San Antonio, Texas, January 24, 2026
Prosperity Bancshares, Inc., headquartered in Houston, has completed its acquisition of Southwest Bancshares, Inc. and its subsidiary, Texas Partners Bank, in a deal valued at approximately $269 million. The transaction was finalized following all regulatory and shareholder approvals. The acquisition aims to strengthen Prosperity’s presence in the rapidly growing San Antonio and Hill Country regions, allowing for enhanced service to a broader customer base. Key leaders from Southwest Bancshares will be integrated into Prosperity’s management team, reinforcing the strategic significance of this expansion.
San Antonio, Texas – Prosperity Bancshares, Inc. Completes Acquisition of Southwest Bancshares, Inc. and Texas Partners Bank
San Antonio, Texas – Prosperity Bancshares, Inc., headquartered in Houston, Texas, has successfully completed its acquisition of Southwest Bancshares, Inc. and its subsidiary, Texas Partners Bank, headquartered in San Antonio, Texas. The transaction, valued at approximately $269 million, was finalized on February 1, 2026, following the receipt of all necessary regulatory and shareholder approvals.
Transaction Details
Under the terms of the definitive merger agreement, Prosperity Bancshares issued approximately 4.06 million shares of its common stock to acquire all outstanding shares of Southwest Bancshares and restricted stock awards. This all-stock transaction was based on Prosperity’s closing share price of $65.97 on September 29, 2025.
Financial Highlights
As of June 30, 2025, Southwest Bancshares reported total assets of $2.4 billion, total loans of $1.9 billion, and total deposits of $2.1 billion. Texas Partners Bank operates 11 banking offices in Central Texas, including its main office in San Antonio, with additional locations in Austin and the Hill Country.
Leadership and Integration
Brent Given, Interim Chairman, President, and CEO of Southwest Bancshares, will join Prosperity Bank as San Antonio Area Chairman. Tom Moreno, Chief Operating Officer of Texas Partners Bank, will assume a senior management position within Prosperity Bank’s operations. Additionally, Gene Dawson Jr., Interim Chairman, President, and CEO of Southwest Bancshares, will join the board of directors of Prosperity Bank.
Strategic Significance
This acquisition aligns with Prosperity Bancshares’ strategic objective to expand its presence in the rapidly growing San Antonio and Hill Country regions. The integration of Texas Partners Bank enhances Prosperity’s ability to serve a broader customer base and strengthens its position in the Texas banking market.
Background
Prosperity Bancshares, Inc. is a Houston-based financial holding company operating Prosperity Bank, which provides a range of personal and commercial banking services across Texas and Oklahoma. The acquisition of Southwest Bancshares, Inc. and Texas Partners Bank marks a significant milestone in Prosperity’s growth strategy, following its recent merger with American Bank Holding Corporation, completed on January 1, 2026.
Prosperity Bancshares Stock Performance
As of January 24, 2026, Prosperity Bancshares’ stock (NYSE: PB) is trading at $71.90, reflecting a slight decrease of $2.59 (-3.48%) from the previous close. The day’s trading range has seen a high of $74.95 and a low of $71.66, with an opening price of $74.01 and a volume of 701,876 shares.
Frequently Asked Questions (FAQ)
What is the value of the acquisition?
The acquisition of Southwest Bancshares, Inc. and Texas Partners Bank by Prosperity Bancshares, Inc. was valued at approximately $269 million.
When was the acquisition completed?
The acquisition was completed on February 1, 2026, following the receipt of all necessary regulatory and shareholder approvals.
What are the financial highlights of Southwest Bancshares, Inc.?
As of June 30, 2025, Southwest Bancshares reported total assets of $2.4 billion, total loans of $1.9 billion, and total deposits of $2.1 billion.
Who are the key leaders involved in the acquisition?
Brent Given, Interim Chairman, President, and CEO of Southwest Bancshares, will join Prosperity Bank as San Antonio Area Chairman. Tom Moreno, Chief Operating Officer of Texas Partners Bank, will assume a senior management position within Prosperity Bank’s operations. Additionally, Gene Dawson Jr., Interim Chairman, President, and CEO of Southwest Bancshares, will join the board of directors of Prosperity Bank.
What is the strategic significance of this acquisition?
This acquisition aligns with Prosperity Bancshares’ strategic objective to expand its presence in the rapidly growing San Antonio and Hill Country regions, enhancing its ability to serve a broader customer base and strengthening its position in the Texas banking market.
What is the current stock performance of Prosperity Bancshares?
As of January 24, 2026, Prosperity Bancshares’ stock (NYSE: PB) is trading at $71.90, reflecting a slight decrease of $2.59 (-3.48%) from the previous close. The day’s trading range has seen a high of $74.95 and a low of $71.66, with an opening price of $74.01 and a volume of 701,876 shares.
Key Features of the Acquisition
| Feature | Details |
|---|---|
| Acquisition Value | Approximately $269 million |
| Completion Date | February 1, 2026 |
| Financial Highlights of Southwest Bancshares, Inc. | Total assets: $2.4 billion; Total loans: $1.9 billion; Total deposits: $2.1 billion |
| Key Leadership Appointments | Brent Given as San Antonio Area Chairman; Tom Moreno in senior management; Gene Dawson Jr. on the board of directors |
| Strategic Significance | Expansion into San Antonio and Hill Country regions; Enhanced market position in Texas |
| Prosperity Bancshares Stock Performance | Trading at $71.90 as of January 24, 2026; Decrease of $2.59 (-3.48%) from previous close |
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