Prosperity Bancshares Is Set to Acquire Stellar Bank. Here's What Investors Need to Know.
2026-01-28 16:20:23 ET
The wave of bank mergers and acquisitions continued today. Prosperity Bancshares (NYSE: PB) announced an agreement to acquire Stellar Bancorp (NYSE: STEL) , creating a $54 billion-asset bank with a strong presence in the fast-growing Houston, Texas market.
Prosperity Bancshares will pay roughly $2 billion to acquire Stellar in a part-cash, part-stock transaction, with 70% of the value in stock. The total purchase has an implied value of $39.08 per Stellar share. Stellar shares traded roughly 12% higher, as of this writing. Two directors from Stellar's board of directors will also be added to Prosperity's board, and key Stellar executives will be retained.
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