Prosperity Bancshares acquired Tradition Bancshares, Inc. (Tradition Bank) for $71.5 million, a transaction announced in January 2016.
Acquired the parent of Tradition Bank, a seven-office Houston-area franchise, for total merger consideration of $71.5 million (679,528 shares plus $39.0 million cash).
Acquired the parent of Tradition Bank, a seven-office Houston-area franchise, for total merger consideration of $71.5 million (679,528 shares plus $39.0 million cash).
Advisory firms were not disclosed for this transaction.