Press Release|Financial Institutions
KBRA Withdraws Ratings of First Guaranty Bancshares, Inc.
15 Nov 2023 | New York
KBRA withdraws the senior unsecured debt rating of BBB-, the subordinated debt rating of BB+, and the short-term debt rating of K3 for Hammond, LA-based First Guaranty Bancshares, Inc. (NASDAQ: FGBI). Further, KBRA withdraws the senior unsecured debt and deposit ratings of BBB, the subordinated debt rating of BBB-, and the short-term debt and deposit ratings of K3 for lead subsidiary bank, First Guaranty Bank. The withdrawal of ratings for First Guaranty Bancshares, Inc. and First Guaranty Bank is at the request of the issuer.
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