First Guaranty Bancshares, Inc. — Form 8-K
Filed August 7, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 92/100
What the filing says
First Guaranty Bank (Hammond, Louisiana) received a consent order from FDIC and Louisiana OFI effective August 7, 2026, stemming from a June 30, 2025 examination. The order mandates: capital ratios of 9% Tier 1 Leverage and 14% Total Risk-Based; elimination of Loss-classified assets and 50% of Doubtful assets within 120 days; submission of a Plan for Reduction addressing classified assets ≥$2M; enhanced loan policies, loan review programs, and CRE concentration monitoring within 90 days; and prohibition on dividends without prior regulatory approval. The Bank must submit quarterly progress reports.
Why this rating
Consent order is severe regulatory enforcement action. Bank is $43.6M market cap; capital ratios, classified asset reductions, dividend restrictions, and mandatory operational overhauls are existential constraints. Business-changing event.
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