The Bank Slate

INSIGHTS INTO THE BANKING INDUSTRY

Investar to sell two branches in south Texas

Investar Bancorp in Baton Rouge, La., has agreed to sell two branches in south Texas to First Community Bank in Corpus Christi, Texas. 


The $2.6 billion-asset Investar said in a press release that it expects to sell the locations in the first quarter. 

“We expect that the sale will permit us to focus more on our core markets,” the release said. 

The branches â€“ in Alice and Victoria – had $34 million of deposits in mid-2021, according to the most-recent data from the Federal Deposit Insurance Corp. 

Investar closed two branches and sold two former locations and a tract of land during the second quarter.

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