About This Deal

Prosperity Bancshares acquired Franklin Bank (FDIC-assisted), a transaction announced in 2008.

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.

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.

Deal Terms

Acquirer
Prosperity Bancshares
Target
Franklin Bank (FDIC-assisted)
Value
Not disclosed
Date
2008
Type
Full acquisition
Status
Completed

Transaction Details

Announced
2008

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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