Bracewell Represents Allegiance Bancshares, Inc. in Acquisition of Post Oak Bancshares, Inc.
HOUSTON – Bracewell LLP represented Allegiance Bancshares, Inc. (NASDAQ: ABTX), the holding company of Allegiance Bank, in the acquisition of Post Oak Bancshares, Inc. and its wholly owned subsidiary, Post Oak Bank, N.A. The acquisition was effective as of October 1, 2018. The offices and services are expected to be integrated during the first quarter of 2019.
Based on financial information as of June 30, 2018, the combined company will have total assets of over $4 billion. The merger creates the largest, locally headquartered community bank in Houston, Texas, with more than 25 branches and one loan production office.
Bracewell lawyers involved in the transaction include:
Partners: Troy L. Harder, Will Anderson, Lance W. Behnke, Scott C. Sanders and Timothy A. Wilkins