BATON ROUGE, La., March 22, 2017 (GLOBE NEWSWIRE) — Investar Holding Corporation (“Investar”) (Nasdaq:ISTR), the parent holding company of Investar Bank, today announced the closing of its underwritten public offering of 1,623,530 shares of its common stock at a price to the public of $21.25 per share, including 211,765 shares of common stock issued upon the exercise of the underwriters’ purchase option.
Sandler O’Neill + Partners, L.P. served as the sole book-running manager for the offering, Raymond James & Associates, Inc. served as lead manager, and Hovde Group, LLC and Piper Jaffray served as co-managers.
Investar expects to use the net proceeds from the common stock offering for general corporate purposes, including investments in Investar Bank and potential strategic acquisitions.
This press release will not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.A registration statement relating to these securities has been filed with the Securities and Exchange Commission and is effective, and the offering is being made only by means of a prospectus.A written prospectus for this offering may be obtained without charge by visiting the SEC’s website at www.sec.gov, or may be obtained from Sandler O’Neill + Partners, L.P., 1251 Avenue of the Americas, 6th Floor, New York, New York 10020, Attn: Syndicate Operations, Telephone Number: 1-866-805-4128.
About Investar
Investar Holding Corporation, headquartered in Baton Rouge, Louisiana, provides full banking services, excluding trust services, through its wholly-owned banking subsidiary, Investar Bank, a state chartered bank.Investar’s primary market is South Louisiana and it currently operates 10 full service banking offices located throughout its market.At December 31, 2016, Investar had 152 full-time equivalent employees.
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