May 20, 2014 07:35
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Investar Bank's holding company filed paperwork with the U.S. Securities and Exchange Commission for an initial public offering of the bank's common stock.

 
Investar Bank's Lafayette location on Ambassador Caffery Pkwy  

Investar Bank's holding company has filed paperwork with the U.S. Securities and Exchange Commission for an initial public offering of the bank's common stock.

According to a press release issued Friday, the public offering is pending approval by the Securities and Exchange Commission. Once done, the company's stock will be traded under the "ISTR" symbol on the NASDAQ Global Market.

Sandler O'Neill & Partners was selected by Investar to operate as the sole book-running manager for the offering, with Sterne, Agee & Leach serving as co-lead manager.

The offering will be made only through a prospectus, which once available, can be obtained by contacting Sandler O'Neill & Partners.

Investar Bank has 10 branches, including one in Lafayette, and total assets of $673 million as of March 31.

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