Investar Holding Corporation has agreed to acquire Wichita Falls Bancshares, Inc. in a transaction valued at approximately $85.5 million, leveraging synergies to enhance market presence and operational efficiency.

Target Information

Wichita Falls Bancshares, Inc. is the holding company for First National Bank, which boasts assets totaling approximately $1.6 billion. The bank provides a range of financial services and has established itself as a key player in the banking sector of its region. This acquisition highlights the strategic growth aspirations of both companies involved, as Wichita Falls seeks to expand its reach and operational capabilities.

Investar Holding Corporation, the parent entity of Investar Bank, N.A., currently manages assets worth about $2.7 billion. This acquisition marks a significant milestone for Investar as it continues to enhance its market presence and service offerings within the financial services industry.

Industry Overview

In recent years, the banking industry in the United States has witnessed notable consolidation, particularly among mid-sized regional banks. This trend has resulted from increasing regulatory pressu