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- 0
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- Last Updated
- 5 days ago
- Bias Distribution
- 50% Center
Prosperity Bancshares Plans $269M Acquisition Expanding Central Texas Presence
Prosperity Bancshares announced a definitive merger agreement to acquire Southwest Bancshares, including Texas Partners Bank, expanding Prosperity's footprint in Central Texas, especially in the San Antonio metro area. The merger, valued at approximately $268.9 million, is expected to close in the first quarter of 2026 and will add ten banking centers in San Antonio, while enhancing Prosperity's presence in Austin, Fredericksburg, New Braunfels, Kerrville, and Bandera. Prosperity's CEO highlighted the strategic fit of Southwest's locations and the benefit to customers who will gain access to Prosperity's wide network across Texas and Oklahoma. Southwest's management expressed enthusiasm about joining Prosperity, emphasizing the combination of regional banking strength with continued local decision-making and personalized service. Analysts rate Prosperity Bancshares stock as a Buy with a $79 price target, noting solid financial performance despite some revenue and cash flow challenges. This acquisition follows Prosperity’s recent pending acquisition of American Bank Holding Corp, further bolstering its Central Texas franchise.


- Total News Sources
- 2
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- 1
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- 1
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- 0
- Unrated
- 0
- Last Updated
- 5 days ago
- Bias Distribution
- 50% Center
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