Deal Snapshot
INVESTAR HOLDING CLOSES USD 45.8M ACQUISITION OF LOUISIANA´S CITIZENS BANCSHARES
Wednesday 05 July 2017

Louisiana, US-based bank holding company Investar Holding Corp. (NASDAQ: ISTR) has closed the acquisition of Citizens Bancshares, Inc., the parent company for Citizens Bank in Ville Platte, Louisiana, the company said.
On 8 March 2017, the company announced that it had entered into an agreement and plan of Reorganization with Citizens. At 31 March 2017, Citizens had total assets of USD 254.3m, gross loans of USD 128.8m, and total deposits of USD 216.5m. On 14 June 2017, the company announced that it has received approvals from the Federal Reserve Board, the FDIC and the Louisiana OFI to acquire Citizens.


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Details
Date Published: 05/07/2017
Target: Citizens Bancshares
Country: USA
Deal Size: 45.8m (USD)
Sector: Banking/Financial Services
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor:
Buyer: Investar Holding Corp
Buyer Advisor: Sandler O, ´Neill and Partners , Fenimore, Kay, Harrison and Ford
Comment:


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