Stellar Bancorp to be acquired by Prosperity Bancshares in stock-and-cash deal

Stellar Bancorp, Inc.

Stellar stockholders to receive 0.3803 Prosperity shares and $11.36 cash per share.
Termination fee of $78 million payable by Stellar under certain conditions.
Directors holding ~8.8% of Stellar shares entered voting agreements to support the merger.
Two Stellar directors to join Prosperity board after closing; Stellar equity awards cashed out.
Closing requires Stellar shareholder vote, regulatory approvals, and no legal restraints.

item 1.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.