Investar Holding completes Wichita Falls Bancshares acquisition

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TipRanks

Sat, January 3, 2026 astatine 6:50 AM CST 1 min read

Investar Holding (ISTR) announced the completion of its acquisition of Wichita Falls Bancshares. An Agreement and Plan of Merger relating to the acquisition was antecedently announced successful July. The acquisition became effectual arsenic of January 1. All of the issued and outstanding shares of Wichita Falls communal banal were converted into aggregate merger information consisting of $7.2M successful currency and 3,955,334 shares of Company communal banal for an aggregate transaction worth of astir $112.9M. This worth is based connected the Company’s closing banal terms connected December 31, of $26.72 per communal share. Additionally, David Flack and James Dunkerley, 2 erstwhile directors of Wichita Falls and FNB, were appointed to the Board of Directors of the Company and the Bank upon completion of the acquisition.

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