On October 21, 2021 the Board of Directors of First Guaranty Bancshares, Inc. ("First Guaranty") announced that on December 1, 2021, holders of record as of November 15, 2021 (the "Depository Shares Record Date") of its depositary shares (the "Depositary Shares"), each representing a 1/40th interest in the Corporation's 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock"), will receive a quarterly distribution in the amount of $0.421875 per Depositary Share, resulting from First Guaranty's declaration of a $16.875 per share of Series A Preferred Stock quarterly cash dividend, which underlies the Depositary Shares. On December 1, 2021, the Series A Preferred Stock dividend will be paid to the depositary for the Series A Preferred Stock. The depositary will, in turn, distribute such dividend to the holders of record of the Depositary Shares as of the Depositary Shares Record Date.