Allegiance Bancshares to acquire another Houston bank


Houston-based Allegiance Bancshares Inc. (Nasdaq: ABTX) — the holding company of Allegiance Bank, the largest community bank in the Bayou City — will acquire another major local bank.

Allegiance announced April 30 that it will acquire Houston-based Post Oak Bancshares Inc., the holding company of Post Oak Bank NA, in an all-stock transaction. The deal is expected to close during the fourth quarter of 2018, according to the April 30 press release.

Allegiance will issue 0.7017 shares of its…

Previous Why this community bank is looking for growth beyond the East Bay
Next Prologis, commercial real estate giant with Denver ties, snaps up competitor for $8.4 billion

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *