About This Deal

Prosperity Bancshares acquired American State Financial Corporation (American State Bank) for $536.8 million, a transaction announced in July 2012.

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 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).

Deal Terms

Acquirer
Prosperity Bancshares
Target
American State Financial Corporation (American State Bank)
Value
$536.8 million
Date
July 2012
Type
Full acquisition
Status
Completed

Transaction Details

Announced
July 1, 2012

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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