Marshall T. Reynolds, a director at First Guaranty Bancshares, Inc. (NASDAQ: FGBI), completed a purchase of 32,176 common shares on March 31, 2026, at a price of $7.77 per share, for a total outlay of $250,007.
Since that acquisition the company's stock has traded up to $9.20, the release noted, which represents a 64% year-to-date gain from the beginning of the reporting period referenced.
Following the transaction, Reynolds directly holds 2,025,997 shares of First Guaranty Bancshares. He also has interests in additional shares held through various affiliates and trusts. Those indirect holdings include 8,460 shares held by Reynolds Capital Partners; 693 shares held by Purple Cap, LLC; 49,806 shares of the M.T. Reynolds Irrevocable Trust; 49,909 shares held by grandchildren; 6,655 shares held by Champion Leasing Corp.; and 624 shares held by The Harrah & Reynolds Corp. Reynolds disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
In a separate disclosure filed with the Securities and Exchange Commission, First Guaranty Bancshares announced amendments to two loan agreements with Smith & Tate Investment, L.L.C. The changes relate to a promissory note originally dated October 5, 2023, which had previously been amended on June 4, 2025.
Under the newly disclosed terms, the bank has agreed to waive principal payments from the March 31, 2026 interest payment date through the March 31, 2028 interest payment date. During this same window, First Guaranty Bancshares will have the option to make interest payments either in cash or by issuing shares of its common stock. The company said these changes were reflected in a press release statement filed with the SEC.
The disclosures provide both an update to director-level trading activity and to credit arrangements on the bank's books. The director purchase and the loan amendments were presented as factual items in the company filings and related statements.