HOUSTON, September 21, 2022 (GLOBE NEWSWIRE) — CBTX, Inc. (the “Company”) CBTX, the banking holding company of CommunityBank of Texas NA, announced today that its board of directors has declared a quarterly cash dividend of $0.13 per common share. The dividend will be payable on October 14, 2022 to the Company’s shareholders of record at the close of business on September 29, 2022. The dividend will not be payable on shares issued after the completion of the pending merger with Allegiance Bancshares, Inc. , which is expected to close on or about October 1, 2022, subject to the satisfaction or waiver of customary closing conditions.
About CBTX, Inc.
CBTX, Inc. is the banking holding company of CommunityBank of Texas, NA, a community bank providing commercial banking solutions to small and medium-sized businesses and professionals in Houston, Dallas, Beaumont and the surrounding Texas communities. Visit www.communitybankoftx.com for more informations.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 which may include, but not limited to, conditional or future language such as the word “will”. These statements (including future dividend payments) are necessarily subject to risks and uncertainties, and actual results could differ materially from expectations due to a number of factors, including risks and factors relating to the Company’s pending merger with Allegiance Bancshares, Inc., the Company’s financial condition Performance and results of operations, regulatory risks and the cost, impact and results of any regulatory audit, review or investigation, or ability to obtain required regulatory approvals, interest rate risk, economic risks related to the impact of COVID-19 and the continued instability of the oil and gas industry generally and within Texas (including risks related to the creditworthiness of our customers…
