About This Deal
Prosperity Bancshares acquired South Texas Bancshares, Inc. (Commercial National Bank), a transaction announced in 1999.
Acquired the parent of Commercial National Bank, adding three banking centers as Prosperity began its post-IPO Texas roll-up strategy.
Acquired the parent of Commercial National Bank, adding three banking centers as Prosperity began its post-IPO Texas roll-up strategy.
Deal Terms
Acquirer
Prosperity Bancshares
Target
South Texas Bancshares, Inc. (Commercial National Bank)
Value
Not disclosed
Date
1999
Type
Full acquisition
Status
Completed
Transaction Details
Announced
1999
Advisors
Advisory firms were not disclosed for this transaction.
Related Deals & Entities
Sources:
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