Prosperity Bancshares completed the acquisition of First Bancshares of Texas for $342m.

Prosperity Bancshares, the parent company of Prosperity Bank, completed the acquisition of First Bancshares of Texas, the parent holding company of FirstCapital Bank of Texas, for $342m. "We are thrilled that Ken and Don Cosby and the FirstCapital team are joining Prosperity. The combination of our companies enables us to enter the desirable Wichita Falls and Amarillo markets and the Horseshoe Bay, Marble Falls and Fredericksburg markets in the high growth Central Texas area. The customers of FirstCapital will be able to use any of our locations across Texas and Oklahoma after operational integration," David Zalman, Prosperity Senior Chairman and CEO.