First Guaranty Bancshares, a Louisiana bank with 21 branches and $1.5 billion in assets, announced terms for its IPO on Monday.
The Hammond, LA-based company plans to raise $14 million by offering 0.7 million shares at a price of $19.15. At that price, First Guaranty Bancshares would command a fully diluted market value of $134 million.
First Guaranty Bancshares, which was founded in 1934 and booked $52 million in sales for the 12 months ended June 30, 2015, plans to list on the Nasdaq under the symbol FGBI. Sandler O'Neill is the sole bookrunner on the deal. No pricing date was disclosed.
