Prosperity Bancshares
 | |
| Company type | Public company |
|---|---|
| NYSE: PB S&P 400 component | |
| Industry | Banking |
| Founded | 1983 in Houston, Texas |
| Headquarters | Houston, Texas, U.S. |
Key people | David Zalman, Chairman & CEO Asylbek Osmonov, CFO |
 $332 million (2019) | |
| Total assets | $32.185 billion (2019) |
| Total equity | $5.970 billion (2019) |
Number of employees | 3,901 (2019) |
| Website | www |
| Footnotes / references [1] | |
Prosperity Bancshares, Inc. is a bank holding company headquartered in Houston, Texas with operations in Texas and central Oklahoma. As of December 31, 2019, the company operated 285 branches: 65 in the Houston area, including The Woodlands, Texas; 30 in South Texas, including Corpus Christi, Texas and Victoria, Texas; 75 in the Dallas–Fort Worth metroplex; 22 in East Texas; 29 in Central Texas, including Austin, Texas and San Antonio; 34 in West Texas, including Lubbock, Texas, Midland–Odessa, and Abilene, Texas; 16 in Bryan–College Station; 6 in Central Oklahoma; and 8 in Tulsa, Oklahoma.[1]
History
The company was formed in 1983 to purchase a former Allied Bank branch in Edna, Texas. The Edna bank dated back to 1949 as the First National Bank of Edna.
In November 2008, in a transaction organized by the Federal Deposit Insurance Corporation, the company acquired Franklin Bank, which suffered from bank failure.[2]
In 2010, the company acquired 3 branches in Texas as part of the acquisition of FBOP Corporation by U.S. Bancorp.[3]
In July 2012, the company acquired the 37-branch American State Bank, which provided the company its first locations in West Texas.[4]
In April 2013, the company acquired Coppermark Bank and its 9 branches, including 6 branches in Central Oklahoma, its first presence outside Texas.[5]
In November 2013, the company acquired First Victoria National Bank and its 34 branches.[6]
In April 2014, the company acquired F&M Bancorporation and its 13 branches, including several in Tulsa, Oklahoma.[7]
In November 2019, the company acquired LegacyTexas Bank and its 42 branches.[8][9]
References
- ^ a b "Prosperity Bancshares, Inc. 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ "Failed Bank Information for Franklin Bank, SSB, Houston, TX". Federal Deposit Insurance Corporation.
- ^ Sen, Anirban (February 8, 2010). "Prosperity Bank to buy First Bank's Texas branches". Reuters.
- ^ Pulsinelli, Olivia (July 2, 2012). "Prosperity, American State Bank merger complete". American City Business Journals.
- ^ "Prosperity Bancshares, Inc.® Completes Merger With Coppermark Bancshares, Inc" (Press release). PR Newswire. April 1, 2013.
- ^ "Prosperity Bancshares, Inc.® Completes Merger With FVNB Corp" (Press release). PR Newswire. November 1, 2013.
- ^ "Prosperity Bancshares, Inc.® Completes Merger With F&M Bancorporation Inc" (Press release). PR Newswire. November 1, 2013.
- ^ "Prosperity Bancshares, Inc. ® Completes Merger With LegacyTexas Financial Group, Inc" (Press release). PR Newswire. November 1, 2019.
- ^ Mathews, Chris (November 1, 2019). "Houston bank closes multibillion-dollar acquisition of North Texas bank". American City Business Journals.
External links
- Official website
- Business data for Prosperity Bancshares, Inc.:
