The five banks, which have a total of $87 million in deposits, will be operated as banks of First Prosperity Banks, the subsidiary of Prosperity Bancshares Inc. The deal gives First Prosperity Bank a total of 18 full-service banking locations in south and southeast Texas. Houston-based Prosperity Bancshares Inc., formed in 1983, is a bank holding company.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Houston
Office