On February 21, 2024, David J. Lukinovich notified Investar Holding Corporation of his resignation from the Board of Directors of the company, effective immediately. Mr. Lukinovich?s decision to resign from the Board was not due to any disagreement with the company on any matters relating to the Company?s operations, policies or practices. On February 21, 2024, upon recommendation of the Nominating and Governance Committee of the Board, the Board appointed Anita M. Fontenot as the chairman of the Board's Audit Committee and appointed Julio A. Melara as a member of the Board's Audit Committee.

The Board has determined that Mr. Melara is independent pursuant to the director independence standards established under the NASDAQ Stock Market listing rules, meets the additional requirements for service on the Board's Audit Committee, and qualifies as an ?audit committee financial expert? under applicable SEC rules and regulations and satisfies the financial sophistication requirements under the NASDAQ Stock Market listing rules.