Announced

Prosperity Bancshares to acquire Stellar Bank for $2bn.

Synopsis

Prosperity Bancshares, a regional financial holding company, agreed to acquire Stellar Bank, a provider of banking, savings, online banking, loans, and treasury services, for $2bn. "We are thrilled to announce this partnership with Prosperity. By joining forces, we are creating one of the strongest Texas banking franchises, supported by an exceptional deposit base and a shared commitment to relationship‑driven community banking. This combination enhances our ability to serve customers with greater scale, expanded capabilities, and the financial strength needed to meet the evolving needs of a growing Texas economy," Mr. Franklin, Stellar Bank Executive Chairman.

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MergerLinks - Prosperity Bancshares to acquire Stellar Bank for $2bn.