Business Wire·Apr 22, 2026, 8:00 AM ET

Prosperity Bancshares and Stellar Bancorp Announce Receipt of Regulatory Approvals for Prosperity's Pending Acquisition of Stellar

Prosperity Bancshares, Inc. (NYSE: PB) & Stellar Bancorp, Inc. (NYSE: STEL) received all regulatory approvals required to complete Prosperity's proposed acquisition of Stellar.
The Federal Reserve Bank of Dallas granted a waiver for the holding company merger, while the Federal Deposit Insurance Corporation & the Texas Department of Banking approved the merger of Stellar Bank into Prosperity Bank.
A special meeting for Stellar shareholders to vote on the January 27, 2026 Merger Agreement is scheduled for May 27, 2026.
The merger is expected to close on or about July 1, 2026, subject to Stellar shareholder approval & satisfaction of other customary closing conditions.
As of December 31, 2025, Prosperity Bancshares was a $38.463 billion holding company operating 312 full-service banking locations across Texas & Oklahoma.
Stellar Bancorp is a Houston-based holding company whose subsidiary, Stellar Bank, provides commercial banking services primarily to small- to medium-sized businesses in Texas.
The SEC declared the Form S-4 Registration Statement effective on April 21, 2026, with proxy statements expected to be mailed to Stellar shareholders starting around April 23, 2026.
The press release includes standard forward-looking statements & disclaimers regarding risks such as integration challenges, shareholder approval failure, & potential delays.