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Investar would acquire a bank with two branches in southeastern Louisiana.
January 28 -
A former chief executive of First Community Bank has been sentenced to two years in federal prison for running a mortgage-fraud scheme that cost the Hammond, La., bank millions.
April 5
Investar Bank in Baton Rouge, La., is getting ready to go public.
The $530 million-asset bank said last week that it plans to hold a shareholders meeting on Oct. 31 to approve the creation of a holding company and a conversion to a public ownership structure. The Federal Reserve Board approved Investar's conversion on Sept. 5, the bank said.
In connection with the conversion, Investar plans to sell about $40 million of stock through an underwritten offering. Investar said it would use the money to fund growth.
Investar