• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEW
    Legal
    Terms of usePrivacy policyCookie policy

    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

     

     

     
    Get the next $FGBI alert in real time by email

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $FGBI

    DatePrice TargetRatingAnalyst
    11/8/2023$12.00 → $9.50Neutral → Underweight
    Piper Sandler
    6/3/2022Buy → Neutral
    Janney
    More analyst ratings

    $FGBI
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Director Walker Robert W bought $29,888 worth of shares (3,750 units at $7.97), increasing direct ownership by 14% to 31,276 units (SEC Form 4)

    4 - First Guaranty Bancshares, Inc. (0001408534) (Issuer)

    8/29/25 4:05:30 PM ET
    $FGBI
    Savings Institutions
    Finance

    Director Walker Robert W bought $30,590 worth of shares (3,800 units at $8.05), increasing direct ownership by 16% to 27,526 units (SEC Form 4)

    4 - First Guaranty Bancshares, Inc. (0001408534) (Issuer)

    8/28/25 4:05:18 PM ET
    $FGBI
    Savings Institutions
    Finance

    Director Walker Robert W bought $36,848 worth of shares (4,700 units at $7.84), increasing direct ownership by 31% to 23,632 units (SEC Form 4)

    4 - First Guaranty Bancshares, Inc. (0001408534) (Issuer)

    8/27/25 4:07:18 PM ET
    $FGBI
    Savings Institutions
    Finance

    $FGBI
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    First Guaranty Bancshares, Inc. Announces Third Quarter 2024 Financial Results

    HAMMOND, La., Oct. 31, 2024 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ:FGBI), the holding company for First Guaranty Bank, announced its unaudited financial results for the third quarter and nine months ending September 30, 2024. Financial Highlights for the third quarter and nine months ended September 30, 2024, are as follows: Total assets increased $371.2 million and were $3.9 billion at September 30, 2024 and $3.6 billion at December 31, 2023. Total loans at September 30, 2024 were $2.8 billion, an increase of $20.9 million, or 0.8%, compared with December 31, 2023. Total deposits were $3.4 billion at September 30, 2024, an increase of $420.8 milli

    10/31/24 10:41:20 AM ET
    $FGBI
    Savings Institutions
    Finance

    First Guaranty Bancshares, Inc. Announces Key Developments and Second Quarter 2024 Financial Results

    HAMMOND, La., July 24, 2024 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ:FGBI), the holding company for First Guaranty Bank, announced its key developments and unaudited financial results for the second quarter and six months ending June 30, 2024. Key developments are as follows: First Guaranty is initiating changes to its business strategy. The changes include slowing the trajectory of the bank's asset growth, further increasing the capital position, and working with leaner staff while utilizing automation and technological advances. First Guaranty has reduced staff by 71 positions. This reduction represents approximately 15% of the bank's workforce. Ea

    7/24/24 10:50:10 AM ET
    $FGBI
    Savings Institutions
    Finance

    First Guaranty Bancshares, Inc. Declares 124th Consecutive Quarterly Cash Dividend to Shareholders

    HAMMOND, La., June 14, 2024 (GLOBE NEWSWIRE) -- On June 14, 2024 the Board of Directors of First Guaranty Bancshares, Inc. ("First Guaranty") declared a quarterly cash dividend on First Guaranty's outstanding shares of common stock of $0.16 per share. The dividend will be payable to shareholders of record as of June 25, 2024 and is expected to be paid on June 28, 2024. This is the 124th consecutive quarterly dividend paid to common shareholders. Sincerely, Michael R. MineerPresident and CEOFirst Guaranty Bancshares, Inc. About First Guaranty First Guaranty Bancshares, Inc. is the holding company for First Guaranty Bank, a Louisiana state-chartered bank. Founded in 1934, First Guaranty

    6/14/24 6:48:53 PM ET
    $FGBI
    Savings Institutions
    Finance

    $FGBI
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    First Guaranty Bancshares downgraded by Piper Sandler with a new price target

    Piper Sandler downgraded First Guaranty Bancshares from Neutral to Underweight and set a new price target of $9.50 from $12.00 previously

    11/8/23 7:19:49 AM ET
    $FGBI
    Savings Institutions
    Finance

    First Guaranty Bancshares downgraded by Janney

    Janney downgraded First Guaranty Bancshares from Buy to Neutral

    6/3/22 7:21:33 AM ET
    $FGBI
    Savings Institutions
    Finance

    DA Davidson initiated coverage on First Guaranty Bancshares with a new price target

    DA Davidson initiated coverage of First Guaranty Bancshares with a rating of Neutral and set a new price target of $19.50

    4/13/21 8:54:35 AM ET
    $FGBI
    Savings Institutions
    Finance

    $FGBI
    SEC Filings

    View All

    First Guaranty Bancshares Inc. filed SEC Form 8-K: Other Events

    8-K - First Guaranty Bancshares, Inc. (0001408534) (Filer)

    8/25/25 4:31:19 PM ET
    $FGBI
    Savings Institutions
    Finance

    First Guaranty Bancshares Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

    8-K - First Guaranty Bancshares, Inc. (0001408534) (Filer)

    8/25/25 4:30:42 PM ET
    $FGBI
    Savings Institutions
    Finance

    SEC Form 10-Q filed by First Guaranty Bancshares Inc.

    10-Q - First Guaranty Bancshares, Inc. (0001408534) (Filer)

    8/18/25 1:23:41 PM ET
    $FGBI
    Savings Institutions
    Finance

    $FGBI
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Director Walker Robert W bought $29,888 worth of shares (3,750 units at $7.97), increasing direct ownership by 14% to 31,276 units (SEC Form 4)

    4 - First Guaranty Bancshares, Inc. (0001408534) (Issuer)

    8/29/25 4:05:30 PM ET
    $FGBI
    Savings Institutions
    Finance

    Director Walker Robert W bought $30,590 worth of shares (3,800 units at $8.05), increasing direct ownership by 16% to 27,526 units (SEC Form 4)

    4 - First Guaranty Bancshares, Inc. (0001408534) (Issuer)

    8/28/25 4:05:18 PM ET
    $FGBI
    Savings Institutions
    Finance

    Director Walker Robert W bought $36,848 worth of shares (4,700 units at $7.84), increasing direct ownership by 31% to 23,632 units (SEC Form 4)

    4 - First Guaranty Bancshares, Inc. (0001408534) (Issuer)

    8/27/25 4:07:18 PM ET
    $FGBI
    Savings Institutions
    Finance

    $FGBI
    Leadership Updates

    Live Leadership Updates

    View All

    First Guaranty Bancshares, Inc. Appoints Mineer as President and CEO

    HAMMOND, La., June 03, 2024 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. announced Michael Mineer has been appointed as First Guaranty Bancshares, Inc. and First Guaranty Bank's President and CEO. He will succeed Alton Lewis, who announced his retirement at the end of May. Mineer has been a part of the First Guaranty family as the Mideast Area President since 2021 and brings over 35 years of banking experience to his new role. Most recently, Mineer served as President and CEO of Citizens Deposit Bank in Vanceburg, KY, since 2003, where he successfully grew the company from $89 million in assets to $650 million. Additionally, Mineer was Senior Vice President of Premier Financial

    6/3/24 6:00:00 PM ET
    $FGBI
    Savings Institutions
    Finance

    $FGBI
    Financials

    Live finance-specific insights

    View All

    First Guaranty Bancshares, Inc. Announces Third Quarter 2024 Financial Results

    HAMMOND, La., Oct. 31, 2024 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ:FGBI), the holding company for First Guaranty Bank, announced its unaudited financial results for the third quarter and nine months ending September 30, 2024. Financial Highlights for the third quarter and nine months ended September 30, 2024, are as follows: Total assets increased $371.2 million and were $3.9 billion at September 30, 2024 and $3.6 billion at December 31, 2023. Total loans at September 30, 2024 were $2.8 billion, an increase of $20.9 million, or 0.8%, compared with December 31, 2023. Total deposits were $3.4 billion at September 30, 2024, an increase of $420.8 milli

    10/31/24 10:41:20 AM ET
    $FGBI
    Savings Institutions
    Finance

    First Guaranty Bancshares, Inc. Announces Key Developments and Second Quarter 2024 Financial Results

    HAMMOND, La., July 24, 2024 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ:FGBI), the holding company for First Guaranty Bank, announced its key developments and unaudited financial results for the second quarter and six months ending June 30, 2024. Key developments are as follows: First Guaranty is initiating changes to its business strategy. The changes include slowing the trajectory of the bank's asset growth, further increasing the capital position, and working with leaner staff while utilizing automation and technological advances. First Guaranty has reduced staff by 71 positions. This reduction represents approximately 15% of the bank's workforce. Ea

    7/24/24 10:50:10 AM ET
    $FGBI
    Savings Institutions
    Finance

    First Guaranty Bancshares, Inc. Declares 124th Consecutive Quarterly Cash Dividend to Shareholders

    HAMMOND, La., June 14, 2024 (GLOBE NEWSWIRE) -- On June 14, 2024 the Board of Directors of First Guaranty Bancshares, Inc. ("First Guaranty") declared a quarterly cash dividend on First Guaranty's outstanding shares of common stock of $0.16 per share. The dividend will be payable to shareholders of record as of June 25, 2024 and is expected to be paid on June 28, 2024. This is the 124th consecutive quarterly dividend paid to common shareholders. Sincerely, Michael R. MineerPresident and CEOFirst Guaranty Bancshares, Inc. About First Guaranty First Guaranty Bancshares, Inc. is the holding company for First Guaranty Bank, a Louisiana state-chartered bank. Founded in 1934, First Guaranty

    6/14/24 6:48:53 PM ET
    $FGBI
    Savings Institutions
    Finance

    $FGBI
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    SEC Form SC 13D/A filed by First Guaranty Bancshares Inc. (Amendment)

    SC 13D/A - First Guaranty Bancshares, Inc. (0001408534) (Subject)

    2/14/24 7:51:00 PM ET
    $FGBI
    Savings Institutions
    Finance

    SEC Form SC 13D/A filed by First Guaranty Bancshares Inc. (Amendment)

    SC 13D/A - First Guaranty Bancshares, Inc. (0001408534) (Subject)

    2/14/24 7:50:27 PM ET
    $FGBI
    Savings Institutions
    Finance

    SEC Form SC 13D/A filed by First Guaranty Bancshares Inc. (Amendment)

    SC 13D/A - First Guaranty Bancshares, Inc. (0001408534) (Subject)

    2/14/24 7:49:54 PM ET
    $FGBI
    Savings Institutions
    Finance