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Stock impact report

Investar Bank, National Association Expands its Texas Footprint by Acquiring Branch Operations from PlainsCapital Bank

Investar Holding Corporation (ISTR) 
Last investar holding corporation earnings: 4/23 07:00 pm Check Earnings Report
Company Research Source: GlobeNewswire
BATON ROUGE, La., Feb. 21, 2020 (GLOBE NEWSWIRE) -- Investar Holding Corporation (Nasdaq:ISTR) (“Investar”), announced today that its wholly-owned subsidiary, Investar Bank, National Association, Baton Rouge, Louisiana (“Investar Bank”), completed its previously announced acquisition and assumption of certain assets, deposits and other liabilities associated with the Alice, Texas and Victoria, Texas locations of PlainsCapital Bank, a wholly-owned subsidiary of Hilltop Holdings Inc. In connection with the acquisition, which was completed on February 21, 2020, Investar Bank acquired approximately $46 million in loans and approximately $37 million in customer deposits. In addition, Investar Bank acquired substantially all the fixed assets at the branch locations, and assumed the leases for the branch facilities. “We are excited for the opportunity to welcome these new Texas customers to Investar Bank, as we strengthen our franchise and expand services into these two additional Texas Show less Read more
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