Prosperity Bancshares to acquire Southwest Bancshares for ~$269M in stock

PROSPERITY BANCSHARES INC

Prosperity will issue 4,062,520 shares valued at ~$268.9M based on $65.97 closing price.
Southwest has $2.4B assets, $1.9B loans, and $2.1B deposits as of June 30, 2025.
Transaction expected to close Q1 2026; subject to Southwest shareholder and regulatory approvals.
Brent Given to become San Antonio Area Chairman; Tom Moreno senior operations role.
Adds 11 Texas branches in San Antonio, Austin, and Hill Country; expands Prosperity's Texas footprint.

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.