HOUSTON, Oct. 14, 2015 (GLOBE NEWSWIRE) -- Allegiance Bancshares, Inc. (NASDAQ:ABTX) ("Allegiance"), the holding company of Allegiance Bank, a Texas state chartered bank, announced today that it has completed the previously announced initial public offering of 2,990,000 shares of its common stock to the public at $21.00 per share for gross proceeds of approximately $62.8 million (including 390,000 shares subject to the underwriters' over-allotment option, which was exercised in full on October 9, 2015). Allegiance's common stock began trading on the NASDAQ Global Market on October 8, under the ticker symbol "ABTX."
Robert W. Baird & Co. Incorporated and Stephens Inc. served as joint bookrunners for the offering. Keefe, Bruyette & Woods, Inc. and Sandler O'Neill + Partners, L.P. served as co-managers for the offering.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on October 7, 2015. The offering was made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained for free by visiting the Securities and Exchange Commission website at http://www.sec.gov.
Alternatively, a copy of the final prospectus relating to the offering may be obtained from: Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 East Wisconsin Avenue, Milwaukee, WI 53202, Telephone: 800-792-2413, Email: email@example.com or Stephens Inc., Attention: Prospectus, 111 Center Street, Little Rock, AR 72201, Telephone: 501-377-2131, Email: firstname.lastname@example.org.
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. email@example.com
Source:Allegiance Bancshares, Inc.