Deal Details
Initial Public Offering
Summary
Baird served as lead book-running manager to Allegiance Bancshares, Inc. on this transaction.
About
Allegiance Bancshares, Inc. (“Allegiance” or the “Company”) (NASDAQ: ABTX) recently completed an initial public offering of 2,990,000 shares of common stock at a price of $21.00 per share, generating gross proceeds of approximately $62.8 million. The Company intends to use the proceeds to repay indebtedness, support continued growth, including organic growth and potential future acquisitions, and for general corporate purposes.Allegiance is a 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. Allegiance is based in Houston, Texas.
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- Date
- October 2015
- Company
- Allegiance Bancshares, Inc.
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
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