Prosperity Bancshares closes Lone Star State Bancshares merger for $64.1M cash + 2.38M shares

PROSPERITY BANCSHARES INC

Merger effective April 1, 2024; 2,376,182 PB shares and ~$64.1 million cash paid for all LS Bancshares shares.
Lone Star operated 5 banking centers in West Texas; integration to combine 288 PB branches by Oct 28, 2024.
Lone Star CEO Alan Lackey named West Texas Area President; Melisa Roberts named West Texas Area VP.
Lone Star locations to keep name until October 28, 2024 operational integration.

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