Acquisition History / Prosperity Bancshares, Inc. / Stellar Bancorp, Inc.
Prosperity Bancshares, Inc. Acquires Stellar Bancorp, Inc.
Announced January 27, 2026 — $590M
What happened
Prosperity Bancshares agreed on January 27, 2026 to acquire Texas-based Stellar Bancorp and completed the merger July 1, 2026. Total consideration was approximately $590M in cash and 19M shares of Prosperity common stock; Prosperity also assumed about $2.17B of Stellar's FHLB obligations.
- Acquirer
- Prosperity Bancshares, Inc.
- Target
- Stellar Bancorp, Inc.
- Announced
- January 27, 2026
- Price
- $590M
- Industry
- Regional banking
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Prosperity Bancshares, Inc. acquire Stellar Bancorp, Inc.?
Prosperity Bancshares, Inc. acquired Stellar Bancorp, Inc. on January 27, 2026. This was Prosperity Bancshares, Inc.'s 1st publicly tracked acquisition out of 1 we have on record.
How much did Prosperity Bancshares, Inc. pay for Stellar Bancorp, Inc.?
Prosperity Bancshares, Inc. paid $590M for Stellar Bancorp, Inc..
What does Stellar Bancorp, Inc. do?
Prosperity Bancshares agreed on January 27, 2026 to acquire Texas-based Stellar Bancorp and completed the merger July 1, 2026. Total consideration was approximately $590M in cash and 19M shares of Prosperity common stock; Prosperity also assumed about $2.17B of Stellar's FHLB obligations.
What other Regional banking companies has Prosperity Bancshares, Inc. acquired?
Stellar Bancorp, Inc. is Prosperity Bancshares, Inc.'s only publicly tracked acquisition in Regional banking so far.