The seller announced the delay to give it time to solicit more votes in favor of the deal. It plans to push a June 13 meeting to next month, when shareholders will decide whether to approve the transaction.
HOUSTON, June 07, 2023 First Guaranty Bancshares, Inc. previously filed a proxy statement/prospectus with respect to a special meeting of the shareholders of Lone Star Bank to be held on. | June 7, 2023
Led by Chairman Marshall Reynolds, the entire board of directors participated in a private placement that raised $10 million for the Hammond, Louisiana, company.