PROSPERITY BANCSHARES, INC.® COMPLETES MERGER WITH LONE STAR STATE BANCSHARES, INC.
HOUSTON, April 1, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® ("Prosperity") (NYSE: PB), the parent company of Prosperity Bank®, today announced the completion of the merger of Lone Star State Bancshares, Inc. ("LS Bancshares") with and into Prosperity and the merger of LS Bancshares' wholly owned subsidiary, Lone Star State Bank of West Texas ("Lone Star"), headquartered in Lubbock, Texas, with and into Prosperity Bank, all effective on April 1, 2024.
- HOUSTON, April 1, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® ("Prosperity") (NYSE: PB), the parent company of Prosperity Bank®, today announced the completion of the merger of Lone Star State Bancshares, Inc. ("LS Bancshares") with and into Prosperity and the merger of LS Bancshares' wholly owned subsidiary, Lone Star State Bank of West Texas ("Lone Star"), headquartered in Lubbock, Texas, with and into Prosperity Bank, all effective on April 1, 2024.
- Alan Lackey, Lone Star Chief Executive Officer, will serve as West Texas Area President and Melisa Roberts, Lone Star Chief Lending Officer, will serve as West Texas Area Vice President, joining Mike Marshall, Prosperity Bank's West Texas Area Chairman.
- Lone Star banking locations will continue to operate under the Lone Star name until the operational integration, which is scheduled for October 28, 2024.
- At that time, Lone Star customers may begin using any of Prosperity Bank's combined 288 full service banking centers.