Allegiance Bank and CommunityBank of Texas Have Merged
We are excited to announce the closing of the merger of equals between Allegiance Bank and CommunityBank of Texas, N.A., effective October 1, 2022. The merger creates the 9th largest bank headquartered in Texas with the 19th largest deposit market share in the State of Texas. This makes us even better equipped to meet the unique banking needs within our community with a greater scale and capability backed by our commitment to a high level of service.
“We are thrilled about the culmination of this merger as we believe it is an important step to building a franchise with greater competitive advantage, profitability and future growth potential,” – Steve Retzloff
Over the coming months, we will share many of the new enhancements you can look forward to as we transition to Stellar Bank – the first being an expanded suite of residential mortgage solutions.
As we look to the future, one thing that will always remain the same is the personalized service from the bankers you know and trust. Together, we will be able to serve our customers like never before with enhanced financial solutions while maintaining the exceptional customer experience you have come to expect.
While our merger is complete, both banks will continue to operate under their respective names until we combine operations in the first quarter of 2023 as Stellar Bank. To learn more about the announcement, transition, and for answers to any initial questions you may have, click here.
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