July 2, 2025

Investar Bank Acquires First National Bank in Dallas

News Summary

Investar Bank has announced its acquisition of First National Bank, a significant player in the Dallas market, for $83.6 million in cash and stock. This acquisition marks Investar’s largest to date and is part of their strategy to expand into Texas, enhancing their total assets to over $4 billion. The deal is set to close in the fourth quarter of 2025, bringing First National Bank’s community banking model under the Investar name while ensuring current staff remains onboard for a smooth transition.

Louisiana – Investar Bank’s parent company, Investar Holding Corp., has announced its intention to acquire First National Bank, based in Texas, in a deal valued at $83.6 million. This acquisition, which involves cash and stock to purchase Wichita Falls Bancshares, the parent company of First National Bank, signifies a pivotal moment in Investar’s expansion strategy as it continues to grow its footprint in multiple states.

To facilitate this acquisition, Investar raised $32.5 million through the sale of Class A Preferred stock. This marks the bank’s largest acquisition to date and is an integral part of their ongoing strategy to expand operations beyond their primary market. Investar’s President and CEO highlighted the significance of this deal and how it aligns with their growth vision.

With this acquisition, Investar Bank is poised to exceed $4 billion in total assets and manage $3.5 billion in deposits across 36 branches, including 10 in Texas. Currently, the bank operates 29 branches and employs 329 people across Louisiana, east Texas, and Alabama. As of March 31, 2025, Investar reported $2.3 billion in deposits and $2.7 billion in assets.

First National Bank boasts seven branches in north Texas and holds $1.2 billion in deposits along with $1.5 billion in assets. After the merger, over one-third of Investar’s assets will be based in Texas, highlighting the bank’s commitment to strengthening its presence in the Lone Star State.

This acquisition follows a history of smaller purchases by Investar, which previously focused on banks with assets of $250 million or less. The bank was founded in 2006 in Baton Rouge and started in a single-wide trailer shortly after Hurricane Katrina. Today, it ranks as the 13th largest bank in Louisiana, with less than 2% of all deposits in the state.

The merger has been unanimously approved by the boards of both banks, and the transaction is expected to close in the fourth quarter of 2025, pending regulatory and shareholder approvals. After finalization, First National Bank will operate under the Investar Bank name, ensuring continuity for its staff and customers.

By adopting First National Bank’s established community banking model, Investar is set to enhance its financial strength and resources. The acquisition could also position Investar as a more attractive target for future acquisitions, although the current priority remains on successfully merging with First National Bank.

This strategic move reflects Investar’s dedication to growth and adaptation in the competitive banking landscape, paving the way for increased operational capabilities and market reach.

Deeper Dive: News & Info About This Topic

Author: STAFF HERE GEORGETOWN

GEORGETOWN STAFF WRITER The GEORGETOWN STAFF WRITER represents the experienced team at HEREgeorgetown.com, your go-to source for actionable local news and information in Georgetown, Williamson County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Red Poppy Festival, Georgetown Swirl, and Christmas Stroll. Our coverage extends to key organizations like the Georgetown Chamber of Commerce and the Downtown Georgetown Association, plus leading businesses in manufacturing and tourism that power the local economy such as local wineries and historic downtown shops. As part of the broader HERE network, including HEREaustin.com, HEREcollegestation.com, HEREdallas.com, HEREhouston.com, HEREgeorgetown.com, and HEREsanantonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.