Prosperity Bancshares, Inc. is a

bank holding company A bank holding company is a company that controls one or more banks, but does not necessarily engage in banking itself. The compound bancorp (''banc''/''bank'' + '' corp ration') is often used to refer to these companies as well. United States ...

headquartered in

Houston, Texas Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 in ...

with operations in

Texas Texas (, ; Spanish language, Spanish: ''Texas'', ''Tejas'') is a state in the South Central United States, South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2 ...

and central

Oklahoma Oklahoma (; Choctaw language, Choctaw: ; chr, ᎣᎧᎳᎰᎹ, ''Okalahoma'' ) is a U.S. state, state in the South Central United States, South Central region of the United States, bordered by Texas on the south and west, Kansas on the nor ...

. As of December 31, 2019, the company operated 285 branches: 65 in the Houston area, including

The Woodlands, Texas The Woodlands is a special-purpose district and census-designated place (CDP) in the U.S. state of Texas in the Houston–The Woodlands–Sugar Land metropolitan statistical area. The Woodlands is primarily located in Montgomery County, with por ...

; 30 in South Texas, including

Corpus Christi, Texas Corpus Christi (; Ecclesiastical Latin: "'' Body of Christ"'') is a coastal city in the South Texas region of the U.S. state of Texas and the county seat and largest city of Nueces County, it also extends into Aransas, Kleberg, and San Patrici ...

and

Victoria, Texas Victoria is a small city in South Texas and county seat of Victoria County, Texas. The population was 65,534 as of the 2020 census. The three counties of the Victoria Metropolitan Statistical Area had a population of 111,163 as of the 2000 censu ...

; 75 in the

Dallas–Fort Worth metroplex The Dallas–Fort Worth metroplex, officially designated Dallas–Fort Worth–Arlington by the U.S. Office of Management and Budget, is a conurbated metropolitan statistical area in the U.S. state of Texas encompassing 11 counties and anchore ...

; 22 in

East Texas East Texas is a broadly defined cultural, geographic, and ecological region in the eastern part of the U.S. state of Texas that comprises most of 41 counties. It is primarily divided into Northeast and Southeast Texas. Most of the region consi ...

; 29 in Central Texas, including

Austin, Texas Austin is the capital city of the U.S. state of Texas, as well as the county seat, seat and largest city of Travis County, Texas, Travis County, with portions extending into Hays County, Texas, Hays and Williamson County, Texas, Williamson co ...

and

San Antonio ("Cradle of Freedom") , image_map = , mapsize = 220px , map_caption = Interactive map of San Antonio , subdivision_type = Country , subdivision_name = United States , subdivision_type1= U.S. state, State , subdivision_name1 = Texas , s ...

; 34 in

West Texas West Texas is a loosely defined region in the U.S. state of Texas, generally encompassing the arid and semiarid lands west of a line drawn between the cities of Wichita Falls, Abilene, and Del Rio. No consensus exists on the boundary betwee ...

, including

Lubbock, Texas Lubbock ( ) is the 10th-most populous city in the U.S. state of Texas and the seat of government of Lubbock County. With a population of 260,993 in 2021, the city is also the 85th-most populous in the United States. The city is in the northw ...

Midland–Odessa Midland–Odessa is a metropolitan area located in West Texas approximately half-way between El Paso and Fort Worth, Texas. This combined statistical area (CSA) is made up of two metropolitan statistical areas (the Midland MSA and the Odessa MSA ...

, and

Abilene, Texas Abilene ( ) is a city in Taylor and Jones Counties in Texas, United States. Its population was 125,182 at the 2020 census, making it the 27th-most populous city in the state of Texas. It is the principal city of the Abilene metropolitan statis ...

; 16 in Bryan–College Station; 6 in

Central Oklahoma Central Oklahoma is the geographical name for the central region of the U.S. state of Oklahoma. It is also known by the Oklahoma Department of Tourism designation, Frontier Country, defined as the twelve-county region including Canadian, Grady, ...

; and 8 in

Tulsa, Oklahoma Tulsa () is the second-largest city in the state of Oklahoma and 47th-most populous city in the United States. The population was 413,066 as of the 2020 census. It is the principal municipality of the Tulsa Metropolitan Area, a region with ...

History

The company was formed in 1983 to purchase a former Allied Bank branch in

Edna, Texas Edna is a city in Jackson County, Texas, United States. The population was 5,499 at the 2010 census and 5,987 at the 2020 census. Edna is the county seat. Edna is the gateway to Lake Texana, which covers the site of Texana, Texas. Edna has ...

. The Edna bank dated back to 1949 as the First National Bank of Edna. In November 2008, in a transaction organized by the

Federal Deposit Insurance Corporation The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures cred ...

, the company acquired Franklin Bank, which suffered from

bank failure A bank failure occurs when a bank is unable to meet its obligations to its depositors or other creditors because it has become insolvent or too illiquid to meet its liabilities. A bank usually fails economically when the market value of its asset ...

. In 2010, the company acquired 3 branches in Texas as part of the acquisition of

FBOP Corporation FBOP Corporation was a financial services company based in Oak Park, Illinois, United States. As of mid-2009, it had $18.5 billion in assets and was the 46th largest bank holding company in the United States. On October 30, 2009, FBOP's banking ...

by U.S. Bancorp. In July 2012, the company acquired the 37-branch American State Bank, which provided the company its first locations in West Texas. In April 2013, the company acquired Coppermark Bank and its 9 branches, including 6 branches in Central Oklahoma, its first presence outside Texas. In November 2013, the company acquired First Victoria National Bank and its 34 branches. In April 2014, the company acquired F&M Bancorporation and its 13 branches, including several in

. In November 2019, the company acquired LegacyTexas Bank and its 42 branches.

References

External links

* * {{Authority control Holding companies of the United States Banks based in Texas Companies based in Houston American companies established in 1983 Banks established in 1983 Holding companies established in 1983 1983 establishments in Texas Companies listed on the New York Stock Exchange