# EDGAR Filing Document

**Accession Number:** 0001408534
**File Stem:** 0001437749-26-000345
**Filing Date:** 2026-1
**Character Count:** 22974
**Document Hash:** 62e0b40762abb46f78301c7388aaec96
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-26-000345.hdr.sgml**: 20260105

**ACCESSION NUMBER**: 0001437749-26-000345

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260105

**DATE AS OF CHANGE**: 20260105

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** First Guaranty Bancshares, Inc.
- **CENTRAL INDEX KEY:** 0001408534
- **STANDARD INDUSTRIAL CLASSIFICATION:** SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 260513559
- **STATE OF INCORPORATION:** LA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-86745
- **FILM NUMBER:** 26506559

**BUSINESS ADDRESS:**
- **STREET 1:** 400 EAST THOMAS STREET
- **CITY:** HAMMOND
- **STATE:** LA
- **ZIP:** 70401
- **BUSINESS PHONE:** 985-345-7685

**MAIL ADDRESS:**
- **STREET 1:** 400 EAST THOMAS STREET
- **CITY:** HAMMOND
- **STATE:** LA
- **ZIP:** 70401
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** REYNOLDS MARSHALL T
- **CENTRAL INDEX KEY:** 0001057350

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**MAIL ADDRESS:**
- **STREET 1:** 2450 FIRST AVENUE
- **CITY:** HUNTINGTON
- **STATE:** WV
- **ZIP:** 25704

## Ex-99

**EXHIBIT 99.1**

**JOINT FILING AGREEMENT**

The undersigned agree that the foregoing statement on Schedule 13D (including any and all amendments thereto) is being filed with the Securities and Exchange Commission on behalf of each of the undersigned pursuant to Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filings.

Dated: January 5, 2026

---

| | |
|:---|:---|
| By: | /s/ Marshall T. Reynolds |
|  | Marshall T. Reynolds |
| Purple Cap, LLC | Purple Cap, LLC |
| By: | /s/ Marshall T. Reynolds |
|  | Name: Marshall T. Reynolds |
|  | Title: Member |
| M.T. Reynolds Investment Trust | M.T. Reynolds Investment Trust |
| By: | /s/ Marshall T. Reynolds |
|  | Name: Marshall T. Reynolds |
|  | Title: Administrator |
| Champion Leasing Corp. | Champion Leasing Corp. |
| By: | /s/ Marshall T. Reynolds |
|  | Name: Marshall T. Reynolds |
|  | Title: Chairman |
| The Harrah & Reynolds Corp. | The Harrah & Reynolds Corp. |
| By: | /s/ Marshall T. Reynolds |
|  | Name: Marshall T. Reynolds |
|  | Title: President and General Manager |
| Reynolds Capital Partners, LP | Reynolds Capital Partners, LP |
| By: | /s/ Marshall T. Reynolds |
|  | Name: Marshall T. Reynolds |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 2)**

**First Guaranty Bancshares, Inc.**

*(Name of Issuer)*

**Common Stock, $1.00 par value per share**

*(Title of Class of Securities)*

**32043P106**

*(CUSIP Number)*

**Marshall T. Reynolds**<br>2450-90 First Avenue<br>Huntington WV 25704<br>(304) 528-2791

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**12/31/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **32043P106** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**REYNOLDS MARSHALL T** | Name of reporting person<br>**REYNOLDS MARSHALL T** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**WEST VIRGINIA** | Citizenship or place of organization<br>**WEST VIRGINIA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**1993821.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**49909.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**1993821.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**49909.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2043730.00** | Aggregate amount beneficially owned by each reporting person<br>**2043730.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**12.9%** | Percent of class represented by amount in Row (11)<br>**12.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **32043P106** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Purple Cap, LLC** | Name of reporting person<br>**Purple Cap, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**WEST VIRGINIA** | Citizenship or place of organization<br>**WEST VIRGINIA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**693.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**693.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**693.00** | Aggregate amount beneficially owned by each reporting person<br>**693.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.0%** | Percent of class represented by amount in Row (11)<br>**0.0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **32043P106** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**M.T. Reynolds Irrevocable Trust** | Name of reporting person<br>**M.T. Reynolds Irrevocable Trust** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**WEST VIRGINIA** | Citizenship or place of organization<br>**WEST VIRGINIA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**49806.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**49806.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**49806.00** | Aggregate amount beneficially owned by each reporting person<br>**49806.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.3%** | Percent of class represented by amount in Row (11)<br>**0.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **32043P106** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Champion Leasing Corp.** | Name of reporting person<br>**Champion Leasing Corp.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**WEST VIRGINIA** | Citizenship or place of organization<br>**WEST VIRGINIA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**6655.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**6655.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**6655.00** | Aggregate amount beneficially owned by each reporting person<br>**6655.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.0%** | Percent of class represented by amount in Row (11)<br>**0.0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

| **CUSIP No.** | **32043P106** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**The Harrah & Reynolds Corp.** | Name of reporting person<br>**The Harrah & Reynolds Corp.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**WEST VIRGINIA** | Citizenship or place of organization<br>**WEST VIRGINIA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**624.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**624.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**624.00** | Aggregate amount beneficially owned by each reporting person<br>**624.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.0%** | Percent of class represented by amount in Row (11)<br>**0.0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

| **CUSIP No.** | **32043P106** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Reynolds Capital Partners, LP** | Name of reporting person<br>**Reynolds Capital Partners, LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**NEVADA** | Citizenship or place of organization<br>**NEVADA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**8460.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**8460.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**8460.00** | Aggregate amount beneficially owned by each reporting person<br>**8460.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.1%** | Percent of class represented by amount in Row (11)<br>**0.1%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, $1.00 par value per share

**(b) Name of Issuer:**
First Guaranty Bancshares, Inc.

**(c) Address of Issuer's Principal Executive Offices:**
400 EAST THOMAS STREET, HAMMOND, LA, 70401

This Amendment No. 2 amends and restates the statement on Schedule 13D originally filed with the Securities and Exchange Commission (the "SEC") on February 14, 2023, as previously amended and restated by the Amendment No. 1 on Schedule 13D originally filed with the SEC on February 14, 2024 (the "Original Statement") by Marshall T. Reynolds with respect to the common stock, $1.00 par value per share (the "Common Stock"), of First Guaranty Bancshares, Inc., a Louisiana corporation (the "Issuer"). Unless otherwise defined herein, capitalized terms used in this Amendment No. 2 shall have the meanings ascribed to them in the Original Statement. Unless amended or supplemented below, the information in the Statement remains unchanged.

This Amendment No. 2 is being filed to reflect the purchase of Common Stock by Marshall T. Reynolds directly from the Issuer in a private placement completed on December 31, 2025 (the "December Private Placement") as well as changes in the percentage of outstanding shares of the Common Stock which did not collectively result in a material change with respect to the reporting person's ownership of Issuer Common Stock.

This Schedule 13D relates to the common stock, $1.00 par value per share (the "Common Stock"), of First Guaranty Bancshares, Inc., a Louisiana corporation (the "Issuer").  The principal executive offices of the Issuer are located at 400 East Thomas Street, Hammond, Louisiana 70401.

The Issuer had 15,793,433 shares of Common Stock outstanding as of January 2, 2026, after giving effect to the December Private Placement. All beneficial ownership and voting power percentage calculations with respect to the Common Stock are based on the outstanding shares as of such date.

All beneficial ownership calculations contained in this Schedule 13D have been made in accordance with Rule 13d-3 of the Securities Exchange Act of 1934, as amended.

**Item 4. Purpose of Transaction**

The Reporting Persons acquired the Common Stock reported on this Schedule 13D for investment purposes. The Reporting Persons may in the future acquire additional shares of Common Stock or dispose of some or all of the shares of Common Stock held by them on the open-market or in privately negotiated transactions, on such terms and at such times as the Reporting Persons may deem advisable.

Mr. Reynolds currently serves as Chairman of the Board of the Issuer.  None of the Reporting Persons has any present plan or proposal that would result in any actions described in paragraphs (a) through (j) of Item 4 of Schedule 13D, except as might be proposed by Mr. Reynolds in his capacity as a Director of the Issuer or by such Board with the participation of Mr. Reynolds as a Director. The Reporting Persons reserve the right in the future to formulate any such plans or proposals, and to take any actions with respect to their investments in the Issuer, including any or all actions described in paragraphs (a) through (j) of Item 4 of Schedule 13D.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Mr. Reynolds may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 2,043,730 shares of Common Stock, or 12.94% of the outstanding shares of Common Stock.  Purple Cap may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 693 shares of Common Stock, or 0.004% of the outstanding shares of Common Stock.  Trust may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 49,806 shares of Common Stock, or 0.32% of the outstanding shares of Common Stock.  Champion may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 6,655 shares of Common Stock, or 0.04% of the outstanding shares of Common Stock.  Harrah may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 624 shares of Common Stock, or 0.004% of the outstanding shares of Common Stock. Reynolds Capital may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 8,460 shares of Common Stock, or 0.05% of the outstanding shares of Common Stock.

**(b)**
Mr. Reynolds may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 2,043,730 shares of Common Stock, or 12.94% of the outstanding shares of Common Stock.  Purple Cap may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 693 shares of Common Stock, or 0.004% of the outstanding shares of Common Stock.  Trust may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 49,806 shares of Common Stock, or 0.32% of the outstanding shares of Common Stock.  Champion may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 6,655 shares of Common Stock, or 0.04% of the outstanding shares of Common Stock.  Harrah may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 624 shares of Common Stock, or 0.004% of the outstanding shares of Common Stock. Reynolds Capital may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 8,460 shares of Common Stock, or 0.05% of the outstanding shares of Common Stock.

**(c)**
Except as otherwise set forth in Item 3 above or as reported on a Statement of Change of Beneficial Ownership on Form 4 (including the December Private Placement), no Reporting Person has effected any transactions in shares of the Issuer's shares of Common Stock during the last 60 days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

None.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** REYNOLDS MARSHALL T

**Signature:** /s/ Marshall T. Reynolds

**Name/Title:** Marshall T. Reynolds

**Date:** 01/05/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Purple Cap, LLC

**Signature:** /s/ Marshall T. Reynolds

**Name/Title:** Marshall T. Reynolds/Member

**Date:** 01/05/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** M.T. Reynolds Irrevocable Trust

**Signature:** /s/ Marshall T. Reynolds

**Name/Title:** Marshall T. Reynolds/Administrator

**Date:** 01/05/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Champion Leasing Corp.

**Signature:** /s/ Marshall T. Reynolds

**Name/Title:** Marshall T. Reynolds/Chairman

**Date:** 01/05/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** The Harrah & Reynolds Corp.

**Signature:** /s/ Marshall T. Reynolds

**Name/Title:** Marshall T. Reynolds/President and General Manager

**Date:** 01/05/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Reynolds Capital Partners, LP

**Signature:** /s/ Marshall T. Reynolds

**Name/Title:** Marshall T. Reynolds

**Date:** 01/05/2026