Jan. 28, Stellar Bancorp Inc. entered into a definitive agreement to merge with Prosperity Bancshares Inc., creating “the second largest bank by assets headquartered in Texas,” officials announced.
The message to stakeholders indicated a goal to complete Stellar’s integration with Prosperity Bank in the first quarter of 2027.
“It’s business as usual,” a message to stakeholders read. “Please continue banking as you always have, with no immediate changes to your accounts, services, or the team you work with. Behind the scenes, we will be working diligently towards completing the merger in the second quarter of 2026.”
Bank assertions of anticipated benefits include: more locations and convenience for banking needs; enhanced products and services, including wealth management capability; and a wider community-based neighborhood impact.