First Guaranty Bancshares, Inc. announced that Dr. Glenda Glover has served on the board of two depository organizations. Pursuant to 12 C.F.R Section 212.3(c), a management official may not serve at the same time on two depository organization boards if one institution is greater than $2.5 billion in total assets and the other institution is greater than $1.5 billion in total assets. This rule became applicable to Dr. Glover due to First Guaranty Bancshares, Inc.'s growth above $1.5 billion in total assets. On December 28, 2017, Director Glenda Glover advised First Guaranty that she is resigning from First Guaranty's Board of Directors effective December 31, 2017.