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.
