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…

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