secwatch.observer — SEC 8-K summary
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Issuer:     Investar Holding Corp (ISTR)
CIK:        0001602658
Form:       8-K
Filed at:   2022-07-19T23:59:59+00:00
Accession:  0001437749-22-017283
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1602658/000143774922017283/0001437749-22-017283-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1602658/000143774922017283/istr20220713_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-017283

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer