Announced
Synopsis
First Community, a bank holding company offers financial products and services, agreed to acquire Two South Texas Branches from Investar Bank, a bank holding company owning or controlling one or more banks. Financial terms were not disclosed. "We expect that this sale of our South Texas branches will permit us to focus more on our core markets. Of Investar's entire branch network, these two locations are geographically the most distant from our Louisiana headquarters. We believe our South Texas customers will be well-served by First Community following completion of the sale," John D'Angelo, Investar President and CEO.
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