San Antonio, Texas, February 11, 2026
Prosperity Bancshares, Inc. has successfully completed its acquisition of Southwest Bancshares, Inc., the parent company of Texas Partners Bank. This strategic acquisition bolsters Prosperity’s presence in Central Texas, particularly within San Antonio. The merger is valued at approximately $269 million and includes leadership changes that will enhance management within Prosperity Bank. This move aligns with Prosperity’s expansion strategy and aims to better serve a growing customer base while increasing operational efficiencies.
San Antonio, Texas – Prosperity Bancshares Completes Acquisition of Texas Partners Bank
San Antonio, Texas – Prosperity Bancshares, Inc. has finalized its acquisition of Southwest Bancshares, Inc., the parent company of Texas Partners Bank, effective February 1, 2026. This strategic move enhances Prosperity’s presence in Central Texas, particularly in the San Antonio area.
Details of the Acquisition
The merger agreement, valued at approximately $269 million, involved Prosperity issuing 4,095,397 shares of its common stock to Southwest’s shareholders and award holders. Texas Partners Bank, headquartered in San Antonio, operates eleven banking offices across Central Texas, including locations in San Antonio, Austin, and the Hill Country. As of June 30, 2025, Southwest reported total assets of $2.4 billion, total loans of $1.9 billion, and total deposits of $2.1 billion.
Leadership Changes
Brent Given, former Interim Chairman, President, and CEO of Texas Partners Bank, has joined Prosperity Bank as San Antonio Area Chairman. Tom Moreno, Texas Partners’ Chief Operating Officer, assumes a senior management role within Prosperity Bank’s operations. Additionally, Gene Dawson, Jr., Southwest’s Interim Chairman, President, and CEO, has been appointed to Prosperity Bank’s Board of Directors.
Strategic Significance
This acquisition aligns with Prosperity’s strategy to expand its footprint in the rapidly growing San Antonio and Hill Country regions. The combined entity now operates 301 full-service banking locations across Texas and Oklahoma, enhancing its ability to serve a broader customer base with a more extensive range of financial services.
Background Context
Prosperity Bancshares, Inc., headquartered in Houston, Texas, is the parent company of Prosperity Bank. The company has a history of growth through strategic acquisitions, including the recent merger with American Bank Holding Corporation and American Bank, N.A., which was completed on January 1, 2026. These mergers are part of Prosperity’s ongoing efforts to strengthen its market position and deliver value to shareholders and customers alike.
Financial Performance
As of December 31, 2025, Prosperity reported total assets of $38.463 billion. The company continues to focus on operational efficiency, sound credit quality, and growth through opportunistic mergers and acquisitions to enhance shareholder value and expand its service offerings across Texas and Oklahoma.
Prosperity Bancshares Stock Information
As of February 11, 2026, Prosperity Bancshares Inc. (NYSE: PB) is trading at $75.57 per share, reflecting a 0.94% increase from the previous close. The stock has shown solid revenue growth and is considered undervalued according to recent analyses.
Frequently Asked Questions (FAQ)
What is the value of the acquisition between Prosperity Bancshares and Southwest Bancshares?
The merger agreement is valued at approximately $269 million, with Prosperity issuing 4,095,397 shares of its common stock to Southwest’s shareholders and award holders.
Who are the key executives involved in the merger?
Brent Given, former Interim Chairman, President, and CEO of Texas Partners Bank, has joined Prosperity Bank as San Antonio Area Chairman. Tom Moreno, Texas Partners’ Chief Operating Officer, assumes a senior management role within Prosperity Bank’s operations. Additionally, Gene Dawson, Jr., Southwest’s Interim Chairman, President, and CEO, has been appointed to Prosperity Bank’s Board of Directors.
How many banking locations does Prosperity Bank operate after the acquisition?
After the acquisition, Prosperity Bank operates 301 full-service banking locations across Texas and Oklahoma, enhancing its ability to serve a broader customer base with a more extensive range of financial services.
What were Prosperity Bancshares’ total assets as of December 31, 2025?
As of December 31, 2025, Prosperity Bancshares reported total assets of $38.463 billion, reflecting its strong financial position in the banking sector.
What is the current stock price of Prosperity Bancshares?
As of February 11, 2026, Prosperity Bancshares Inc. (NYSE: PB) is trading at $75.57 per share, reflecting a 0.94% increase from the previous close.
Key Features of the Acquisition
| Feature | Details |
|---|---|
| Acquisition Value | Approximately $269 million |
| Shares Issued | 4,095,397 shares of Prosperity common stock |
| Number of Banking Locations | 301 full-service banking locations across Texas and Oklahoma |
| Total Assets (as of December 31, 2025) | $38.463 billion |
| Prosperity Bancshares Stock Price (as of February 11, 2026) | $75.57 per share |
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