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Investar Holding Corporation Declares Quarterly Cash Dividend

Investar Holding Corporation Announces Acquisition Approvals


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BATON ROUGE, La., March 17, 2021 (GLOBE NEWSWIRE) Investar Holding Corporation (the Company ) (NASDAQ:ISTR), the holding company of Investar Bank, National Association (the Bank ), today announced that it has received the necessary shareholder and regulatory approvals for its previously announced, pending acquisition of Cheaha Financial Group, Inc. ( Cheaha ), the holding company for Cheaha Bank in Oxford, Alabama. The Company also provided an update regarding expected timing for completion of the acquisition.
On January 25, 2021, the Company announced that it had entered into an Agreement and Plan of Reorganization (the Merger Agreement ) with Cheaha, dated January 21, 2021. At December 31, 2020, Cheaha Bank had approximately $236 million in assets, $126 million in net loans, and $202 million in deposits. Cheaha Bank offers a full range of banking products and services to the individuals and small businesses from four branch locations in Calhoun County, Alab ....

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