Allegiance Bancshares, Inc. Announces New Directors and Declaration of Dividend
April 24 2020 - 5:04PM
Allegiance Bancshares, Inc. (NASDAQ: ABTX) (“Allegiance”), the
holding company of Allegiance Bank, announced the addition of Ms.
Denise Castillo-Rhodes and Ms. Janet S. Wong to Allegiance’s Board
of Directors. “I am very pleased that Ms. Castillo-Rhodes and Ms.
Wong have agreed to join our Board,” said George Martinez, Chairman
of Allegiance.
Ms. Castillo-Rhodes is currently the Executive Vice President
and Chief Financial Officer of Texas Medical Center, where she
oversees accounting, finance, billing and collections and tax
compliance. Ms. Castillo-Rhodes is a certified public accountant
and a member of the American Institute of Certified Accountants,
the Texas Society of Certified Public Accountants and the Houston
Chapter of Certified Public Accountants. Ms. Castillo-Rhodes’
professional experience as a financial executive and other
leadership experience qualify her to provide pertinent guidance to
Allegiance’s board, as well as the Audit Committee.
Ms. Wong is a licensed Certified Public Accountant and has more
than 30 years of public accounting experience. She is a retired
partner with KPMG, an international professional services firm,
where she has extensive industry experience in technology,
manufacturing, financial services and consumer products. Since
2013, Ms. Wong has served as a National Executive Advisor for
Ascend, a nonprofit professional organization that enables its
members, corporate partners and the community to realize the
leadership potential of Asians in global corporations, where she
leads the largest network of Asian corporate board directors
serving U.S. boards and facilitates leadership programs to Fortune
500 and professional services companies throughout the U.S. In
2015, she was elected to the Board of Directors of Enviva Partners
(NYSE: EVA) and also serves as their Audit Committee Chair. Ms.
Wong's audit expertise and her professional and leadership
experience qualify her to serve on Allegiance’s board, as well as
on the Audit and Corporate Governance and Nominating
Committees.
“We welcome Ms. Castillo-Rhodes and Ms. Wong to the
Allegiance team and appreciate their willingness to support and
serve alongside our dedicated Board,” said Steven F. Retzloff,
Chief Executive Officer of Allegiance. “Both Ms. Castillo-Rhodes
and Ms. Wong offer years of significant leadership experience and
no doubt will be assets to our organization as they each bring
unique viewpoints and will contribute to the diversity of our
Board.”
Dividend Declaration
On April 23, 2020, the Board of Directors of Allegiance declared
a cash dividend of $0.10 per share to be paid on June 15, 2020 to
all shareholders of record as of May 29, 2020.
About Allegiance Bancshares, Inc.
Allegiance is a Houston, Texas-based bank holding company.
Through its wholly owned subsidiary, Allegiance Bank, Allegiance
provides a diversified range of commercial banking services
primarily to small to medium-sized businesses and individual
customers in the Houston region. Allegiance’s super-community
banking strategy was designed to foster strong customer
relationships while benefiting from a platform and scale that is
competitive with larger local and regional banks. Allegiance Bank
operated 27 full-service banking locations in the Houston region,
which we define as the Houston-The Woodlands-Sugar Land and
Beaumont-Port Arthur metropolitan statistical areas, with 26 bank
offices and one loan production office in the Houston metropolitan
area and one bank office location in Beaumont, just outside of the
Houston metropolitan area. Visit www.allegiancebank.com for more
information.
“Safe Harbor” Statement under the Private Securities
Litigation Reform Act of 1995
This release may contain forward-looking statements within the
meaning of the securities laws that are based on various facts and
derived utilizing important assumptions, present expectations,
estimates and projections about Allegiance and its subsidiaries.
Statements preceded by, followed by or that otherwise include the
words “believes,” “expects,” “continues,” “anticipates,” “intends,”
“projects,” “estimates,” “potential,” “plans” and similar
expressions or future or conditional verbs such as “will,”
“should,” “would,” “may” and “could” are generally forward-looking
in nature and not historical facts, although not all
forward-looking statements include the foregoing words.
Forward-looking statements include information concerning
Allegiance’s future financial performance, business and growth
strategy, projected plans and objectives, as well as projections of
macroeconomic and industry trends, which are inherently unreliable
due to the multiple factors that impact economic trends, and any
such variations may be material. Such forward-looking statements
are not guarantees of future performance and are subject to risks
and uncertainties, many of which are outside of Allegiance’s
control, which may cause actual results to differ materially from
those expressed or implied by the forward-looking statements. These
risks and uncertainties include but are not limited to whether
Allegiance can: continue to develop and maintain new and existing
customer and community relationships; successfully implement its
growth strategy, including identifying suitable acquisition targets
and integrating the businesses of acquired companies and banks;
sustain its current internal growth rate; provide quality and
competitive products and services that appeal to its customers;
continue to have access to debt and equity capital markets; and
achieve its performance objectives. These and various other risk
factors are discussed in Allegiance’s Annual Report on Form 10-K
for the fiscal year ended December 31, 2019 and in other reports
and statements Allegiance has filed with the Securities and
Exchange Commission. Copies of such filings are available for
download free of charge from the Investor Relations section of
Allegiance’s website at www.allegiancebank.com, under Financial
Information, SEC Filings. Any forward-looking statement made by
Allegiance in this release speaks only as of the date on which it
is made. Factors or events that could cause Allegiance’s actual
results to differ may emerge from time to time, and it is not
possible for Allegiance to predict all of them. Allegiance
undertakes no obligation to publicly update any forward-looking
statement, whether as a result of new information, future
developments or otherwise, except as may be required by law.
CONTACT: Allegiance Bancshares, Inc.
ir@allegiancebank.com
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