Investar Holding Corp (ISTR): M&A transaction — Investar completes $112.9M acquisition of Wichita Falls Bancshares, adds $1.2B assets

Investar Holding Corp

Aggregate consideration: 3,955,334 shares of ISTR common stock + $7.2M cash, total $112.9M.
First National Bank had $1.2B total assets, $1.0B net loans, $1.0B deposits as of Dec 31, 2025.
Assumed $9.3M in junior subordinated debentures (SOFR+3.1%, maturing 2033) and a $10M TIB note.
David Flack and James Dunkerley appointed to the boards of Investar and Investar Bank.
CEO says deal expands into north Dallas and Wichita Falls markets; aligns with multi-state strategy.

item 2.01 item 2.03 item 5.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Investar Holding Corp incurred senior notes of $9.3 million at three-month SOFR rate plus 3.1% maturing June 26, 2033.

Instrument: senior notes
Principal: $9.3 million
Rate: three-month SOFR rate plus 3.1%
Maturity: June 26, 2033
Event: incurrence

Exact text from the filing

Investar assumed WFB’s obligations with respect to an aggregate principal amount of $9.3 million of junior subordinated debentures (the “Debentures”) underlying $9.0 million in aggregate liquidation amount of trust preferred securities, comprised of (i) $6,186,000 in aggregate principal amount issued to Wichita Falls Statutory Trust I and (ii) $3,093,000 in aggregate principal amount issued to Chico Statutory Trust I.

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Investar Holding Corp incurred loan of $10.0 million with TIB, N.A. at Wall Street Journal prime rate.

Instrument: loan
Principal: $10.0 million
Counterparty: TIB, N.A.
Rate: Wall Street Journal prime rate
Event: incurrence

Exact text from the filing

Investar assumed WFB’s obligations on an unsecured basis with respect to a $10.0 million note to TIB, N.A.

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.99

Investar Holding Corp completed an acquisition involving Wichita Falls Bancshares, Inc. for 3,955,334 shares of common stock and $7.2 million in cash (closed 2026-01-01).

Action: acquisition
Counterparty: Wichita Falls Bancshares, Inc.
Consideration: 3,955,334 shares of common stock and $7.2 million in cash
Closing: 2026-01-01

Exact text from the filing

the merger of First National Bank with and into Investar Bank, with Investar Bank as the surviving bank. Under the terms of the Merger Agreement, Investar issued an aggregate of 3,955,334 shares of its common stock and $7.2 million in cash to the shareholders of WFB as consideration for the exchange of their shares of WFB common stock. The foregoing description of

View on SEC.gov

Browse all debt financings →

Investar Holding Corp filing history →

Source: SEC EDGAR

accession 0001437749-26-000650

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.