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Investar prices IPO at $14, below the range

July 1, 2014

Investar, a Southern Louisiana commercial bank with ten branches, raised $40 million by offering 2.9 million shares at $14, below the range of $15 to $17. Investar plans to list on the NASDAQ under the symbol ISTR. Investar initially filed confidentially on 3/14/2014. Sandler O'Neill acted as sole bookrunner on the deal.