Prosperity Bancshares to Acquire Stellar Bancorp in $2 Billion Deal

Core Insights - Prosperity Bancshares has agreed to acquire Stellar Bancorp in a deal valued at approximately $2 billion, which will result in the formation of the second-largest bank by deposits headquartered in Texas [1] Company Summary - The acquisition will enhance Prosperity Bancshares' market position and expand its deposit base significantly [1] - The deal reflects ongoing consolidation trends within the banking industry, particularly among regional banks [1]