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    SEC Form SC 13G filed by First Guaranty Bancshares Inc.

    2/14/24 7:45:54 PM ET
    $FGBI
    Savings Institutions
    Finance
    Get the next $FGBI alert in real time by email
    SC 13G 1 dreynolds20240214_sc13g.htm SCHEDULE 13G dreynolds20240214_sc13g.htm

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

    SCHEDULE 13G

     

    Under the Securities Exchange Act of 1934

     

     

     

    First Guaranty Bancshares, Inc.

    (Name of Issuer)

     

    Common Stock, par value $1.00 per share

    (Title of Class of Securities)

     

     32043P106


    (CUSIP Number)

     

    December 31, 2023

    (Date of Event Which Requires Filing of this Statement)

     

     

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     

    ☐

    Rule 13d-1(b)

     

    ☐

    Rule 13d-1(c)

     

    ☒

    Rule 13d-1(d)

     

     

    * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

     

    The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

     

     

    CUSIP No. 32043P106

    1

    NAME OF REPORTING PERSON

    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     

    Douglas V. Reynolds

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

     

    (a)      ☐

    (b)      ☒

    3

    SEC USE ONLY

    4

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    West Virginia, USA

    NUMBER OF

    SHARES

    BENEFICIALLY

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH:

    5

    SOLE VOTING POWER

     

    618,875

    6

    SHARED VOTING POWER

     

    7,593.2164

    7

    SOLE DISPOSITIVE POWER

     

    618,875

    8

    SHARED DISPOSITIVE POWER

     

    7,593.2164

    9

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    626,468.2164

    10

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*                ☐  

              

    11

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

    5.02%

    12

    TYPE OF REPORTING PERSON

     

    IN

     

     

     

     

    CUSIP No. 32043P106

    1

    NAME OF REPORTING PERSON

    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     

    M.T. Reynolds Irrevocable Trust

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

     

    (a)          ☐

    (b)          ☒

    3

    SEC USE ONLY

    4

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    West Virginia, USA

    NUMBER OF

    SHARES

    BENEFICIALLY

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH:

    5

    SOLE VOTING POWER

     

    0

    6

    SHARED VOTING POWER

     

    49,806

    7

    SOLE DISPOSITIVE POWER

     

    0

    8

    SHARED DISPOSITIVE POWER

     

    49,806

    9

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    49,806

    10

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*                            ☐

     

    11

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

    0.4%

    12

    TYPE OF REPORTING PERSON

     

    OO

     

     

     

     

    Item 1(a).

    Name of Issuer:

     

    First Guaranty Bancshares, Inc.

     

    Item 1(b).

    Address of Issuer's Principal Executive Offices:

     

    400 East Thomas Street

    Hammond, Louisiana 70401

     

    Item 2(a).

    Name of Person Filing.

     

    Douglas V. Reynolds and the M.T. Reynolds Irrevocable Trust (“MT Trust”).

     

    Item 2(b).

    Address of Principal Business Office or, if None, Residence.

     

    The principal business office of each of Mr. Reynolds and the MT Trust is P O Box 4040, Huntington, West Virginia 25729

     

    Item 2(c).

    Citizenship.

     

    Mr. Reynolds is a resident of West Virginia, USA. MT Trust was formed in West Virginia, USA.

     

    Item 2(d).

    Title of Class of Securities:

     

    Common Stock, par value $1.00 per share

     

    Item 2(e).

    CUSIP Number:

     

    32043P106

     

    Item 3.

    If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

     

    Not Applicable

     

    Item 4.

    Ownership.

     

    Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1:

     

     

    (a)

    Amount beneficially owned: 676,274.2164 shares of Common Stock

     

     

    (b)

    Percent of Class: 5.42%

     

     

    (c)

    Number of shares as to which such person has:

     

     

    (i)

    sole power to vote or direct the vote: 618,875

     

     

    (ii)

    shared power to vote or direct the vote: 57,399.2164

     

     

    (iii)

    sole power to dispose or direct the disposition of: 618,875

     

     

    (iv)

    shared power to dispose or direct the disposition of: 57,399.2164

     

    Mr. Reynolds disclaims beneficial ownership of the shares held by MT Trust except to the extent of his pecuniary interest therein.

     

     

     

     

    Item 5.

    Ownership of Five Percent or Less of a Class.

     

    Not Applicable

     

    Item 6.

    Ownership of More than Five Percent on Behalf of Another Person.

     

    Not Applicable

     

    Item 7.

    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

     

    Not Applicable

     

    Item 8.

    Identification and Classification of Members of the Group.

     

    Not Applicable

     

    Item 9.

    Notice of Dissolution of Group.

     

    Not Applicable

     

    Item 10.

    Certification.

     

    Not Applicable

     

     

     

     

    SIGNATURE

     

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     

    Dated: February 14, 2024

     

      /s/ Douglas V. Reynolds
      Douglas V. Reynolds, individually and in his capacity as Trustee of M.T. Reynolds Irrevocable Trust

     

     

     
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