First Guaranty Bancshares to Sell Texas Operations to Armstrong Bank

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First Guaranty Bancshares, a financial holding company, has announced plans to sell its Texas operations to Armstrong Bank of Muskogee, Oklahoma. The deal is expected to close in the third quarter of 2026, pending customary closing conditions. With this sale, First Guaranty Bancshares will be exiting the Texas market, where it currently operates five branch locations.

Why it matters

The sale of First Guaranty Bancshares' Texas operations to Armstrong Bank represents a strategic move by the company to focus on its core markets and streamline its business. The exit from Texas is likely driven by a desire to optimize operations and allocate resources more efficiently.

The details

Under the terms of the agreement, Armstrong Bank will acquire First Guaranty Bancshares' five branch locations in Texas. The financial details of the transaction have not been disclosed, but the deal is expected to close in the third quarter of 2026, subject to customary closing conditions and regulatory approvals.

• The deal is expected to close in Q3 2026.

What’s next

The deal is subject to customary closing conditions and regulatory approvals, and is expected to close in the third quarter of 2026.