secwatch.observer — SEC 8-K summary
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Issuer:     PROSPERITY BANCSHARES INC (PB)
CIK:        0001068851
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0000950170-24-039476
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1068851/000095017024039476/0000950170-24-039476-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1068851/000095017024039476/pb-20240401.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-039476

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer