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First Guaranty Bancshares, Inc. entered into Second Amendments dated March 20, 2026, to its Promissory Note (originally dated October 5, 2023) and Floating Rate Subordinated Note due March 28, 2034, both with Smith & Tate Investment, L.L.C., a company controlled by director Edgar Ray Smith, III. The amendments waive principal payments through March 31, 2028, and extend the option to pay interest in cash or common stock, providing payment deferral and flexibility.
Event Type
Disclosure
Mandatory
Variant
8-K
Entry into a Material Definitive Agreement Second Amendment to Promissory Note On March 20, 2026, First Guaranty Bancshares, Inc. (“First Guaranty” or the "Comp
Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Second Amendment to the Promissory Note, dated as of March 20, 2026, by and between
Material Agreement