Two of the Capital Region’s newest community banks are now one. Shareholders of Baton Rouge-based Investar Bank and Prairieville-based South Louisiana Business Bank each approved a previously announced merger Wednesday. Having already obtained the necessary regulatory approval, the merger will become effective Oct. 1. The combined organizations will have total assets of approximately $270 million, five branches and 70 employees servicing East Baton Rouge, West Baton Rouge, Livingston and Ascension parishes. Investar was founded in 2006, while South Louisiana Business started in 2008.
Investar and South Louisiana Business banks complete merger
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