First Guaranty Bancshares, Inc. Announces Pricing of Offering of Series A Preferred Stock Depositary Shares
First Guaranty Bancshares, Inc. (“FGBI” or the “Corporation”) (
NASDAQ: FGBI), the parent company of First Guaranty Bank, announced today the pricing of its underwritten public offering (the “Offering”) of 1,200,000 depositary shares, each of which represents a 1/40th interest in a share of its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, $1,000 liquidation preference per share (equivalent to $25.00 per depositary share). The Corporation has granted the underwriter an option, exercisable in whole or in part for 30 days, to purchase up to an additional 180,000 depositary shares at the public offering price, less the underwriting discount. The Corporation expects to close the Offering, subject to customary conditions, on or about April 27, 2021.
