Business
AMERICAN BANK HOLDING CORPORATION SHAREHOLDERS APPROVE ACQUISITION BY PROSPERITY BANCSHARES, INC.®
Prosperity Bancshares, Inc.® (NYSE: PB) ("Prosperity"), the parent company of Prosperity Bank®, and American Bank Holding Corporation ("American"), the parent holding company of American Bank, N.A. ("American Bank"), headquartered in Corpus Christi, Texas, today jointly announced that the shareholders of American have approved the previously announced proposed merger of American with and into Prosperity, with Prosperity continuing as the surviving corporation, to be followed by the proposed merg
About this update from Prosperity Bancshares, Inc.
[{"type":"text","content":"HOUSTON AND CORPUS CHRISTI, Texas, Nov. 4, 2025 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB) ("Prosperity"), the parent company of Prosperity Bank®, and American Bank Holding Corporation ("American"), the parent holding company of American Bank, N.A. ("American Bank"), headquartered in Corpus Christi, Texas, today jointly announced that the shareholders of American have approved the previously announced proposed merger of American with and into Prosperity, with Prosperity continuing as the surviving corporation, to be followed by the proposed merger of American Bank with and into Prosperity Bank. The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Texas Department of Banking have approved the transaction.","length":807,"tagName":"p"},{"type":"text","content":"All required regulatory and shareholder approvals to complete the transaction have now been received and the transaction is expected to be completed on January 1, 2026, subject to the satisfaction or waiver of the remaining customary closing conditions set forth in the merger agreement between Prosperity and American (the "Merger Agreement").","length":354,"tagName":"p"},{"type":"text","content":"About Prosperity Bancshares, Inc. ®","length":35,"tagName":"p"},{"type":"text","content":"As of September 30, 2025, Prosperity Bancshares, Inc.® is a $38.330 billion Houston, Texas based regional financial holding company providing personal banking services and investments to consumers and businesses throughout Texas and Oklahoma. Founded in 1983, Prosperity believes in a community banking philosophy, taking care of customers, businesses and communities in the areas it serves by providing financial solutions to simplify everyday financial needs. In addition to offering traditional deposit and loan products, Prosperity offers digital banking solutions, credit and debit cards, mortgage services, retail brokerage services, trust and wealth management, and treasury management.","length":693,"tagName":"p"},{"type":"text","content":"Prosperity currently operates 283 full-service banking locations: 62 in the Houston area, including The Woodlands; 33 in the South Texas area including Corpus Christi and Victoria; 61 in the Dallas/Fort Worth area; 22 in the East Texas area; 31 in the Centra...