First Guaranty Bancshares, Inc. announced a private placement that it has issued 1,000,000 shares of its common stock, $1.00 par value per share at an issue price of $10 per share for the aggregate gross proceeds of $10,000,000 on December 19, 2023. The offer and sale of the common stock by the company was made in reliance upon the exemptions from registration available under Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D. The transaction included participation from 8 non accredited investors.