NewsHK
(NYSE: PB), the Houston-based parent of Prosperity Bank, completed its acquisition of Stellar Bancorp, Inc.
on July 1, 2026, folding the rival Texas franchise into Prosperity's corporate structure as regional lenders across the Sun Belt face mounting pressure to build scale in a demanding rate environment.
The transaction also covered the merger of Stellar's wholly owned subsidiary operations, bringing both institutions fully under Prosperity's umbrella. One Bank Absorbed Into the Other Stellar Bancorp, Inc.
no longer exists as an independent company.
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