Stellar Bancorp, Inc. (STEL) Form 8-K — Jul 1, 2026
$STELForm 8-KItems 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01Filed Jul 1, 2026, 7:30 AM ET0001193125-26-291511Original filing
Stellar Bancorp, Inc. completed its merger with Prosperity Bancshares, Inc. on July 1, 2026, with Prosperity continuing as the surviving corporation. As a result of the transaction, Stellar Bank merged with and into Prosperity Bank.
Key figures
- Exchange ratio
- 0.3803
- Cash consideration per share
- $11.36
- Prosperity avg closing price
- $71.44
- Securities sold balance sheet repositioning
- $466.4 million
AI analysis
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