Business
SOUTHWEST BANCSHARES, INC. SHAREHOLDERS APPROVE ACQUISITION BY PROSPERITY BANCSHARES, INC.®
Prosperity Bancshares, Inc.® (NYSE: PB) ("Prosperity"), the parent company of Prosperity Bank®, and Southwest Bancshares, Inc. ("Southwest"), the parent holding company of Texas Partners Bank ("Texas Partners"), headquartered in San Antonio, Texas, today jointly announced that the shareholders of Southwest have approved the previously announced proposed merger of Southwest with and into Prosperity, with Prosperity continuing as the surviving corporation, to be followed by the proposed merger of
About this update from Prosperity Bancshares, Inc.
[{"type":"text","content":"HOUSTON and SAN ANTONIO, Jan. 22, 2026 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB) ("Prosperity"), the parent company of Prosperity Bank®, and Southwest Bancshares, Inc. ("Southwest"), the parent holding company of Texas Partners Bank ("Texas Partners"), headquartered in San Antonio, Texas, today jointly announced that the shareholders of Southwest have approved the previously announced proposed merger of Southwest with and into Prosperity, with Prosperity continuing as the surviving corporation, to be followed by the proposed merger of Texas Partners 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 each approved the transaction.","length":808,"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 February 1, 2026, subject to the satisfaction or waiver of the remaining customary closing conditions set forth in the merger agreement between Prosperity and Southwest (the "Merger Agreement").","length":356,"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 301 full-service banking locations: 62 in the Houston area, including The Woodlands; 36 in the South Texas area including Corpus Christi and Victoria; 61 in the Dallas/Fort Worth area; 22 in the East Texas area; 28 in the Cen...