Allegiance Bancshares, Inc. | Stephens

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What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

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We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

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Allegiance Bancshares, Inc.

$63 Million 10/07/2015 Depository Complete
Public Companies
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Transaction Details

  • On October 7, 2015, Allegiance Bancshares, Inc. (NASDAQ: ABTX) (“Allegiance,” or the “Company”) priced an Initial Public Offering for a deal value of $54.6 million
  • The deal priced 2,600,000 shares of common stock at $21.00 per share
  • The offering consisted of 100% primary shares
  • Proceeds from the Initial Public Offering will be used to repay debt, support continued growth, including organic growth and potential future acquisitions, and for general corporate purposes
  • Stephens Inc. served as Joint Lead Bookrunner in the offering

About the company

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.

Sources: Company filings and Stephens Inc. internal data.
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    The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.