HOUSTON, Jan. 18, 2017 (GLOBE NEWSWIRE) -- Allegiance Bank , a wholly owned subsidiary of Allegiance Bancshares, Inc. (Nasdaq:ABTX), announced the opening of a Loan Production Office at 5330 Griggs Road, Houston, Texas, 77021, located in the historic Palm Center. “Allegiance is committed to supporting the needs of small businesses throughout the communities we serve,” said Ray Vitulli, President and Chief Operating Officer of Allegiance Bank. “We also understand the vital contribution that small businesses provide to the economic development, revitalization, and stabilization of low to moderate income communities. To show our commitment and support, Allegiance has provided a $150,000 grant to Houston Business Development, Inc. ('HBDi') to create a Business Information Center where small business owners will have access to Allegiance, HBDi, and SCORE (providers of free business counseling and assistance) to address their business needs,” concluded Vitulli. Since 1986, HBDi has been helping to finance and build successful small businesses in Houston, Texas. As a community-based, non-profit organization, HBDi serves as a catalyst for stimulating economic growth and revitalizing communities in Houston, Texas and surrounding areas.

Allegiance Bancshares, Inc. is a $2.46 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’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.