December 24, 2019 — Investar Holding Corporation (NASDAQ:ISTR), the holding company for Investar Bank, National Association, has completed a private placement of $30 million of common stock.
The Louisiana-based firm issued 1,290,323 shares of common stock at an offering price of $23.25 per share. Investar intends to use the net proceeds from the offering to support the previously announced acquisition of Alabama-based Cheaha Financial Group, Inc. and its wholly-owned subsidiary, Cheaha Bank, and for general corporate purposes, including organic growth and other potential acquisitions.
The team from Janney included Greg Gersack, Head of Equity Capital Markets; Lozan Aleksandrov, Managing Director, Equity Capital Markets; Jerad Comarda, Director, FIG Group; and Nick Bach, Director, FIG Group.
More information is available here.
FIG Partners Is Now Part Of Janney
In June 2019, FIG Partners joined Janney Montgomery Scott LLC, a leader in middle-market financing solutions. Janney places a high value on its consistent track record of delivering solutions to clients. Janney works with clients on a highly-personalized basis, providing exceptional service, commitment and senior level attention. Click here for more information.