CommunityBank of Texas announces new merger name

CommunityBank of Texas, N.A. and Allegiance Bank entered into an agreement to combine in a merger of equals last fall and announced May 17 that the new combined bank name will be Stellar Bank.

"The name embodies our shared commitment to provide exceptional experiences for you, our employees, our shareholders and the communities we serve," said Chairman, CEO and President of CommunityBank of Texas, Robert R. Franklin Jr., who will also as Stellar Bancorp, Inc.'s CEO.

"As Stellar Bank, we will lead the way to better banking and provide you with more convenient locations, robust offerings, greater lending strength and enhanced technical solutions.

You will continue to be served by CommunityBank of Texas until later in the year when both banks combine and begin operating as Stellar Bank. We are committed to provide timely communications throughout the transition and will strive to make it as simple and smooth as possible."