Investar Holding completes Wichita Falls Bancshares acquisition

Acquisition Details - Investar Holding (ISTR) has completed the acquisition of Wichita Falls Bancshares, which was initially announced in July [1] - The acquisition became effective on January 1, with all issued and outstanding shares of Wichita Falls common stock converted into a total merger consideration of $7.2 million in cash and 3,955,334 shares of Investar common stock [1] - The total transaction value is approximately $112.9 million, based on Investar's closing stock price of $26.72 per share on December 31 [1] Board Appointments - Following the acquisition, David Flack and James Dunkerley, former directors of Wichita Falls and FNB, have been appointed to the Board of Directors of Investar and the Bank [1]