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Bracewell Advises Allegiance Bancshares, Inc. in Merger With Post Oak Bancshares Inc.

HOUSTON – Bracewell LLP is advising Allegiance Bancshares, Inc. (ABTX) in its acquisition of Post Oak Bancshares, Inc. Pursuant to the definitive agreement, Allegiance will issue 0.7017 shares of Allegiance common stock for each outstanding share of, and option to purchase a share of, Post Oak capital stock, subject to certain conditions and potential adjustments.

The transaction is expected to close in the fourth quarter of 2018. The combined organization will result in over $4 billion in assets.

This transaction is the largest merger in the Texas banking industry announced so far in 2018. Upon closing, it would potentially be one of the five largest transactions, based on total transaction value, to have closed during the last five years. 

Bracewell lawyers involved in the transaction include:

Partners: Will Anderson, Scott C. Sanders, Rebecca L. Baker, Troy L. Harder, Timothy A. Wilkins and Michele J. Alexander

Associates: Joshua T. McNulty, Kathy Witty Medford and Tyler C. Lohse