First Guaranty Bancshares slips after regulators issue consent order
BUZZ-First Guaranty Bancshares slips after regulators issue consent order ** Community lender First Guaranty Bancshares' FGBI.O shares fall 6% to $9.01
** FGBI late Friday disclosed issuance of consent order with Federal Deposit Insurance Corporation (FDIC) and Louisiana Office of Financial Institutions (OFI)
** Bank consented to issuance of consent order without admitting or denying any charges of unsafe or unsound banking practices or violations of law - FGBI
** Consent order stems from joint examination of FGBI conducted by FDIC and OFI in 2025
** Under consent order, FGBI is restricted from extending additional credit to borrowers whose credit remains uncollected and was classified “loss” or or “substandard” by FDIC or OFI in 2025 exam
** Other than achievement of required bank capital requirement, FGBI currently believes it is in full compliance with consent order
** As of last close, FGBI stock up 78.8% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
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