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0 0 -0.000317007449675117 -0.000792518624187623 -0.00110952607386274 -0.000475511174512619 0.000713266761768929 0.000951022349025238
Stock impact report

Prosperity Bancshares (PB) Completes Lone Star Acquisition [Yahoo! Finance]

Prosperity Bancshares, Inc. (PB) 
Last prosperity bancshares, inc. earnings: 4/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: prosperitybankusa.com/press.aspx
Company Research Source: Yahoo! Finance
Per the terms of the transaction, Prosperity Bancshares issued 2.38 million shares and paid $64.1 million in cash. The regulatory approvals necessary for the completion of the deal were received last month, while the Lone Star shareholders gave the consent in March 2023. Alan Lackey, CEO of Lone Star, and Melisa Roberts, chief lending officer of Lone Star, will be leading Prosperity Bank's West Texas Area department as president and vice president, respectively. They will be joining Mike Marshall, chairman of the West Texas department. Other members of Lone Star management will retain leadership roles in the combined entity. Lone Star operates five banking offices located in West Texas, including one each in Brownfield, Midland, Odessa and Big Spring. As of Dec 31, 2023, Lone Star had total assets of $1.37 billion, total loans of $1.08 billion and total deposits of $1.21 billion. The Lone Star banking network will continue to operate under its name until the operational integra Show less Read more
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