Prosperity Bancshares to acquire American Bank Holding for ~$321.5M in stock

PROSPERITY BANCSHARES INC

Consideration: 4,439,981 shares of PB stock valued at ~$321.5M ($72.40 close on 7/16/25).
American Bank has $2.5B assets, $1.8B loans, $2.3B deposits as of 3/31/25.
Transaction expected to close Q4 2025 or Q1 2026, subject to regulatory and shareholder approvals.
Stephen Raffaele to become South Texas/San Antonio Area Chairman; Patt Hawn Wallace to join PB board.

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