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CommunityBank of Texas and Allegiance Bank Coming Together


Allegiance Bank and CommunityBank of Texas, N.A. have merged

Scale and capability to better serve the banking needs of our local communities

We are excited to announce the closing of the merger of equals between Allegiance Bank and CommunityBank of Texas, N.A., effective October 1, 2022. The merger creates the 9th largest bank headquartered in Texas with the 19th largest deposit market share in the State of Texas.

Together, we will be able to serve our customers like never before with enhanced financial solutions while maintaining the personalized service you have come to expect. The combined company will have locations throughout the Southeast region including Houston, The Woodlands, Katy, Sugar Land, Beaumont and Port Arthur as well as Dallas.

Our day-to-day operations currently remain the same, and we will continue to conduct business as usual until we combine operations in the first quarter of 2023 as Stellar Bank.

Please continue to contact the same exceptional bankers you know and trust for all your banking needs.

Read the press release to learn more.


Frequently asked Questions

How will this merger impact me now?

This announcement and the merger will have no immediate impact on you. Please continue to conduct your banking with us just as you’ve always done. We will maintain normal business operations, and you will continue to receive the outstanding personalized service and support you have come to expect. We will communicate exciting new enhancements over the coming months.

Why have we decided to merge?

We believe bringing the region’s two strongest banks together will create a strong community bank in a region that is underserved by locally-based and oriented providers. The combined company will have the scope and scale to provide more convenient locations, more robust offerings, greater lending strength, enhanced technical solutions and more to support your financial needs.

Our complementary culture and values make for an ideal partnership with a shared focus on exceptional customer and employee experience. We both have deep industry experience, are driven by innovation and are committed to long-term partnership with customers to fully meet their banking needs.

We are community-minded organizations that believe in the power of local. We work and live in the communities we serve, and giving back is part of our DNA.

Together, we will be even better positioned to be the bank that the region deserves to call its own!

Who will lead the combined company?

Mr. Steve Retzloff will serve as the Executive Chairman of the Board and Senior Executive Chairman of the combined bank, and Mr. Robert (Bob) Franklin will serve as Chief Executive Officer of the new holding company and Executive Chairman of the combined bank. Mr. Ray Vitulli will continue to serve as Chief Executive Officer of the combined bank.

Do I need to order new checks?

No. You should continue to use your current checks until they run out. Existing checks will be accepted for some time after the name change to Stellar Bank in first quarter 2023. Should you need to reorder checks, consider ordering small quantities. 

Is my account number going to change?

Most customers will maintain their existing account number(s). There are a small number of customers who must change account numbers due to duplication. We will communicate directly with those individuals well in advance and do what we can to overcome the inconvenience.

Will I have to get a new debit card?

Not at this time. Next year, we will be issuing new contactless cards. You will be notified well in advance and provided clear instructions for how to activate your new card.

Is my online banking going to change?

CommunityBank of Texas customers will not experience any change to their online banking. However, you will need to download a new app in the future. We will communicate instructions well in advance. 

Can I bank at Allegiance Bank locations?

Not yet. Until our systems are fully integrated next year, customers will need to continue banking only at CommunityBank of Texas locations. However, customers can begin using Allegiance Bank ATMs at no charge.

Who should I contact if I have questions?

Please contact your local bank office should you have any questions.


“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995

 Certain statements above which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements” for purposes of the safe harbor provided by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements about the benefits of the merger of CBTX and Allegiance, including future financial performance and operating results, the combined company’s plans, business and growth strategies, objectives, expectations and intentions, and other statements that are not historical facts, including 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. Forward-looking statements may be identified by terminology such as “may,” “will,” “should,” “could,” “scheduled,” “plans,” “intends,” “projects,” “anticipates,” “expects,” “believes,” “estimates,” “potential,” “would,” or “continue” or negatives of such terms or other comparable terminology.

All forward-looking statements are subject to risks, uncertainties and other factors that may cause the actual results, performance or achievements of Stellar to differ materially from any results expressed or implied by such forward-looking statements. Such factors include, among others: (1) the risk that the cost savings and any revenue synergies from the merger may not be fully realized or may take longer than anticipated to be realized; (2) disruption to the parties’ businesses as a result of the pendency of the merger; (3) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; (4) the risk that the integration of each party’s operations will be materially delayed or will be more costly or difficult than expected or that the parties are otherwise unable to successfully integrate each party’s businesses into the other’s businesses; (5) the amount of the costs, fees, expenses and charges related to the merger; (6) the risk that required regulatory approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the transaction; (7) reputational risk and the reaction of each company’s customers, suppliers, employees or other business partners to the merger; (8) the possibility that the merger may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (9) the dilution caused by CBTX’s issuance of additional shares of its common stock in the merger; (10) general competitive, economic, political and market conditions; and (11) other factors that may affect future results of Stellar including changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation; customer borrowing, repayment, investment and deposit practices; the impact, extent and timing of technological changes; capital management activities; and other actions of the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation and Texas Department of Banking and legislative and regulatory actions and reforms.

Additional factors which could affect our future results can be found in Allegiance’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K and CBTX’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, in each case filed with the SEC and available on the SEC’s website at https:// We disclaim any obligation and do not intend to update or revise any forward-looking statements contained in this communication, which speak only as of the date hereof, whether as a result of new information, future events or otherwise, except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.



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