Prosperity Bancshares acquired American State Financial Corporation (American State Bank) for $536.8 million, a transaction announced in July 2012.
Acquired the parent of American State Bank, a 37-banking-center West Texas franchise, in one of Prosperity's largest deals to date; total consideration was $536.8 million (8,524,835 shares valued at $358.3 million plus $178.5 million cash).
Acquired the parent of American State Bank, a 37-banking-center West Texas franchise, in one of Prosperity's largest deals to date; total consideration was $536.8 million (8,524,835 shares valued at $358.3 million plus $178.5 million cash).
Advisory firms were not disclosed for this transaction.