Allegiance Bancshares prices IPO at $21.00, below the range

Allegiance Bancshares, a commercial bank with 16 locations in Houston and $2 billion in assets, raised $55 million by offering 2.6 million shares at $21, below the range of $22 to $24. Allegiance Bancshares plans to list on the Nasdaq under the symbol ABTX. Baird and Stephens Inc. acted as lead managers on the deal.