First Guaranty Bancshares postpones IPO

First Guaranty Bancshares, a Louisiana bank with 21 branches and $1.5 billion in assets, postponed its IPO on Thursday.

The Hammond, LA-based company, listed on the OTC, was founded in 1934 and booked $49 million in sales for the 12 months ended September 30, 2014. Raymond James was set to be the sole bookrunner on the deal.