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PRESS RELEASE, January 1,2015
ALLEGIANCE BANK TEXAS COMPLETES MERGER WITH ENTERPRISE
BANK - HOUSTON, TX
HOUSTON, January 1, 2015. Allegiance Bancshares,
Inc. (Allegiance) announced today the completion of the merger of
Farmers & Merchants Bancshares, Inc. (F & M) with and into Allegiance, and
the merger of F & M's wholly owned subsidiary, Enterprise Bank, Houston,
Texas, with and into Allegiance Bank Texas, the wholly owned subsidiary of
Allegiance, each effective on January 1, 2015.
operated nine (9) banking offices primarily in the Houston Metropolitan
Area including an office in Mart, Texas and Rosebud, Texas. As of
September 30, 2014, Enterprise Bank reported total assets of $ 569
million, total loans of $ 408 million and total deposits of $ 489 million.
The combined total assets of Allegiance Bank Texas increased to
approximately $1.8 Billion as a result of the merger.
completion of the merger with Enterprise Bank provides the Allegiance team
with additional, exceptional bankers with valuable experience and an
expanded reach as we join together to serve our Houston area community.
Both current and future customers will benefit from the additional
locations that will result from our integration. We are very pleased to
have an organization joining us where a culture of providing superior
customer service has been a fundamental value," commented George
Martinez, Chairman of Allegiance Bancshares, Inc.
Giuliani LLP was legal counsel to Allegiance. Allegiance was advised in
this transaction by Robert W. Baird & Co. The fairness opinion for
Allegiance was provided by Sheshunoff & Co Investment Banking. Thompson &
Knight LLP was legal counsel to F & M. F & M was advised in this
transaction by Performance Trust Capital Partners, LLC and Vining Sparks
IBG, L.P. The fairness opinion for F& M was provided by Performance Trust
Capital Partners, LLC.
Allegiance Bancshares, Inc.
Allegiance Bancshares, Inc. is a Houston, Texas based financial holding
company formed in 2007. Prior to this merger, Allegiance operated eleven
(11) full service banking offices in Houston, Bellaire, Clear Lake and
Katy, Texas serving the needs of owner-operated businesses in and around
Houston, Texas. As of September 30, 2014, Allegiance Bank Texas reported
total assets of $1.2 Billion, total loans of $965 million and total
deposits of $1.1 Billion. Operating under a community banking philosophy
and seeking to develop long term customer relationships based on providing
exceptional service, Allegiance Bank Texas offers a variety of traditional
loan and deposit products to its customers, which consist primarily of
small and medium sized businesses and consumers.
To access your accounts or to report your
ATM/debit card lost or stolen please call (866) 873-2693, 24 hours a day, 7 days a week.
NOTICE TO CUSTOMERS:
The U.S. Department of the Treasury has announced it will end the
over-the-counter (OTC) sales of Paper Savings Bonds at the end of this year.
This includes the sale of savings bonds through financial insititutions as
well as applications mailed directly to the Federal Reserve Bank. Savings
Bonds will remain available for purchase as electronic issue only in the
Treasury Direct Website. The Treasury Department has asked that all
issuing agents stop accepting applications for paper savings bonds after
Accordingly, as of
31-December-2011, Enterprise Bank will no longer accept applications for
Paper Savings Bonds; we will however, continue to redeem Paper Savings Bonds
for customers just as we have in the past. Should you have any
questions or require any additional information, please call your local
branch for more details.
It has been reported that bank customers across the country are receiving fraudulent emails that appear to originate from the Federal Deposit Insurance Corp. (FDIC) Please follow the attached link to read more about this fraud so you do not become a victim.
Read the Article Here
FDIC INSURANCE MESSAGE
|NOTICE OF EXPIRATION OF THE TEMPORARY FULL
FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a
noninterest-bearing transaction account (including an Interest on Lawyer Trust
Account) no longer will receive unlimited deposit insurance coverage by the
Federal Deposit Insurance Corporation (FDIC). Beginning January 1st, 2013,
all of a depositor's accounts at an insured depository institution, including
all noninterest-bearing transaction accounts, will be insured by the FDIC up to
the standard maximum deposit insurance amount ($250,000), for each deposit
insurance ownership category.
For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit:
WHAT IS PHISHING?
Phishing attacks use 'spoofed' e-mails and fraudulent websites designed to fool recipients into divulging personal financial data such as credit card numbers, account usernames and passwords, social security numbers, etc. By hijacking the trusted brands of well-known banks, online retailers and credit card companies, phishers are able to convince up to 5% of recipients to respond to them.
Be aware of EMAIL Fraud (Phishing)