secwatch.observer — SEC 8-K summary
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Issuer:     PROSPERITY BANCSHARES INC (PB)
CIK:        0001068851
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0000950170-23-016280
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1068851/000095017023016280/0000950170-23-016280-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1068851/000095017023016280/pb-20230501.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-016280

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