– USA, TX – Allegiance Bancshares, Inc. (NASDAQ:ABTX), the holding company of Allegiance Bank, announced the addition of Umesh (Mike) Jain, CPA to Allegiance’s Board of Directors. Mr. Jain served as a Director of Bank of Houston from March 2006 to April 2014 until it was acquired by Independent Bank in April 2014. While with Bank of Houston, Mr. Jain served as Chairman of the Audit Committee and a member of its Loan, Merger and Acquisition, Governance and Compensation Committees. Prior to his service with Bank of Houston, Mr. Jain served as a Director of Horizon Capital Bank from 2002 to 2005, which was acquired by Frost Bank in 2005.
“I am very pleased that Mike has agreed to join our Board,” said George Martinez, Chairman and Chief Executive Officer of Allegiance. “Mike’s record of success and demonstrated commitment to the community banking industry make him a great addition to our Board. His extensive background in community banking and deep financial knowledge will contribute greatly to our Company as well as our client relationships.”
Jain added, “I am honored to have been selected to serve as a member of the Board of Directors for Allegiance Bancshares and it is my hope that my service on prior boards will be beneficial to Allegiance as it continues to be among the leaders of community banks in Houston.”
In 1986, Mr. Jain founded Jain and Jain, P.C., Accountants and Tax Consultants, which provides assurance and tax services primarily for privately held businesses with revenues up to $100 million. In 2014, Mr. Jain founded Pi Capital Partners, LLC, a private equity firm. Additionally, Mr. Jain served as a member of the Investment Committee for Fish Hawk, a private equity firm.
In addition to being active in the business communities in which Allegiance operates, Mr. Jain has been active in several civic organizations.
About Allegiance Bancshares, Inc.
Allegiance Bancshares is a 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 Bank operates 16 full-service banking locations in the Houston metropolitan area. Allegiance’s common stock is traded on the NASDAQ Global Market under the ticker symbol ABTX.
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