Prosperity Bancshares
| Company type | Public |
|---|---|
| Industry | Banking |
| Founded | 1983 |
| Headquarters | Houston, Texas , United States |
Area served | Texas, Oklahoma |
| Products | Banking services |
Prosperity Bancshares, Inc. operates as a bank holding company headquartered in Houston, Texas, with a network spanning Texas and central Oklahoma. By December 31, 2019, the company managed 285 branches, maintaining a strong footprint in regions such as Houston, South Texas, the Dallas–Fort Worth area, East Texas, Central Texas, West Texas, Bryan–College Station, and markets within Oklahoma.
History
Established in 1983 with the purpose of acquiring a former Allied Bank branch located in Edna, Texas, Prosperity Bancshares has grown through targeted acquisitions. In November 2008, it expanded by acquiring Franklin Bank following its failure under the oversight of the Federal Deposit Insurance Corporation.
In 2010, Prosperity incorporated three Texas branches that were part of the FBOP Corporation sale to U.S. Bancorp. The acquisition of American State Bank in July 2012 contributed an additional 37 branches and marked Prosperity’s entry into West Texas.
The April 2013 takeover of Coppermark Bank represented the company's initial move beyond Texas borders into Central Oklahoma, adding nine branches to its portfolio. Subsequently, in November of the same year, it acquired First Victoria National Bank along with its 34 branches.
Prosperity further extended its presence in Oklahoma by purchasing F&M Bancorporation’s 13 branches—including several locations in Tulsa—in April 2014. The November 2019 acquisition of LegacyTexas Bank brought an additional 42 branches and bolstered its market share in North Texas.
Most recently, in April 2024, Prosperity Bancshares finalized a merger with Lone Star State Bancshares and its subsidiaries, with full operational integration anticipated by October 28, 2024.
External links
- Official website
- Finance links for Prosperity Bancshares, Inc. (Ticker: PB)