Prosperity Bancshares acquires LegacyTexas Financial Group, Inc. (LegacyTexas Bank)

Prosperity Bancshares acquired LegacyTexas Financial Group, Inc. (LegacyTexas Bank) for $2,128.3 million, a transaction announced in November 2019.

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).

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.

Advisory firms were not disclosed for this transaction.

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