Prosperity Bancshares Gets Regulatory Approvals to Close Lone Star State Bancshares Acquisition-February 2024-www.financetom.com

Prosperity Bancshares Gets Regulatory Approvals to Close Lone Star State Bancshares Acquisition

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Prosperity Bancshares Gets Regulatory Approvals to Close Lone Star State Bancshares Acquisition

Mar 20, 2024 3:21 AM

05:54 AM EDT, 03/20/2024 (MT Newswires) -- Prosperity Bancshares ( PB ) said late Tuesday that it has received all the necessary regulatory approvals to complete its acquisition of Lone Star State Bancshares.

The merger is expected to be effective on April 1, subject to the satisfaction or waiver of customary closing conditions.

Lone Star Chief Executive Alan Lackey will join Prosperity Bank as West Texas Area president. Meanwhile, Lone Star Chief Lending Officer Melisa Roberts will join Prosperity Bank as West Texas Area vice president.

Lone Star banking locations will continue to operate under the Lone Star name until the operational integration, currently scheduled for Oct. 28.

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