Prosperity Bancshares acquisition history

Acquired the parent of Commercial National Bank, adding three banking centers as Prosperity began its post-IPO Texas roll-up strategy.

Purchased five Compass Bank branches to expand Prosperity's Texas retail deposit footprint.

Acquired the parent of Heritage Bank, adding twelve banking centers and materially expanding the Houston-area branch network.

Whole-bank acquisition adding two banking centers as part of Prosperity's 2002 wave of Texas community-bank consolidation.

Acquired a single-office community bank; the acquired office was consolidated into an existing Prosperity banking center.

Acquired the parent of Paradigm Bank Texas, adding eight banking centers in the Houston metropolitan area.

Acquired the holding company of Bank of the Southwest, adding two banking centers to the Texas franchise.

Acquired a single-office bank in Bay City, Texas; its office was consolidated into an existing Prosperity banking center.

Acquired the parent of Abrams Centre National Bank, extending Prosperity into the Dallas market.

Acquired the parent of BankDallas, further building Prosperity's Dallas-area presence.

Acquired the parent of main bank, n.a., adding three banking centers to the Dallas-Fort Worth network.

Whole-bank acquisition adding three North Texas banking centers.

Acquired the parent of Liberty Bank, adding four banking centers to the Texas franchise.

Acquired a single-office Texas savings bank, continuing Prosperity's community-bank consolidation.

Acquired the parent of FirstCapital Bank, s.s.b., adding twenty banking centers in a sizable Texas expansion.

Acquired the parent of First State Bank of Grapeland, adding two East Texas banking centers.

Acquired the parent of Southern National Bank of Texas, adding six banking centers in the Houston area.

Acquired Texas United Bancshares (State Bank, GNB Financial, Gateway National Bank and Northwest Bank), a 34-banking-center franchise that was one of Prosperity's largest early acquisitions.

Acquired a single-office community bank in Navasota, Texas.

Purchased six Banco Popular branches, adding five retained banking centers to Prosperity's Texas network.

Acquired the parent of 1st Choice Bank, adding a Houston-area banking office.

In an FDIC-assisted transaction, Prosperity assumed approximately $3.6 billion of deposits and acquired certain assets and 33 banking centers from the FDIC as receiver for the failed Franklin Bank.

Purchased three U.S. Bank branches to expand Prosperity's Texas retail deposit footprint.

Purchased 19 First Bank branches, retaining 15 banking centers and adding scale in Texas markets.

Acquired the parent of Bank of Texas (Austin), adding two banking centers in the Austin market.

Acquired a single-office bank in Arlington, Texas, within the Dallas-Fort Worth market.

Acquired the parent of American State Bank, a 37-banking-center West Texas franchise, in one of Prosperity's largest deals to date; total consideration was $536.8 million (8,524,835 shares valued at $358.3 million plus $178.5 million cash).

Acquired a single-office bank in Bellaire, Texas, within the Houston market.

Acquired the parent of First Federal Bank Texas to increase market share in the East Texas (Tyler MSA) area.

Acquired the parent of Coppermark Bank to expand Prosperity's market into Oklahoma while adding Dallas-area offices.

Acquired the parent of First Victoria National Bank to expand Prosperity's Central and South Texas markets, adding roughly 20 retained banking centers.

Acquired the parent of The F&M Bank & Trust Company (Tulsa, Oklahoma), deepening Prosperity's Oklahoma presence and adding Dallas offices.

Acquired the parent of Tradition Bank, a seven-office Houston-area franchise, for total merger consideration of $71.5 million (679,528 shares plus $39.0 million cash).

Prosperity's transformational merger with LegacyTexas, a $10.5 billion-asset Plano-based bank with 42 North Texas locations; total consideration was $2,128.3 million (26,228,148 shares valued at $1,810.3 million plus $318.0 million cash).

Through the second largest bank merger in the history of Texas, our combined companies create the second largest bank by deposits headquartered in Texas.

Acquired the parent of FirstCapital Bank of Texas, a $2.1 billion-asset, 16-office franchise across West, North and Central Texas; total consideration was valued at approximately $341.6 million at announcement (3,583,370 shares plus about $91.5 million cash).

Acquired the parent of Lone Star State Bank of West Texas, a $1.37 billion-asset, five-office Lubbock-based franchise; total consideration was valued at approximately $228.7 million at announcement (2,376,182 shares plus $64.1 million cash).

Acquired the Corpus Christi-based parent of American Bank, N.A., a $2.5 billion-asset franchise with 18 South and Central Texas offices; total consideration was valued at approximately $321.5 million at announcement (4,439,981 shares).

We have followed American Bank closely for more than two decades and have tremendous respect for the bank and for the people that have contributed to its success.

Acquired the San Antonio-based parent of Texas Partners Bank, an 11-office Central Texas franchise; consideration was disclosed only as an aggregate of roughly 4.06-4.09 million Prosperity shares, with no stated dollar value.

Announced a definitive agreement to acquire Houston-based Stellar Bancorp (52 offices), a deal valued at approximately $2.00 billion that would make Prosperity the largest Texas-based bank in the Houston deposit market; the merger is pending regulatory and shareholder approval.

As a result, we view the transaction as a low-risk combination that significantly enhances our Texas footprint.