Allegiance Bank completed the merger with CommunityBank of Texas.

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.