MergerApr 22, 2026, 08:11 AM
Prosperity Bancshares & Stellar Bancorp Secure All Merger Approvals
AI Summary
Prosperity Bancshares, Inc. and Stellar Bancorp, Inc. announced the receipt of all necessary regulatory approvals for their proposed merger. This includes a waiver from the Federal Reserve Bank of Dallas and approvals from the Federal Deposit Insurance Corporation and the Texas Department of Banking. With all regulatory hurdles cleared, the merger's completion, anticipated around July 1, 2026, now primarily depends on Stellar shareholder approval and other customary closing conditions.
Key Highlights
- All regulatory approvals for the merger of Prosperity Bancshares and Stellar Bancorp have been secured.
- Approvals received from Federal Reserve Bank of Dallas, FDIC, and Texas Department of Banking.
- Stellar shareholders meeting to vote on the merger is scheduled for May 27, 2026.
- The merger is expected to be completed on or about July 1, 2026.