Transaction Overview

Investar Holding Corporation (“Investar”) (NASDAQ: ISTR), the parent holding company of Investar Bank, National Association, today announced the completion of a private placement of $20.0 million in aggregate principal amount of its 5.125% Fixed-to-Floating Subordinated Notes due 2032 (the “Notes”).

The Notes will initially bear interest at a rate of 5.125% per annum from and including April 5, 2022, to but excluding April 15, 2027, with interest during this period payable semi-annually in arrears. From and including April 15, 2027, to but excluding April 15, 2032 or an earlier redemption date, the interest rate will reset quarterly to an annual floating rate equal to the then current three-month term Secured Overnight Financing Rate, plus 277 basis points, with interest during this period payable quarterly in arrears. Investar may redeem the Notes, in whole or in part, on or after April 15, 2027, or at any time upon the occurrence of certain events. The Notes are not subject to redemption at the option of the holders. The Notes are structured to qualify as tier 2 capital for regulatory capital purposes.

About Investar Holding Corporation

Investar Holding Corporation, headquartered in Baton Rouge, Louisiana, provides full banking services, excluding trust services, through its wholly-owned banking subsidiary, Investar Bank, National Association. At December 31, 2021, the Company had total assets of approximately $2.5 billion. The bank currently operates 34 branches serving Louisiana, Texas and Alabama.

Contact us for more information

Greg Gersack

Head of Equity Capital Markets

Contact Greg Gersack

Lozan Aleksandrov

Managing Director, Equity Capital Markets

Contact Lozan Aleksandrov

For more information about Janney, please see Janney’s Relationship Summary (Form CRS) on www.janney.com/crs which details all material facts about the scope and terms of our relationship with you and any potential conflicts of interest.

To learn about the professional background, business practices, and conduct of FINRA member firms or their financial professionals, visit FINRA’s BrokerCheck website: http://brokercheck.finra.org/