HOUSTON, Oct. 7, 2015 (GLOBE NEWSWIRE) -- Allegiance Bancshares, Inc. (NASDAQ:ABTX) ("Allegiance"), the holding company of Allegiance Bank, a Texas state chartered bank, announced today the pricing of its initial public offering of 2,600,000 shares of common stock at $21.00 per share for gross proceeds of approximately $54.6 million. Shares are expected to begin trading tomorrow, October 8, 2015, on the NASDAQ Global Market under the ticker symbol "ABTX."
Allegiance has granted the underwriters for the offering a 30-day option to purchase up to an additional 390,000 shares of common stock to cover overallotments, if any. Robert W. Baird & Co. Incorporated and Stephens Inc. are serving as joint bookrunners for the offering. Keefe, Bruyette & Woods, Inc. and Sandler O'Neill + Partners, L.P. are serving as co-managers for the offering.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on October 7, 2015. The offering is being made only by means of a prospectus. Copies of the prospectus relating to the initial public offering may be obtained for free by visiting the Securities and Exchange Commission website at http://www.sec.gov.
Alternatively, a copy of the prospectus relating to the initial public offering, when available, may be obtained from: Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 East Wisconsin Avenue, Milwaukee, WI 53202, Telephone: 800-792-2413, Email: firstname.lastname@example.org or Stephens Inc., Attention: Prospectus, 111 Center Street, Little Rock, AR 72201, Telephone: 501-377-2131, Email: email@example.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.
About Allegiance Bancshares, Inc.
Allegiance Bancshares is a Houston, Texas based bank holding company. Through its wholly owned subsidiary, Allegiance Bank, Allegiance provides a diversified range of commercial banking services primarily to Houston metropolitan area-based small to medium-sized businesses and individual customers. Allegiance Bank operates 16 full-service banking locations in the Houston metropolitan area and two full-service banking locations in Central Texas. As of June 30, 2015, Allegiance had total assets of $1.95 billion, total loans of $1.56 billion and total deposits of $1.63 billion. Visit www.allegiancebank.com for more information.
CONTACT: Allegiance Bancshares, Inc. firstname.lastname@example.org
Source:Allegiance Bancshares, Inc.