Stellar Bancorp Acquired by Prosperity Bancshares | Financial Services M&A Deal

Prosperity Bancshares has acquired Stellar Bancorp, a banking business in Texas, for $38.463 billion. Prosperity Bancshares acquisitions expand its regional financial services footprint by combining with Stellar Bancorp, the Houston-based parent of Stellar Bank, which provides commercial banking services to small businesses and local customers. The Stellar Bancorp acquisition supports Prosperity’s strategic acquisition strategy in TX acquisitions and strengthens its merger acquisition platform across Texas markets. This strategic acquisition is a financial services M&A merger acquisition announced in 2026, with regulatory approvals received from the Federal Reserve Bank of Dallas, the FDIC, and the Texas Department of Banking. The special meeting of Stellar shareholders is scheduled for May 27, 2026, and closing is expected around July 1, 2026, subject to customary conditions.