Investar agrees to sell two Texas branches to First Community Bank for ~$23M loans, $27M deposits

Investar Holding Corp

Branches in Alice and Victoria, TX sold to First Community Bank (subsidiary of Coastal Bend Bancshares).
Expected to close Q1 2023, subject to regulatory approvals and customary conditions.
CEO John D'Angelo: sale enables focus on core Louisiana markets; customers will be well-served.
Performance Trust Capital Partners acted as investment banker.
Transaction not expected to have material impact on Investar's financial results.

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