Prosperity completes merger with Stellar Bancorp
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- Prosperity Bancshares (NYSE:PB) completed its merger with Stellar Bancorp effective July 1, 2026.
- Stellar shareholders received 0.3803 Prosperity shares plus $11.36 cash per Stellar share.
- The transaction adds 52 Stellar banking offices in Texas and integrates Stellar Bank into Prosperity Bank.
Prosperity Bancshares (NYSE:PB) completed its merger with Stellar Bancorp effective July 1, 2026, including the merger of Stellar Bank into Prosperity Bank.
Each Stellar share received 0.3803 Prosperity shares plus $11.36 cash.
Key Stellar executives joined Prosperity leadership and boards, and 52 Stellar banking offices in Texas were added to the network.
Stellar Bank branches will keep their name until operational integration, scheduled for March 2027, after which Stellar customers can use any Prosperity Bank full-service center.
The merger expands Prosperity Bancshares’ presence in the Texas banking market through the addition of Stellar’s established branches and customer relationships.
