham Springs)

Gregory P. Prudhomme (Sr. VP & Regional Mang. of Central Louisiana)

Mr. Michael R. Cross (Chief Lending Officer of First Guaranty Bank)

Recognition and Awards
First Guaranty Bancshares, Inc. has been recognized for its strong commitment to the communities it serves. The company has received numerous awards for its financial performance and its support of the community, from organizations like the Small Business Administration, Louisiana Economic Development, and The Greater Hammond Chamber of Commerce.
References

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First Guaranty Bancshares
Leadership team

Mr. Alton B. Lewis Jr. (Vice Chairman, Pres & CEO)

Mr. Eric John Dosch (Treasurer, Sec. & CFO)

Mr. Michael Ray Mineer (Mideast Market Pres)

Products/ Services
Banking, Financial Services
Number of Employees
100 - 500
Headquarters
Hammond, Louisiana, United States
Established
1934
Company Registration
SEC CIK number: 0001408534
Net Income
20M - 100M
Revenue
100M - 500M
Traded as
FGBI
Social Media