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Stock impact report

Investar Holding Corporation Announces Completion of Bank of York Acquisition

Investar Holding Corporation (ISTR) 
Last investar holding corporation earnings: 4/23 07:00 pm Check Earnings Report
Company Research Source: GlobeNewswire
BATON ROUGE, La., Nov. 01, 2019 (GLOBE NEWSWIRE) -- Investar Holding Corporation (Nasdaq:ISTR) (“Investar”), the holding company of Investar Bank, National Association (“Investar Bank”), today announced the completion of its acquisition of Bank of York in York, Alabama. A definitive agreement relating to the acquisition was previously announced in July 2019. The acquisition became effective as of November 1, 2019. Pursuant to the terms of the definitive agreement, Bank of York was merged with and into Investar Bank with Investar Bank as the surviving bank. Under the terms of the definitive agreement, all of the issued and outstanding shares of Bank of York common stock were converted into aggregate merger consideration of $15,000,000. Bank of York was also permitted under the terms of the agreement to make a special pre-closing cash distribution to its shareholders in an aggregate amount of approximately $1.0 million. “Investar is excited to expand our footprint into the Alabama m Show less Read more
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