Investar Holding Corporation, a Louisiana corporation incorporated in 2009,
is a financial holding company headquartered in Baton Rouge, Louisiana that
conducts its operations primarily through its wholly-owned subsidiary, Investar
Bank (the “Bank”), a Louisiana commercial bank, chartered in 2006.
Through the Bank, the Company offers a wide range of commercial banking products
tailored to meet the needs of individuals and small to medium-sized businesses.
The primary markets served are Baton Rouge, New Orleans, Hammond and Lafayette,
Louisiana, and their surrounding metropolitan areas. These markets are served
from our main office located in Baton Rouge and from ten additional full service
branches located throughout our market areas.
Management believes that the current markets present a significant opportunity
for growth and franchise expansion, both organically and through strategic acquisitions.
Although the financial services industry is rapidly changing and intensely competitive,
and likely to remain so, we believe that the Bank competes effectively as a
local community bank and possesses the consistency of local leadership, the
availability of local access and responsive customer service, coupled with competitively-priced
products and services, necessary to successfully compete with other financial
institutions for individual and small to medium-sized business customers.
General. We offer a full range of commercial and retail lending products throughout
our market areas, including business loans to small to medium-sized businesses
as well as loans to individuals. Our business lending products include owner-occupied
commercial real estate loans, construction loans and commercial and industrial
loans, such as term loans, equipment financing and lines of credit, while our
loans to individuals include first and second mortgage loans, installment loans,
auto loans and lines of credit. For business customers, we target businesses
with $10 million in annual revenue or less but do not focus on any particular
industry. We also target professional organizations such as law firms, accounting
firms and medical practices.
Management considers all of our operations to be aggregated in one reportable
operating segment, and accordingly no separate segment disclosures are presented
in this report. Please refer to our audited consolidated financial statements
and the notes thereto in Item 8, Financial Statements and Supplementary Data,
for information with respect to our revenues from external customers, profit
or loss and total assets for the last three years. Neither we nor the Bank have
any foreign operations.
Lending Activities. Income generated by our lending activities represents a
substantial portion of our total revenue.
Deposits. We offer a broad base of deposit products and services to our individual
and business clients, including savings, checking, money market and NOW accounts,
debit cards and mobile banking with smartphone deposit capability, as well as
a variety of certificates of deposit and individual retirement accounts. For
our business clients, we offer a competitive suite of cash management products
which include, but are not limited to, remote deposit capture, electronic statements,
positive pay, ACH origination and wire transfer, investment sweep accounts and
enhanced business internet banking.
Other Banking Services. Investar Bank’s other banking services include
cashiers’ checks, direct deposit of payroll and Social Security checks,
night depository, bank-by-mail, automated teller machines with deposit automation
and debit cards. We have also associated with nationwide networks of automated
teller machines, enabling the Bank’s customers to use ATMs throughout
Louisiana and other regions.
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