M&A Deal Summary

Investar Brilliant Bank Acquires Citizens Bancshares

On March 8, 2017, Investar Brilliant Bank acquired financial services company Citizens Bancshares from First Interstate Bank for 46M USD

Acquisition Highlights
  • This is Investar Brilliant Bank’s 1st transaction in the Financial Services sector.
  • This is Investar Brilliant Bank’s largest (disclosed) transaction.
  • This is Investar Brilliant Bank’s 1st transaction in the United States.
  • This is Investar Brilliant Bank’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2017-03-08
Target Citizens Bancshares
Sector Financial Services
Buyer(s) Investar Brilliant Bank
Sellers(s) First Interstate Bank
Deal Type Divestiture
Deal Value 46M USD
Advisor(s) McGlinchey Stafford (Legal)

Target

Citizens Bancshares

Ville Platte, Louisiana, United States
Citizens Bancshares, Inc. is a provider of financial services in US.

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Buyer(S) 1

Buyer

Investar Brilliant Bank

Baton Rouge, Louisiana, United States

website

Category Company
Founded 2006
Sector Financial Services
Employees331
Revenue 108M USD (2022)
DESCRIPTION

Investar Brilliant Bank is a provider of full banking services, excluding trust services, through its wholly-owned banking subsidiary, Investar Bank, a state chartered bank. The Company’s primary market is South Louisiana and it currently operates 10 full service banking offices located throughout its market. Investar Brilliant Bank was founded in 2006 and is based in Baton Rouge, Louisiana.

DEAL STATS #
Overall 1 of 3
Sector (Financial Services) 1 of 3
Type (Divestiture) 1 of 1
State (Louisiana) 1 of 2
Country (United States) 1 of 3
Year (2017) 1 of 2
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-07 BOJ Bancshares

Jackson, Louisiana, United States

BOJ Bancshares, Inc. is a provider of financial services. BOJ Bancshares is based in Jackson, Louisiana.

Buy $22M

Seller(S) 1

SELLER

First Interstate Bank

Billings, Montana, United States

website

Category Company
Founded 1971
Sector Financial Services
Employees3,783
Revenue 1.1B USD (2022)
DESCRIPTION

First Interstate Bank is a financial holding company headquartered in Billings, Montana. It is the parent company of First Interstate Bank, a community bank offering a full range of internet, mobile and other banking and financial services throughout Montana, Wyoming, and South Dakota. First Interstate Bank was founded in 1971 and is based in Billings, Montana.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Divestiture) 2 of 2
State (Louisiana) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-17 Cascade Bancorp.

Bend, Oregon, United States

Cascade Bancorp. is a community bank in the Pacific Northwest operating under the name of Bank of the Cascades. Cascade offers full-service community banking through over 30 branches in Central Oregon, Southern Oregon, Portland/Salem and Boise/Treasure Valley.

Buy $589M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-18 Northwest Bancorporation

Spokane, Washington, United States

Northwest Bancorporation, Inc. is specializes in meeting the financial needs of individuals and small to medium-sized businesses, including professional corporations, by providing a full line of commercial, retail, mortgage and private banking products and services.

Buy $17M
Mergr

Product

Company

Legal