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Business Description
Prosperity Bancshares, Inc. is a financial holding company. The Company operates through its bank subsidiary, Prosperity Bank (the Bank). The Bank provides a broad line of financial products and services to small and medium-sized businesses and consumers. The Company added a net of two banking centers in Tyler, TX in connection with its acquisition of East Texas Financial Services (East Texas) on January 1, 2013, after consolidations. In April 2014, the Company announced that it has completed the merger of F&M Bancorporation Inc. (FMBC) with and into Prosperity and merger of FMBC's wholly owned subsidiary, The F&M Bank & Trust Company (F&M Bank).