Investar Bank Receives Regulatory Approval to Convert to a National Bank Charter
Baton Rouge, La. – Investar Holding Corporation's wholly-owned banking subsidiary, Investar Bank (the “Bank”), has received the necessary regulatory approvals from the Office of the Comptroller of the Currency (OCC) and the Louisiana Office of Financial Institutions (OFI) to convert from a Louisiana state bank charter to a national bank charter. The conversion of the Bank to a national bank charter is expected to become effective at the opening of business on Monday, July 1, 2019. At such time, the Bank will operate as a national bank and its name will change to “Investar Bank, National Association.”
Investar Holding Corporation (NASDAQ: ISTR), parent company of wholly-owned subsidiary Investar Bank, had total assets of approximately $2 billion as of March 31, 2019. Investar Bank is a full-service community bank headquartered in Baton Rouge, La. offering extensive banking products and services for individuals and businesses for over 10 years. The Bank serves several markets across South Louisiana with 24 branches: the Baton Rouge area (Baton Rouge, Central, Denham Springs, Port Allen, Gonzales, Prairieville, Jackson, Slaughter, St. Francisville, Zachary), Hammond, the Acadiana area (Lafayette, Ville Platte, Mamou, Pine Prairie) and the New Orleans area (Metairie, Elmwood, Mandeville) and three branches in Texas (Houston, Texas City, Dickinson). Investar Bank NMLS ID# 481188. Equal Housing Lender. Member FDIC. To learn more, visit www.InvestarBank.com.