First Guaranty Bancshares to sell Texas operations; $270M deposits, $110M loans, 100bp Tier 1 boost

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First Guaranty Bancshares is selling its Texas operations, including five branches, to Armstrong Bank. The transaction involves approximately $270 million in deposits and $110 million in loans, with a 7.65% deposit premium. This deal is expected to increase First Guaranty Bank’s Tier 1 leverage ratio by about 100 basis points and is anticipated to close in Q3 2026.

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