Investar Holding Corporation, the holding company of Investar Bank, National Association, has finalized the acquisition of Wichita Falls Bancshares, Inc.
The acquisition includes the conversion of Wichita Falls common stock into cash and Company common stock.
Key personnel from Wichita Falls and FNB have joined the Board of Directors of the Company and the Bank post-acquisition.
Acquisition Completion
The acquisition of Wichita Falls Bancshares, Inc. has been successfully completed as of January 1, 2026.
Transaction Value
The total transaction value amounts to approximately $112.9 million, including cash and Company common stock components.
Board of Directors Expansion
Former directors of Wichita Falls and FNB, David Flack and James Dunkerley, have been appointed to the Board of Directors of Investar Holding Corporation.
- Investar expands its market reach into the north Dallas and Wichita Falls regions through the acquisition of First National Bank.
- The acquisition aligns with Investar's strategy of multi-state expansion and enhances shareholder value through the combination of two community banks.
Investar Holding Corporation's acquisition of Wichita Falls Bancshares, Inc. marks a strategic move to extend its presence and strengthen its position in the banking sector. The addition of key personnel and expansion into new markets showcases Investar's commitment to growth and value creation.