About This Deal

Prosperity Bancshares acquired South Texas Bancshares, Inc. (Commercial National Bank), a transaction announced in 1999.

Acquired the parent of Commercial National Bank, adding three banking centers as Prosperity began its post-IPO Texas roll-up strategy.

Acquired the parent of Commercial National Bank, adding three banking centers as Prosperity began its post-IPO Texas roll-up strategy.

Deal Terms

Acquirer
Prosperity Bancshares
Target
South Texas Bancshares, Inc. (Commercial National Bank)
Value
Not disclosed
Date
1999
Type
Full acquisition
Status
Completed

Transaction Details

Announced
1999

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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