First Guaranty Bancshares slips after regulators issue consent order
FGBI•Shares fall after disclosure
Community lender First Guaranty Bancshares' FGBI.O shares fell 6% to $9.01.
Order follows 2025 joint examination
The consent order stems from a joint examination of FGBI conducted by the FDIC and OFI in 2025.
Under the consent order, FGBI is restricted from extending additional credit to borrowers whose credit remains uncollected and was classified “loss” or “substandard” by the FDIC or OFI in the 2025 exam.
Company says it believes it is in compliance
Other than achievement of the required bank capital requirement, FGBI currently believes it is in full compliance with the consent order.
As of the last close, FGBI stock was up 78.8% year to date.
Consent order issued by FDIC and Louisiana OFI
FGBI late Friday disclosed the issuance of a consent order with the Federal Deposit Insurance Corporation (FDIC) and the Louisiana Office of Financial Institutions (OFI).
The bank consented to the issuance of the consent order without admitting or denying any charges of unsafe or unsound banking practices or violations of law, FGBI said.
