Investar Bank, National Association Agrees to Sell Two South Texas Branches to First Community Bank
July 18, 2022
Pursuant to the related purchase and assumption agreement, First Community is expected to acquire approximately
"We expect that this sale of our South Texas branches will permit us to focus more on our core markets," said
Completion of the branch sale remains subject to regulatory approval and other customary closing conditions contained in the purchase and assumption agreement. The pending sale is expected to close in the first quarter of 2023. Customers of these branches will receive additional information in the coming months.
This press release may include forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon current expectations and assumptions about our business that are subject to a variety of risks and uncertainties that could cause the actual results to differ materially from those described in this press release. You should not rely on forward-looking statements as a prediction of future events.
Additional information regarding factors that could cause actual results to differ materially from those discussed in any forward-looking statements are described in reports and registration statements we file with the
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Chief Financial Officer
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