What are Allegiance Bancshares's Business Segments?
Deposit Products
Deposits are the Company’s principal source of funds for use in lending
and other general banking purposes. The Company offers a variety of deposit products
and services with the goal of attracting a wide variety of customers, with an
emphasis on small to medium-sized businesses. The types of deposit accounts that
the Company offers are typical of most commercial banks and consist of checking
accounts, commercial accounts, savings accounts and other time deposits of various
types, ranging from daily money market accounts to longer-term certificates of
deposit. The Company actively pursues business checking accounts by offering its
business customers competitive rates and convenient services such as telephone
and online banking. The Company’s deposits are insured by the Federal Deposit
Insurance Corporation (the “FDIC”) to the fullest extent permitted
by law.
Other Banking Services
The Company offers basic banking products and services that it believes are attractively
priced, easily understood by its customers and convenient and readily accessible
to the customer. In addition to banking during normal business hours, the Company
offers extended drive-through hours, ATMs and banking by telephone, mail and Internet.
The Company also provides debit card services, cash management services and wire
transfer services and offers night depository, direct deposits, cashier’s
checks, letters of credit and mobile deposits. The Company also offers safe deposit
boxes, automated teller machines, drive-through services and 24-hour depository
facilities. The Company has established relationships with correspondent banks
and other independent financial institutions to provide other services requested
by customers, including loan participations sold where the requested loan amount
exceeds the lending limits in our lending policies. The Company offers customers
convenient telephonic access to their accounts. The Company maintains an Internet
banking website that allows customers to obtain account balances and transfer
funds among accounts. The website also provides online bill payment and electronic
delivery of customer statements.
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