Investar Bank is a regional bank with its headquarters located in Baton Rouge, Louisiana. The bank was founded in 2006 and has since grown to become one of the largest community banks in the Gulf South region of the United States. Investar Bank is committed to providing a broad range of financial products and services to its customers, including personal and business banking, mortgage lending, wealth management, and treasury management services.
Investar Bank's mission is to be the leading community-focused bank in the Gulf South, providing exceptional customer service, innovative products, and local decision-making to help customers achieve their financial goals. The bank's core values include integrity, teamwork, customer focus, innovation, and community involvement. These values guide the bank's daily operations and help it to achieve its goals while maintaining its commitment to the communities it serves.
One of Investar Bank's key strengths is its focus on building strong relationships with its customers. The bank understands that every customer is unique, with different financial needs and goals, and it works hard to provide personalized solutions that meet those needs. Whether it's a small business owner looking for financing to expand their business, a first-time homebuyer seeking a mortgage, or an individual looking for wealth management services, Investar Bank has a team of experienced professionals ready to help.
Investar Bank also offers a range of digital banking services, including online and mobile banking, to make banking more convenient for its customers. With online banking, customers can check account balances, view transaction history, transfer funds, pay bills, and more, all from the comfort of their own home or office. Mobile banking allows customers to access their accounts from their smartphone or tablet, making banking even more convenient.
In addition to its focus on customer service, Investar Bank is also committed to giving back to the communities it serves. The bank supports a range of local organizations and charities through its Investar Bank Community Foundation. The foundation provides grants to support education, health and wellness, and community development initiatives, among other causes.
Investar Bank has also been recognized for its commitment to excellence. In 2020, the bank was named a "Best Bank to Work For" by American Banker magazine, recognizing the bank's focus on employee engagement and development. Investar Bank has also received numerous awards for its financial performance, including being named a "Super Premier Performing Bank" by The Findley Reports in 2020.
Investar Bank has a strong financial position, with total assets of $2.4 billion as of December 31, 2020. The bank's net income for the full year 2020 was $20.7 million, an increase of 17.3% from the previous year. The bank's loan portfolio totaled $1.8 billion, with commercial real estate loans making up the largest segment at $1.1 billion. The bank's deposit base was also strong, with total deposits of $2.1 billion at the end of 2020.
Investar Bank faces competition from other banks in the Gulf South region, as well as from larger national banks that operate in the area. To remain competitive, the bank must continue to focus on customer service, product innovation, and community involvement. The bank's strong financial position and commitment to excellence provide a solid foundation for future growth and success.
In conclusion, Investar Bank is a community-focused bank with a strong commitment to customer service, innovation, and community involvement. The bank has a range of financial products and services to meet the needs of its customers, and its focus on building strong relationships has helped it to become one of the largest community banks in the Gulf South region. Investar Bank's strong financial position and commitment to excellence provide a solid foundation for future growth and success.
