Prosperity Bancshares on Track for Merger Closing in July

By Chris Stiles • Wednesday, April 22 10:20 • Permanent Link

Prosperity Bancshares and Stellar Bancorp said they have cleared the regulatory hurdle for their pending deal, moving the transaction closer to a closing expected around July 1, 2026.

The companies said the Federal Reserve Bank of Dallas granted a waiver of prior approval for the holding company merger, while the Federal Deposit Insurance Corporation and the Texas Department of Banking approved the merger of Stellar Bank into Prosperity Bank after the holding companies combine.

Stellar shareholders are set to vote on the merger agreement at a special meeting on May 27, 2026.

Prosperity said it had $38.463 billion in assets as of Dec. 31, 2025. The Houston-based bank operates 312 full-service banking locations across Texas and Oklahoma, including 62 in the Houston area, 61 in Dallas/Fort Worth, 45 in West Texas, 36 in South Texas, 28 in Central Texas, 22 in East Texas, 15 in Bryan/College Station, 11 in San Antonio under Texas Partners Bank, 18 in central and south Texas under American Bank, 8 in Tulsa and 6 in central Oklahoma.

Stellar Bancorp is also based in Houston. Its banking subsidiary serves small and medium-sized businesses and individual customers in Houston, Dallas, Beaumont and surrounding Texas communities. Today the company's shares have moved 0.36% to a price of $66.44. If you want to know more, read the company's complete 8-K report here.

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