THE UNION BANK TO BE ACQUIRED BY FIRST GUARANTY BANK

Olsen Palmer is pleased to announce that Union Bancshares, Incorporated (“Union”) and its wholly owned subsidiary The Union Bank (Marksville, Louisiana) have entered into a definitive agreement to be acquired by First Guaranty Bancshares, Inc. (“First Guaranty”; NASDAQ: FGBI), holding company for First Guaranty Bank (Hammond, Louisiana). According to the terms of the agreement, First Guaranty will acquire all of the outstanding common stock of Union in a 100% cash transaction valued at approximately $43 million.

Olsen Palmer LLC served as exclusive financial advisor and issued a Fairness Opinion to Union Bancshares, Incorporated.

Founded in 1910, Union operates 7 branches in Louisiana and has total assets of $261.4 million. Upon completion of the transaction, First Guaranty is projected to have total assets in excess of $2.1 billion and 33 branches across 9 parishes in Louisiana and 5 counties in Texas.

Completion of this transaction is expected in late fourth quarter of 2019 and is subject to certain closing conditions, including Union stockholder approval and customary regulatory approvals. After closing, Union and its subsidiary The Union Bank will fully merge into First Guaranty.

Olsen Palmer remains ranked as a Top 5 bank M&A advisor across the entire U.S. according to S&P Global, as ranked based on the number of whole-bank sell-side M&A transactions advised upon in 2019 year-to-date.

If you would like additional information or have any questions on M&A, valuation, or strategic options please feel free to contact me at 202-627-2043 or colsen@olsenpalmer.com.

TRANSACTION ANNOUNCEMENT (PDF)