Investar Holding Corp, publicly traded under the symbol ISTR, is a holding company for Investar Bank, a community-oriented commercial bank primarily serving the state of Louisiana, along with Texas and Alabama regions of the United States. It is known for its comprehensive suite of financial services, with the mission to provide exceptional value-based personal service to its customers.
Founded in 2006, Investar Holding Corp has demonstrated consistent growth, both organically and through strategic acquisitions. The company strategically decided to become a bank holding company in 2013, and it undertook an initial public offering in 2014. This key transition has fueled its growth further and broadened its capacity to generate revenue.
The bank provides a variety of appealing commercial banking products to various types of businesses, such as interest-bearing checking, savings, and money market accounts, and commercial loans, including commercial real estate loans, commercial and industrial loans, construction loans, and consumer loans. The bank is also committed to serving individual customers by offering appealing personal banking services like mortgage loans and personal loans.
Investar Holding Corp is also committed to leveraging cutting-edge banking technology. It offers convenient online and mobile banking options to its customers, allowing them to manage their accounts, make transfers, pay bills, and deposit checks remotely.
Investar Holding Corp follows a community banking model, which allows it to personalize its service based on each region's unique needs. The emphasis is on establishing and maintaining long-term relationships, a strategy that has helped the bank build a substantial and loyal customer base.
The company's growth strategy aims to increase its market share in its existing markets and expand into other markets with similar characteristics. This growth has been driven by a combination of organic growth, strategic acquisitions, and proactive response to changing market conditions.
Beyond banking, Investar Holding Corp has demonstrated a notable commitment to the communities in which it operates. It invests in its communities, not just financially but also through volunteer service and leadership.
As of its latest financial reports, Investar Holding Corp has shown resilience in the face of an economic downturn due to the pandemic, which speaks volumes about its strategic planning and risk management capabilities. This sets the company apart as a promising, dynamic, and customer-centric banking partner.