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Financial Advisor

CBTX, Inc.

$1.5 Billion 11/08/2021 Depository Pending
Public Companies
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Transaction Details

  • On November 8, 2021, CBTX, Inc. (NASDAQ: CBTX) (“CBTX”), the parent company of CommunityBank of Texas, N.A. and Allegiance Bancshares, Inc. (NASDAQ: ABTX) (“Allegiance”), the holding company of Allegiance Bank, jointly announced today that they have entered into a definitive agreement pursuant to which the companies will combine in an all-stock merger of equals
  • The transaction creates a combined company with an equity market capitalization of approximately $1.5 billion and the 17th largest deposit market share in the State of Texas
  • Under the terms of the definitive merger agreement, Allegiance shareholders will receive 1.4184 shares of CBTX common stock for each share of Allegiance common stock they own
  • CBTX shareholders will own approximately 46% and Allegiance shareholders will own approximately 54% of the combined company
Sources: Company Investor Presentation, Company Press Release and S&P Global Market Intelligence
  1. 1) Pro forma combined market capitalization as of November 5, 2021

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