About This Deal

Prosperity Bancshares acquired Tradition Bancshares, Inc. (Tradition Bank) for $71.5 million, a transaction announced in January 2016.

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).

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).

Deal Terms

Acquirer
Prosperity Bancshares
Target
Tradition Bancshares, Inc. (Tradition Bank)
Value
$71.5 million
Date
January 2016
Type
Full acquisition
Status
Completed

Transaction Details

Announced
January 1, 2016

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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