Allegiance Bancshares, Inc. (ABTX) Declares $0.10 Quarterly Dividend, 1.8% Yield; Adds Denise Castillo-Rhodes & Janet Wong to Board

Allegiance Bancshares, Inc. (NASDAQ: ABTX) declared a quarterly dividend of $0.10 per share, or $0.4 annualized.

The dividend will be payable on June 15, 2020, to stockholders of record on May 29, 2020, with an ex-dividend date of May 28, 2020.

The annual yield on the dividend is 1.8 percent.

New Board Appointments

The board announced the addition of Ms. Denise Castillo-Rhodes and Ms. Janet S. Wong to Allegiance’s Board of Directors. “I am very pleased that Ms. Castillo-Rhodes and Ms. Wong have agreed to join our Board,” said George Martinez, Chairman of Allegiance.

Ms. Castillo-Rhodes is currently the Executive Vice President and Chief Financial Officer of Texas Medical Center, where she oversees accounting, finance, billing and collections and tax compliance. Ms. Castillo-Rhodes is a certified public accountant and a member of the American Institute of Certified Accountants, the Texas Society of Certified Public Accountants and the Houston Chapter of Certified Public Accountants. Ms. Castillo-Rhodes’ professional experience as a financial executive and other leadership experience qualify her to provide pertinent guidance to Allegiance’s board, as well as the Audit Committee.

Ms. Wong is a licensed Certified Public Accountant and has more than 30 years of public accounting experience. She is a retired partner with KPMG, an international professional services firm, where she has extensive industry experience in technology, manufacturing, financial services and consumer products. Since 2013, Ms. Wong has served as a National Executive Advisor for Ascend, a nonprofit professional organization that enables its members, corporate partners and the community to realize the leadership potential of Asians in global corporations, where she leads the largest network of Asian corporate board directors serving U.S. boards and facilitates leadership programs to Fortune 500 and professional services companies throughout the U.S. In 2015, she was elected to the Board of Directors of Enviva Partners (NYSE: EVA) and also serves as their Audit Committee Chair. Ms. Wong's audit expertise and her professional and leadership experience qualify her to serve on Allegiance’s board, as well as on the Audit and Corporate Governance and Nominating Committees.

“We welcome Ms. Castillo-Rhodes and Ms. Wong to the Allegiance team and appreciate their willingness to support and serve alongside our dedicated Board,” said Steven F. Retzloff, Chief Executive Officer of Allegiance. “Both Ms. Castillo-Rhodes and Ms. Wong offer years of significant leadership experience and no doubt will be assets to our organization as they each bring unique viewpoints and will contribute to the diversity of our Board.”

For a dividend history and other dividend-related data on Allegiance Bancshares, Inc. (ABTX) click here.

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