Allegiance Bancshares, Inc. and CBTX, Inc. Announce Regulatory Approvals for Merger of Equals
CBTX, Inc. (CBTX)
Last cbtx, inc. earnings: 4/30 06:00 am
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US:NASDAQ Investor Relations:
ir.cbtxinc.com/investor-relations
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Source: GlobeNewswire
HOUSTON, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Allegiance Bancshares, Inc. (NASDAQ: ABTX) (“Allegiance”), the holding company of Allegiance Bank, and CBTX, Inc. (NASDAQ: CBTX) (“CBTX”), the holding company of CommunityBank of Texas, N.A., today jointly announced receipt of regulatory approval from the Board of Governors of the Federal Reserve System to complete the previously announced merger of equals. This approval follows prior approvals from the Federal Deposit Insurance Corporation, the Texas Department of Banking and the shareholders of both companies. No further regulatory approvals are required to complete the merger of Allegiance and CBTX. Upon closing, the merger will create a premier Texas banking franchise with the scale and capabilities to provide extraordinary service to a broad range of business and consumer customers throughout the Houston region and beyond. Allegiance and CBTX expect to complete the merger on or about October 1, 2022, pending satisfaction or waiver
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