secwatch.observer — SEC 8-K summary
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Issuer:     PROSPERITY BANCSHARES INC (PB)
CIK:        0001068851
Form:       8-K
Filed at:   2022-10-11T23:59:59+00:00
Accession:  0001564590-22-033861
Event type: m_and_a
Sentiment:  positive
Materiality: 0.72
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prosperity Bancshares announces two Texas bank acquisitions valued at ~$570M combined
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- Acquires Lone Star State Bancshares for ~$228.7M (2.38M shares + $64.1M cash); $1.3B assets, $933.5M loans.
- Acquires First Bancshares of Texas for ~$341.6M (3.58M shares + $93.4M cash); $2.1B assets, $1.6B loans.
- Both acquisitions expected to close in Q1 2023, subject to regulatory and shareholder approvals.
- Alan Lackey (Lone Star CEO) to serve as West Texas Area President; Ken Burgess to serve as Regional President.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1068851/000156459022033861/0001564590-22-033861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1068851/000156459022033861/pb-8k_20221011.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-033861

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