Investar Welcomes Michael DePaul as Financial Planning & Analysis Director
December 14, 2020
Baton Rouge, La. – Investar Bank, National Association (“Investar”) recently hired Michael “Mike” DePaul as its Financial Planning and Analysis Director, Senior Vice President. DePaul has 36 years of finance and accounting experience. He joins Investar most recently from SIF Consultants of Louisiana, which is the service company for LUBA Casualty Insurance Company where DePaul was the Chief Operating Officer for 10 years. Prior to that he was the Chief Financial Officer (CFO) for eight years with SIF Consultants of Louisiana.
In the role of Financial Planning and Analysis Director, DePaul will assist with the forecasting of financial information to support overall strategy and decision making. He will be responsible for developing the annual budget to enhance efficiencies in operational standards and effectiveness. DePaul will also support corporate development including merger and acquisition initiatives.
“I am very excited to have Mike join the Investar team. He brings a wealth of leadership experience over his tenured career,” Chris Hufft, Chief Financial Officer, EVP, Investar, said. “Investar will benefit from Mike’s leadership that will drive financial efficiencies for the company,” continued Hufft.
DePaul holds a Bachelor of Science degree in management with a concentration in accounting from Tulane University. He also holds a Certified Public Accountant (CPA) certification with the State of Louisiana.
Photo Caption: Michael DePaul, Financial Planning and Analysis Director/SVP
Investar Holding Corporation (NASDAQ: ISTR), parent company of wholly-owned subsidiary Investar Bank, National Association (“Investar”), had total assets of approximately $2.3 billion as of September 30, 2020. Investar is a full-service community bank headquartered in Baton Rouge, La. offering extensive banking products and services for individuals and businesses for nearly 15 years. The Bank has 31 branches serving several markets across South Louisiana, Texas and Alabama. Investar Bank NMLS ID# 481188. Equal Housing Lender. Member FDIC. To learn more, visit www.InvestarBank.com.