Original Content
The Houston-based lender agreed to buy Stellar Bank in a roughly $2 billion deal expected to close in the second quarter. The transaction would be Prosperity’s third announced acquisition since July.
Prosperity Bank continues its Texas tear
AI Summary
- Prosperity Bank agreed to buy Stellar Bank in a $2 billion deal.
- This transaction marks the third acquisition by Prosperity since July.
Texas Relevance
The article does not explicitly mention Texas, TX, TCUD, or any Texas-specific entities. The focus is on a merger between two banks in Houston, which may have broader implications for the banking industry but is not specific to Texas credit unions.