Add Investar Holding in Baton Rouge, La., to the growing list of community banks filing shelf registrations.
The $1.1 billion-asset company disclosed in a regulatory filing this week that it plans to raise $50 million through the periodic sale of various securities. The securities could include common stock, preferred stock, debt, warrants, depositary shares and units. The company said that the pricing on the securities would not be announced until they are offered. It did not disclose how it plans to use the proceeds.
At least three other publicly traded community banks have filed shelf registrations this month: Peapack-Gladstone Financial in Bedminster, N.J., First Foundation in Irvine, Calif., and Prosperity Bancshares in Houston.