Prosperity Bancshares acquired Lone Star State Bancshares, Inc. (Lone Star State Bank of West Texas) for $228.7 million, a transaction announced in April 2024.
Acquired the parent of Lone Star State Bank of West Texas, a $1.37 billion-asset, five-office Lubbock-based franchise; total consideration was valued at approximately $228.7 million at announcement (2,376,182 shares plus $64.1 million cash).
Acquired the parent of Lone Star State Bank of West Texas, a $1.37 billion-asset, five-office Lubbock-based franchise; total consideration was valued at approximately $228.7 million at announcement (2,376,182 shares plus $64.1 million cash).
Advisory firms were not disclosed for this transaction.