Investar Bank Expands its Footprint by Announcing Agreement to Acquire Mainland Bank, Texas City, Texas, with Locations in Texas City, Houston and Dickinson

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Oct 10, 2018
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BATON ROUGE, La., Oct. 10, 2018 (GLOBE NEWSWIRE) -- Investar Holding Corporation (Nasdaq:ISTR) (“Investar”), and its wholly-owned subsidiary, Investar Bank, Baton Rouge, Louisiana (“Investar Bank”), today announced that they have entered into a definitive agreement (the “Agreement”) to acquire Mainland Bank, a Texas state bank headquartered in Texas City, Texas (“Mainland Bank”). The transaction, which has been approved by each company’s board of directors, is expected to close in the first quarter of 2019 and is subject to customary closing conditions, including obtaining the approval of Mainland Bank’s shareholders and bank regulatory authorities.