The Houston-based lender agreed to buy Stellar Bank in a roughly $2 billion deal expected to close in the second quarter. The ...
The deal merges two prominent community and regional banks in Houston, Texas.
Prosperity is continuing its merger-and-acquisition streak with another deal less than a month after closing an acquisition.
By Arasu Kannagi Basil Jan 28 (Reuters) - Prosperity Bancshares will buy rival Stellar Bancorp in a $2 billion cash-and-stock deal, the banks said on Wednesday, creating a mega Texas-focused lender ...
Acquiring Stellar Bancorp will create the second-largest Texas-headquartered bank, with a number-five deposit share in the ...
Prosperity Bancshares agrees to acquire Stellar Bancorp for $2 billion, creating Texas' second largest bank by deposits, with ...
The acquisitions of Cadence Bank and Comerica as well as Prosperity Bank's acquisition of Texas Partners Bank and Third Coast Bank's acquisition of Keystone Bank all closed.
The $269 million transaction will mean the loss of San Antonio’s fifth-largest bank. Texas Partners Bank had about $2.5 billion in asset as of Sept. 30.
Stellar Bancorp shares climbed after Prosperity Bancshares said it would acquire the company for about $2 billion. The stock rose 11% to $36.20 on Wednesday, at one point hitting a 52-week high of $36 ...
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