The Bank Slate


Allegiance, CBTX move merger’s termination date

Allegiance Bancshares in Houston and CBTX in Houston have pushed back the termination date of their planned merger. 

The companies disclosed in regulatory filings that the termination date was changed from Aug. 2 to Nov. 1. 

Allegiance and CBTX “remain committed to the merger and obtaining” approval from the Federal Reserve, the companies said.

The Fed is the only entity that hasn’t signed off on the combination. 

The companies, which plan to rebrand as Stellar Bancorp after the deal closes, announced the merger last November. It would create a bank with more than $10 billion of assets.

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