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Co-Manager

Allegiance Bancshares, Inc.

$40 Million 12/14/2017 Depository Complete
Public Companies
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Transaction Details

  • On December 14, 2017, Allegiance Bank (the “Bank”), a wholly owned subsidiary of Allegiance Bancshares, Inc. (“Allegiance”) (NASDAQ: ABTX), completed the $40,000,000 private placement of Fixed-to-Floating Subordinated Notes
  • The Bank intends to use the net proceeds from the offering to support its growth and for general corporate purposes
  • The Notes bear a fixed rate of 5.25% for the first 5 years, and 3-month LIBOR plus 3.03% thereafter
  • Kroll Bond Rating Agency investment grade rating of BBB
  • The Notes are intended to qualify as Tier 2 capital for bank regulatory purposes
  • Stephens served as Co-Placement Agent on the offering

About the company

Allegiance is a $2.8 billion asset 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’s super-community banking strategy was designed to foster strong customer relationships while benefiting from a platform and scale that is competitive with larger local and regional banks. Allegiance Bank operates 16 full-service banking locations and one loan production office in the Houston metropolitan area.

Sources: Company filings and publicly available information.
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