Allegiance Bancshares Prices 2.6M Share IPO @$21.00/Share

Allegiance Bancshares, Inc.

, the holding company of Allegiance Bank, a Texas state chartered bank, announced Wednesday, the pricing of its initial public offering of 2,600,000 shares of common stock at $21.00 per share for gross proceeds of approximately $54.6 million. Shares are expected to begin trading tomorrow, October 8, 2015, on the NASDAQ Global Market under the ticker symbol "ABTX."  Allegiance has granted the underwriters for the offering a 30-day option to purchase up to an additional 390,000 shares of common stock to cover overallotments, if any. Robert W. Baird & Co. Incorporated and Stephens Inc. are serving as joint bookrunners for the offering. Keefe, Bruyette & Woods, Inc. and Sandler O'Neill + Partners, L.P. are serving as co-managers for the offering. A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on October 7, 2015. The offering is being made only by means of a prospectus. Copies of the prospectus relating to the initial public offering may be obtained for free by visiting the Securities and Exchange Commission website at http://www.sec.gov. Alternatively, a copy of the prospectus relating to the initial public offering,