Prosperity Bancshares and Stellar Bancorp Announce Merger

On January 28, Prosperity Bancshares Inc., the parent company of El Campo-based Prosperity Bank, and Stellar Bancorp Inc., the parent holding company of Houston-based Stellar Bank, announced the signing of a definitive merger agreement whereby Prosperity will acquire Stellar and Stellar Bank. Established in 2007, Stellar Bank operates 52 banking offices in greater Houston, Beaumont … Read more

Ohio-based Fifth Third Bank to Acquire Comerica Bank

On October 6, Cincinatti-Ohio-based Fifth Third Bancorp and Dallas-based Comerica Inc. announced that they have entered into a definitive merger agreement under which Fifth Third will acquire Comerica in an all-stock transaction valued at $10.9 billion. This transaction brings together two long-tenured banking franchises to create the ninth largest U.S. bank with approximately $288 billion … Read more