First Guaranty Bank

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First Guaranty Bancshares, Inc.
Public company
Traded as NASDAQFGBI
Industry Banking
Founded 1934; 84 years ago (1934)
Headquarters Hammond, Louisiana
Area served
Louisiana
Key people
Marshall T. Reynolds, Chairman
Alton B. Lewis, CEO & President
Eric J. Dosch, CFO
[1]
Total assets Increase $1.500 billion (2016)[1]
Total equity Decrease $0.124 billion (2016)[1]
Number of employees
304[1]
Website www.fgb.net
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.[1] As of December 31, 2016 the bank operated 21 branches.[1]

History[edit]

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[edit]

External links[edit]