M&A Deal Summary

Investar Brilliant Bank Acquires BOJ Bancshares

On August 7, 2017, Investar Brilliant Bank acquired financial services company BOJ Bancshares for 22M USD

Acquisition Highlights
  • This is Investar Brilliant Bank’s 2nd transaction in the Financial Services sector.
  • This is Investar Brilliant Bank’s 3rd largest (disclosed) transaction.
  • This is Investar Brilliant Bank’s 2nd transaction in the United States.
  • This is Investar Brilliant Bank’s 2nd transaction in Louisiana.

M&A Deal Summary
Date 2017-08-07
Target BOJ Bancshares
Sector Financial Services
Buyer(s) Investar Brilliant Bank
Deal Type Add-on Acquisition
Deal Value 22M USD
Advisor(s) Kantrow, Spaht, Weaver, & Blitzer (KSWB) (Legal)

Target

BOJ Bancshares

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

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Buyer(S) 1

Buyer

Investar Brilliant Bank

Baton Rouge, Louisiana, United States
Category Company
Founded 2006
Sector Financial Services
Employees323
Revenue 82M USD (2023)
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 2 of 3
Sector (Financial Services) 2 of 3
Type (Add-on Acquisition) 1 of 2
State (Louisiana) 2 of 2
Country (United States) 2 of 3
Year (2017) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-08 Citizens Bancshares

Ville Platte, Louisiana, United States

Citizens Bancshares, Inc. is a provider of financial services in US.

Buy $46M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-25 Cheaha Financial Group

Oxford, Alabama, United States

Cheaha Financial Group is a holding company for Cheaha Bank that provides all banking needs, whether large or small. The company has the modern technology of internet banking, 24-hour telephone banking, and ATM/Debit card access, it is committed to providing personal and friendly customer service within the local bank office. The bank offers several options for checking, savings, and money market accounts, as well as Individual Retirement Accounts and Certificates of Deposit.

Buy $41M
Mergr

Product

Company

Legal