Highest-materiality recent filing
Prosperity Bancshares completes $590M cash-and-stock acquisition of Stellar Bancorp
Total consideration ~$590M cash + 19M PB shares; Stellar holders got 0.3803 PB shares + $11.36 cash per share.
Prosperity gets all regulatory approvals for Stellar acquisition; closing expected July 1, 2026
Received all regulatory approvals: FRB Dallas waiver, FDIC, Texas Dept. of Banking.
Prosperity Bancshares closes acquisition of Southwest Bancshares, issues ~4.1M shares
Closed merger with Southwest Bancshares effective Feb 1, 2026; acquired Texas Partners Bank (11 offices in Central Texas).
Each Stellar share exchanged for 0.3803 PB shares plus $11.36 cash; Stellar options and awards cancelled for cash.
Prosperity Bancshares to acquire Stellar Bancorp for ~$2.002B in stock/cash
Prosperity issues 0.3803 shares plus $11.36 cash per Stellar share; total consideration ~$2.002B.
Prosperity Bancshares closes all-stock acquisition of American Bank; issues 4.44M shares
Merger of American Bank Holding Corp and American Bank into Prosperity effective January 1, 2026.
Prosperity Bancshares to acquire Southwest Bancshares for ~$269M in stock
Prosperity will issue 4,062,520 shares valued at ~$268.9M based on $65.97 closing price.
Prosperity Bancshares to acquire American Bank Holding for ~$321.5M in stock
Consideration: 4,439,981 shares of PB stock valued at ~$321.5M ($72.40 close on 7/16/25).
Prosperity Bancshares closes Lone Star State Bancshares merger for $64.1M cash + 2.38M shares
Merger effective April 1, 2024; 2,376,182 PB shares and ~$64.1 million cash paid for all LS Bancshares shares.
Prosperity Bancshares completes merger with First Bancshares of Texas for 3.58M shares + $91.5M cash
Issued 3,583,370 shares of common stock plus $91.5 million in cash for all outstanding First Bancshares shares.
Prosperity Bancshares announces two Texas bank acquisitions valued at ~$570M combined
Acquires Lone Star State Bancshares for ~$228.7M (2.38M shares + $64.1M cash); $1.3B assets, $933.5M loans.
The two former directors of Stellar appointed by the Board, in each case effective as of the Effective Time, were Robert R. Franklin, Jr. and Joseph B. Swinbank.
Effective as of the Effective Time, Mr. Franklin was appointed to the position of Vice Chairman of Prosperity and Prosperity Bank.
The two former directors of Stellar appointed by the Board, in each case effective as of the Effective Time, were Robert R. Franklin, Jr. and Joseph B. Swinbank.
The Board, upon recommendation of the Nominating and Corporate Governance Committee of the Board, voted to appoint Dr. Laura Murillo as a Class II Director to fill the vacancy created by Mr. Hunt’s resignation and Ileana Blanco as a Class III Director to fill the vacancy created by Mr. Fisk’s resignation, effective as of the close of business on October 5, 2022.
The Board of Directors (the “Board”) of Prosperity Bancshares, Inc. (the “Company”) received written notification from each of Bruce W. Hunt and George A. Fisk, directors of the Company, that each will resign as a director of the Company effective as of the close of business on October 5, 2022.
The Board, upon recommendation of the Nominating and Corporate Governance Committee of the Board, voted to appoint Dr. Laura Murillo as a Class II Director to fill the vacancy created by Mr. Hunt’s resignation and Ileana Blanco as a Class III Director to fill the vacancy created by Mr. Fisk’s resignation, effective as of the close of business on October 5, 2022.
The Board of Directors (the “Board”) of Prosperity Bancshares, Inc. (the “Company”) received written notification from each of Bruce W. Hunt and George A. Fisk, directors of the Company, that each will resign as a director of the Company effective as of the close of business on October 5, 2022.
Max materiality 0.85 · Median 0.40 · Most common event earnings