TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
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
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
On September 15, Denver-based National Bank Holdings Corp., the holding company for NBH Bank, announced the signing of a definitive merger agreement to acquire Vista Bancshares Inc., the holding company for Dallas-based Vista Bank with operations in Dallas/Fort Worth, Austin and Lubbock, as well as Palm Beach, Florida. The transaction is expected to close in … Read more
On October 1, Prosperity Bancshares Inc., the parent company of Houston-based Prosperity Bank, and Southwest Bancshares Inc., the parent holding company of San Antonio-based Texas Partners Bank, jointly announced the signing of a definitive merger agreement whereby Prosperity will acquire Southwest Bancshares and Texas Partners Bank. The merger is expected to close during the first … Read more
On July 18, Prosperity Bancshares Inc., the parent company of Houston-based Prosperity Bank, and American Bank Holding Corp., the parent holding company of Corpus Christi-based American Bank NA, jointly announced the signing of a definitive merger agreement whereby Prosperity Bancshares will acquire American Bank Holding Corp. and American Bank. The merger has been unanimously approved … Read more