First Guaranty Bank

First Guaranty Bank's main office on East Thomas Street in Hammond, Louisiana, one block east of US 190's intersection with LA 1065.

First Guaranty Bancshares (commonly known as (First Guaranty Bank or FGB) was founded in 1934 in Hammond, Louisiana, as Guaranty Bank & Trust Company.

First Guaranty Bank president Mike Sharp, shown here in his office on East Thomas Street in Hammond.

In 2007 First Guaranty acquired First Community Holdings Corporation.^[1] By 2009 First Guaranty had 20 branches. Although most prominent in Tangipahoa Parish, First Guaranty has branches scattered through south Louisiana and also several branches in northeastern Louisiana.^[2]

After certain locations were spun off, in 2010 First Guaranty had 17 locations. As of 2010 June 30 First Guaranty's total assets were $1.0 billion, with net income equating to $6.2 million.^[3]

Guaranty Bank Building in Hammond's Historic District, now a Paris Parker Aveda Salon owned by Neill Corporation. This was the location of First Guaranty Bank when it was Guaranty Bank & Trust Company.

The philosophy of First Guaranty is to concentrate on towns and small cities in selected markets. The president of First Guaranty is Michael Raymond Sharp.^[4]

Notes

1. ^ Better Business Bureau profile of First Guaranty.
2. ^ First Guaranty web site (accessed 2010 January 16).
3. ^ "Listmakers: Banks ranked by total deposits as of June 30, 2010". Greater Baton Rouge Business Report 29 (5): p. 52. 2010-11-15. 
4. ^ First Guaranty Bancshares Enters into a definitive agreement to acquire first community holding company 2007 November 2 (accessed 2010 January 16).