Prosperity Bancshares completes merger with First Bancshares of Texas for 3.58M shares + $91.5M cash

PROSPERITY BANCSHARES INC

Issued 3,583,370 shares of common stock plus $91.5 million in cash for all outstanding First Bancshares shares.
FirstCapital Bank of Texas merged into Prosperity Bank; integration scheduled for May 15, 2023.
Ken Burgess, Greg Burgess, and Jeremy Bishop join as Regional Presidents; Brad Burgess as West Texas business development director.
FirstCapital operated 16 banking centers in West, North, and Central Texas; combined entity has 286 full-service branches.

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