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Allegiance Bancshares files $150M shelf

Allegiance Bancshares Inc. on Jan. 18 filed a shelf registration statement for the sale of up to $150 million in securities that it may offer from time to time.

The filing covers the sale of debt securities, common stock, preferred stock, warrants and units.

The Houston-based company expects to use the net proceeds to maintain consolidated capital to support its growth; contribute capital to unit Allegiance Bank; to fund acquisitions; and to refinance, reduce or repay debt, among other general corporate purposes.