PR Newswire
HOUSTON, April 1, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® ("Prosperity") (NYSE: PB), the parent company of Prosperity Bank®, today announced 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.
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