0001567619-24-000102 SC 13G/A 1 20240208 20240208 BANC FUND IX L.P. TBFC FINANCIAL TECHNOLOGIES FUND L.P. Investar Holding Corp 0001602658 6022 02 Finance 271560715 LA 1231 SC 13G/A 34 005-88642 24609852 10500 COURSEY BLVD THIRD FLOOR BATON ROUGE LA 70816 225-227-2222 10500 COURSEY BLVD THIRD FLOOR BATON ROUGE LA 70816 BANC FUNDS CO LLC 0001029311 364134318 IL 1231 SC 13G/A 20 NORTH WACKER DRIVE SUITE 3300 CHICAGO IL 60606 3128554067 20 NORTH WACKER DRIVE SUITE 3300 CHICAGO IL 60606 BANC FUND IV L P 19961218 SC 13G/A 1 doc1.htm NONE -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Investar Holding Corp. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------------------------------- (Title of Class of Securities) 46134L105 -------------------------------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [x] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- CUSIP No. 46134L105 NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Banc Fund X L.P. 82-5185037 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] 2 (b) [ ] SEC USE ONLY 3 CITIZENSHIP OR PLACE OF ORGANIZATION 4 USA SOLE VOTING POWER 5 272896 SHARED VOTING POWER 6 0 SOLE DISPOSITIVE POWER 7 272896 NUMBER OF SHARES SHARED DISPOSITIVE POWER BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 8 0 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 272896 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 10 [ ] PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 2.7% TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 12 N/A FOOTNOTES -------------------------------------------------------------------------------- CUSIP No. 46134L105 NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Banc Fund IX L.P. 37-1755531 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] 2 (b) [ ] SEC USE ONLY 3 CITIZENSHIP OR PLACE OF ORGANIZATION 4 USA SOLE VOTING POWER 5 336721 SHARED VOTING POWER 6 0 SOLE DISPOSITIVE POWER 7 336721 NUMBER OF SHARES SHARED DISPOSITIVE POWER BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 8 0 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 336721 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 10 [ ] PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 3.4% TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 12 N/A FOOTNOTES -------------------------------------------------------------------------------- CUSIP No. 46134L105 NAMES OF REPORTING PERSONS 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) TBFC Financial Technologies Fund L.P. 88-1405404 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] 2 (b) [x] SEC USE ONLY 3 CITIZENSHIP OR PLACE OF ORGANIZATION 4 USA SOLE VOTING POWER 5 0 SHARED VOTING POWER 6 0 SOLE DISPOSITIVE POWER 7 0 NUMBER OF SHARES SHARED DISPOSITIVE POWER BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 8 0 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 0 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 10 [ ] PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 0% TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 12 N/A FOOTNOTES -------------------------------------------------------------------------------- Item 1. (a) Name of Issuer Investar Holding Corp. (b) Address of Issuer’s Principal Executive Offices 10500 COURSEY BLVDTHIRD FLOORBATON ROUGE LA 70816 Item 2. (a) Name of Person Filing The Banc Funds Company, L.L.C. This Schedule 13G/A is being filed jointly by Banc Fund IX L.P. ("BF IX"), an Illinois Limited Partnership, Banc Fund X L.P. ("BF X"), an Illinois Limited Partnership, and TBFC Financial Technologies Fund L.P. (collectively, the "Reporting Persons"). The general partner of BF IX is MidBan IX L.P. ("MidBan IX"), whose principal business is to be a general partner of BF IX. The general partner of BF X is MidBan X L.P. ("MidBan X"), whose principal business is to be a general partner of BF X. The general partner of TBFC Financial Technologies Fund L.P. is MidBan XI L.P. ("MidBan XI"), whose principal business is to be a general partner of TBFC Financial Technologies Fund L.P. The general partner of MidBan IX, MidBan X, and MidBan XI is The Banc Funds Company, L.L.C., ("TBFC"), whose principal business is to be a general partner of MidBan IX, MidBan X, and MidBan XI. TBFC is an Illinois corporation whose principal shareholder is Charles J. Moore. Mr. Moore has been the manager of BF IX, BF X and TBFC Financial Technologies Fund L.P., since their respective inceptions. As manager, Mr. Moore has voting and dispositive power over the securities of the issuer held by each of those entities. As the controlling member of TBFC, Mr. Moore will control TBFC, and therefore each of the Partnership entities directly and indirectly controlled by TBFC. (b) Address of Principal Business Office or, if none, Residence 150 S. Wacker Drive, Suite 2725, Chicago, IL 60606 (c) Citizenship USA (d) Title of Class of Securities Common Stock (e) CUSIP Number 46134L105 Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) [ ] An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). (k) [ ] A group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: -------------------------------------------------------------------------------- Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 609,617 (b) Percent of class: 6.1% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 609,617 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 609,617 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ] . N/A Item 6. Ownership of More than Five Percent on Behalf of Another Person. N/A Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company N/A Item 8. Identification and Classification of Members of the Group N/A Item 9. Notice of Dissolution of Group N/A -------------------------------------------------------------------------------- Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Banc Fund X L.P. Date: February 08, 2024 By: /s/ John M. Baker Name: John M. Baker Title: Member Banc Fund IX L.P. Date: February 08, 2024 By: /s/ John M. Baker Name: John M. Baker Title: Member TBFC Financial Technologies Fund L.P. Date: February 08, 2024 By: /s/ John M. Baker Name: John M. Baker Title: Member Footnotes: Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) --------------------------------------------------------------------------------