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Stock impact report

PROSPERITY BANCSHARES, INC.® COMPLETES MERGER WITH LONE STAR STATE BANCSHARES, INC. [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
the completion of the merger of Lone Star State Bancshares, Inc. ("LS Bancshares") with and into Prosperity and the merger of LS Bancshares' wholly owned subsidiary, Lone Star State Bank of West Texas Lone Star "), headquartered in Lubbock, Texas , with and into Prosperity Bank, all effective on April 1, 2024 Under the terms of the definitive agreement, Prosperity issued 2,376,182 shares of Prosperity common stock plus approximately $64.1 million in cash for all outstanding shares and dilutive securities of LS Bancshares. Alan Lackey Lone Star Chief Executive Officer, will serve as West Texas Area President and Melisa Roberts Lone Star Chief Lending Officer, will serve as West Texas Area Vice President, joining Mike Marshall , Prosperity Bank's West Texas Area Chairman. Additional members of Lone Star management will maintain leadership roles in the combined organization. Lone Star operated five (5) banking centers in the West Texas area, including its main office in Lubbock , a Show less Read more
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