PROSPERITY BANCSHARES, INC.® COMPLETES MERGER WITH STELLAR BANCORP, INC.
Prosperity Bancshares completed its merger with Stellar Bancorp, issuing 0.3803 shares and paying $11.36 in cash for each Stellar share. The acquisition adds 52 banking locations across Houston, Beaumont, East Texas, and Dallas, with full operational integration scheduled for March 2027. Stellar leadership has transitioned to the combined organization, including CEO Robert R. Franklin, Jr.
Key figures
- Pb assets
- $43.619 billion
- Cash per share
- 11.36
- Acquired branches
- 52
- Exchange ratio shares
- 0.3803
AI analysis
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