Investar Holding Corporation Acquires Cheaha Financial Group, Inc. (Cheaha Bank)
January 25, 2021
Investar Holding Corporation entered into a definitive agreement to acquire Cheaha Financial Group, Inc. and its wholly-owned subsidiary Cheaha Bank for $80.00 per share, valuing the transaction at approximately $41.1 million. The deal, which expands Investar's footprint into eastern Alabama (Oxford) and bolsters its deposit base, is expected to close in early Q2 2021 subject to regulatory and shareholder approvals.
- Buyers
- Investar Holding Corporation
- Targets
- Cheaha Financial Group, Inc., Cheaha Bank
- Sellers
- Shareholders of Cheaha Financial Group, Inc.
- Industry
- Financial Services
- Location
- Alabama, United States
- Transaction Type
- Buyout
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.