Prosperity Bancshares and Stellar Bancorp said they have cleared the regulatory hurdle for Prosperity’s pending acquisition of Stellar, moving the deal closer to a planned close around July 1, 2026.
The Federal Reserve Bank of Dallas granted a waiver of prior approval for the holding company merger. The Federal Deposit Insurance Corporation and the Texas Department of Banking also approved the merger of Stellar Bank into Prosperity Bank after the holding companies combine.
Stellar shareholders are scheduled to vote on the merger agreement on May 27, 2026.
Prosperity said that, as of Dec. 31, 2025, it had $38.463 billion in assets and operated 312 full-service banking locations. Its footprint included 62 branches 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, 18 in central and south Texas doing business as American Bank, 11 in San Antonio doing business as Texas Partners Bank, 8 in the Tulsa area and 6 in central Oklahoma.
Stellar said its bank serves small* to medium-sized businesses and individual customers in Houston, Dallas, Beaumont and surrounding Texas communities. The market has reacted to these announcements by moving the company's shares -0.06% to a price of $36.23. For the full picture, make sure to review Stellar Bancorp's 8-K report.
