Allegiance Bank Provides Hurricane Harvey Update

HOUSTON, Aug. 30, 2017 (GLOBE NEWSWIRE) -- Allegiance Bank (“Allegiance”), a wholly owned subsidiary of Allegiance Bancshares, Inc. (NASDAQ:ABTX), shares a heartfelt compassion for those in our community that have experienced losses as a result of this unprecedented natural disaster.  During such times, the continuity of banking services is critical to our customers and community. We would like to report that thanks to previously implemented processes and the dedicated work of our highly experienced staff, our banking operations remained uninterrupted throughout the storm with regard to transactions, electronic banking, ATMs, customer call center and all critical bank services with the exception of lobby services. 

None of Allegiance’s 16 bank office locations were flooded; although in some cases, street access was temporarily unavailable. Due to Hurricane Harvey and its aftermath, all offices were closed Monday, August 28, and Tuesday, August 29. Due to staffing and landlord limitations, four of our locations were prevented from re-opening today, Wednesday, August 30. Thirteen bank offices will be open on Thursday, August 31. Please refer to our website at www.allegiancebank.com for complete information on the status of individual bank offices.

We are sadly aware that some of our neighbors remain under stress, particularly as reservoirs are being released; however, the general region is experiencing a welcomed runoff of flood waters, allowing for the needed repairs and remediation to begin. In the coming weeks, our ongoing customer outreach and further analysis will provide the basis for an accurate post-storm assessment. Allegiance is formulating a disaster relief program to support employees, customers and the community as Houstonians unite to recover from Hurricane Harvey’s impact.

Allegiance Bancshares, Inc. is a $2.72 billion asset Houston, Texas-based bank holding company of Allegiance Bank. Allegiance Bank provides a diversified range of commercial banking services primarily to Houston metropolitan area-based small to medium-sized businesses and individual customers. Allegiance Bank’s unique 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 operates 16 full-service banking locations and one loan production office in the Houston metropolitan area. Visit www.allegiancebank.com for more information.

Allegiance Bancshares, Inc. 
8847 West Sam Houston Parkway N., Suite 200
Houston, Texas 77040 
ir@allegiancebank.com

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