Business Corner
Allegiance Bancshares, Inc. and CBTX, Inc. to Combine to Create a Premier Texas Banking Franchise
Allegiance Bancshares, Inc., the holding company of Allegiance Bank, and CBTX, Inc. the parent company of CommunityBank of Texas, N.A., jointly announced today that they have entered into a definitive agreement pursuant to which the companies will combine in an all-stock merger of equals to create a combined company with an equity market capitalization of approximately $1.5 billion and the 17th largest deposit market share in the State of Texas.
According to Valerie Gibbs, Allegiance EVP, Chief C&I Officer:
“Together, we are creating a stronger organization with enhanced abilities to provide an even better banking experience.”