Prosperity Bancshares acquired Franklin Bank (FDIC-assisted), a transaction announced in 2008.
In an FDIC-assisted transaction, Prosperity assumed approximately $3.6 billion of deposits and acquired certain assets and 33 banking centers from the FDIC as receiver for the failed Franklin Bank.
In an FDIC-assisted transaction, Prosperity assumed approximately $3.6 billion of deposits and acquired certain assets and 33 banking centers from the FDIC as receiver for the failed Franklin Bank.
Advisory firms were not disclosed for this transaction.