Allegiance Bancshares, Inc. and CBTX, Inc. Announce FDIC Approval of Merger of Equals

HOUSTON, June 16, 2022 (GLOBE NEWSWIRE) -- Allegiance Bancshares, Inc. (NASDAQ: ABTX) (“Allegiance”), the holding company of Allegiance Bank, and CBTX, Inc. (NASDAQ: CBTX) (“CBTX”), the holding company of CommunityBank of Texas, N.A., today jointly announced receipt of regulatory approval from the Federal Deposit Insurance Corporation (“FDIC”), which follows the recent approval from shareholders of both companies. The merger remains subject to the receipt of regulatory approvals from the Board of Governors of the Federal Reserve System and the Texas Department of Banking. We expect to close the merger in the third quarter after receipt of such approvals and the satisfaction of other customary closing conditions.