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Behind the Deal: Allegiance Bank going big with latest acquisition

July 29, 2014
Houston Business Journal

For banks looking at making a stock market splash, the thinking is "Go big or go home." And Houston-based Allegiance Bank is taking that advice to heart. The $1.2 billion bank, which is mulling an IPO, completed its second acquisition in less than a year on July 28, buying Farmers & Merchants Bancshares Inc. and its subsidiary, Enterprise Bank, for an undisclosed amount. Dan Bass, managing director for Performance Trust Capital Partners, which represented F&M on the deal, said demand on Wall Street for Texas banking has been growing.

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