HOUSTON, Dec. 06, 2016 (GLOBE NEWSWIRE) -- Allegiance Bancshares, Inc. (NASDAQ:ABTX), the holding company of Allegiance Bank, today announced Paul P. Egge has been appointed Executive Vice President and Chief Financial Officer of both Allegiance Bank and Allegiance Bancshares, Inc., effective December 19, 2016. Steven F. Retzloff, Chairman of Allegiance Bank and President of Allegiance Bancshares, Inc., will relinquish his interim Chief Financial Officer position.
Mr. Egge, 38, brings more than 13 years of financial services experience to Allegiance, predominantly as an investment banker focused on strategic and capital markets advisory services. Most recently, Mr. Egge served as Senior Vice President, Director of Capital Planning and Corporate Development at Cadence Bank, a $9.4 billion asset regional bank. Prior to joining Cadence, Mr. Egge served in various roles of increasing responsibility at Robert W. Baird & Co. Incorporated (“Baird”), Ryan Beck & Company, and FBR & Co. (formerly Friedman, Billings, Ramsey Group, Inc.). He graduated Cum Laude with a bachelor’s degree in Economics and Finance from The College of William & Mary and holds a Master of Business Administration from the Kellogg School of Management at Northwestern University.
“I am extremely pleased to welcome Paul to Allegiance as our Chief Financial Officer,” said George Martinez, Allegiance’s Chairman and Chief Executive Officer. “His financial and capital markets expertise, as was evidenced in his work with Allegiance with our 2015 IPO, will be a great asset to Allegiance and a strong addition to our leadership team. We believe Paul’s extensive experience not only complements our existing talented accounting and financial reporting staff but will serve us strongly as we continue to grow and execute on our long-term strategic plan to deliver profitable growth and increased shareholder value.”
“I am honored to join Allegiance’s executive team,” said Egge. “Allegiance is committed to continued growth while maintaining its super-community bank strategy. It’s a pleasure to be a part of an organization with that type of reputation and commitment. Allegiance has many accomplishments and I look forward to helping guide them on a path to continued success.”
About Allegiance Bancshares, Inc.
Allegiance Bancshares, Inc. is a $2.46 billion asset Houston, Texas-based bank holding company. Through its wholly owned subsidiary, Allegiance Bank, Allegiance provides a diversified range of commercial banking services primarily to Houston metropolitan area-based small to medium-sized businesses and individual customers. Allegiance’s unique super-community banking strategy was designed to foster strong customer relationships while benefitting from a platform and scale that is competitive with larger local and regional banks. Allegiance Bank operates 16 full-service banking locations in the Houston metropolitan area. Visit www.allegiancebank.com for more information.
