Investar Holding Corporation, the parent company of Investar Bank, N.A., has announced a definitive agreement to acquire Wichita Falls Bancshares, Inc., the parent company of First National Bank, Wichita Falls, Texas. The acquisition will be executed for cash and stock consideration. Concurrently, Investar has initiated a private placement of $32.5 million of its newly designated 6.5% Series A Non-Cumulative Perpetual Convertible Preferred Stock. The net proceeds from this offering are intended to support the Wichita Falls acquisition and general corporate purposes, including organic growth and potential future acquisitions. This strategic move is set to enhance Investar's community banking services, emphasizing personalized customer interactions and a shared commitment to service excellence.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Investar Holding Corporation published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1044632) on July 01, 2025, and is solely responsible for the information contained therein.
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