Top Headlines: Investar Bank Plans to Acquire Cheaha Financial Group, Thousands Flock to Buc-ee’s Opening

Investar Bank plans (again) to acquire Cheaha Financial Group
Baton Rouge-based Investar Bank plans to acquire Oxford’s Cheaha Financial Group for $41.1 million. This comes after a previous agreement between the groups fell through in late June. The deal is expected to close by the second quarter of this year. – The Advocate

Auto parts supplier expanding to Bessemer
Valeo North America, a top auto parts supplier, has announced a $5 million facility in Bessemer that’s expected to create 70 jobs. The new plant is expected to be at full production by June. – Birmingham Business Alliance

Birmingham rent prices rise about 3% over year
A median one-bedroom rental in Birmingham is $800 and two-bedroom rental is $942, a 3.2% year-over-year growth in December 2020. Nationwide, those same numbers dropped by 1.5%. – Patch

Thousands flock to Buc-ee’s opening
Several thousand people visited Buc-ee’s in Leeds on Monday, opening day for the convenience store’s second Alabama location. The store and its 120 gas pumps occupy more than 53,250 square feet. –

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