OpenAI Explores Massive Funding Round at $750 Billion Valuation 
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays 
7-Eleven CEO Joe DePinto to Retire After Two Decades at the Helm 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role 
Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow 
Roche CEO Warns US Drug Price Deals Could Raise Costs of New Medicines in Switzerland 
HOUSTON, Aug. 24, 2016 -- Allegiance Bancshares, Inc. (NASDAQ:ABTX), the holding company of Allegiance Bank (collectively, “Allegiance”), today announced that Laurence L. Lehman III, Chief Financial Officer (CFO), has resigned from the Bank, effective immediately. Steven F. Retzloff, Chairman of Allegiance Bank and President of Allegiance Bancshares, Inc., has been appointed Interim Chief Financial Officer and Allegiance has initiated an external search for a permanent successor.
Allegiance’s management in coordination with the Board will lead the assessment of potential candidates, determine finalists for consideration, and select the new CFO. In the meantime, Allegiance anticipates no lapse in any of the important functions that Mr. Lehman was performing. Mr. Lehman’s resignation is not the result of any dispute or disagreement with the Bank including any matters relating to the Bank’s accounting practices or financial reporting.
“On behalf of our Board of Directors, I would like to thank Larry for his service to Allegiance Bank over the past three years,” said George Martinez, Chief Executive Officer of Allegiance Bank and Chairman of Allegiance Bancshares, Inc. “We are deeply appreciative of Larry’s contributions to the Bank, including his leadership of Allegiance’s finance team. We wish him the best in his future endeavors.”
About Allegiance Bancshares, Inc.
Allegiance Bancshares, Inc. is a $2.37 billion asset Houston, Texas-based bank holding company. Through its wholly owned subsidiary, Allegiance Bank, Allegiance 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.
Allegiance Bancshares, Inc. 8847 West Sam Houston Parkway N., Suite 200 Houston, Texas 77040 [email protected]
