Original Source Material
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
Summary
- Prosperity Bank agrees to buy Stellar Bank in a $2 billion deal.
- This is Prosperity’s third acquisition since July.
Why It Matters for Texas Credit Unions
The article mentions a Texas-based lender (Prosperity Bank) and thus could have implications for Texas credit unions regarding competitive landscape and potential M&A activity.