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Announced

Completed

Allegiance Bank completed the merger with CommunityBank of Texas.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Single Bidder

Acquisition

Banks

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financial services

Domestic

United States

Majority

bank

Merger

Completed

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Synopsis

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Allegiance Bank, a full-service Houston community bank, completed the merger with CommunityBank of Texas, a company wich provides personal and commercial banking services. Allegiance and CBTX form Stellar Bancorp. Financial terms were not disclosed. “This transaction is a true merger of equals, combining the best of our highly-respected community banks which better positions us to serve our customers and drive enhanced financial performance. Our companies complement each other beautifully and the combined company will be a formidable competitor across our markets,” Steve Retzloff, Allegiance CEO.

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