Deal facts
- Buyer
- Prosperity Bancshares, Inc.
- Target
- Stellar Bancorp, Inc.
- Deal value
- Not disclosed
- Announced
- 1 July 2026
- Status
- Completed
- Sector
- Financial Services
- Country
- United States
- Consideration
- cash, shares
Sources
Prosperity Bancshares, Inc. has agreed to acquire Stellar Bancorp, Inc. in a strategic acquisition within the Financial Services sector. The transaction involves a mixed consideration structure comprising both cash and shares, although the specific deal value remains undisclosed. Both the buyer and the target are based in the United States, indicating a domestic consolidation of banking assets. The agreement was formally announced on 1 July 2026, and the parties confirmed that the deal was completed on the same day, suggesting an exceptionally rapid execution of the transaction process.
The transaction has now reached its final stage, with the last reported status confirming that the acquisition is complete. As a result, Stellar Bancorp, Inc. is no longer operating as an independent entity but has been fully integrated into the acquiring group. No further regulatory approvals or closing conditions are currently pending given the completed status of the deal. This acquisition represents a significant step for Prosperity Bancshares, Inc. in expanding its footprint within the US financial services market through the addition of Stellar Bancorp, Inc. to its existing portfolio of banking operations.
More M&A Tools
Explore the Toolkit
Tools, frameworks and AI assistants designed for entrepreneurs serious about M&A.
Access nowDeal timeline
1 update- CompletedClosed
Prosperity Bancshares, Inc. completes acquisition of Stellar Bancorp, Inc.
Item 2.01 Completion of Acquisition or Disposition of Assets. On July 1, 2026, Stellar Bancorp, Inc., a Texas corporation (“Stellar”), merged (the “Merger”) with and into Prosperity Bancshares, Inc., a Texas corporation (“Prosperity”), with Prosperity continuing as the surviving corporation (the “Surviving Corporation”) in the Merger pursuant to the Agreement and Plan of Merger, dated as of Januar
Source
Explore
Browse adjacent archives
Jump from this deal into the sector, buyer, deal type, and year views that carry the strongest contextual signal.
Similar deals
Similar deals
Other Financial Services M&A activity tracked by Exit Mode.
AtlasClear Holdings, Inc. to acquire Ark Financial Services, Inc.
AtlasClear Holdings, Inc. has agreed to acquire Ark Financial Services, Inc. in a strategic transaction announced on 15 October 2026. The combined entity will operate wi…
- Buyer
- AtlasClear Holdings, Inc.
- Target
- Ark Financial Services, Inc.
- Deal value
- USD 18,750,000
- Deal type
- strategic acquisition
Northrim BanCorp, Inc. to acquire PBCO Financial Corporation
Northrim BanCorp, Inc. has agreed to acquire PBCO Financial Corporation in a strategic transaction within the financial services sector. The deal was announced on 15 Oct…
- Buyer
- Northrim BanCorp, Inc.
- Target
- PBCO Financial Corporation
- Deal value
- Not disclosed
- Deal type
- strategic acquisition
FDCTech, Inc. to acquire Larstal Limited
FDCTech, Inc. has agreed to acquire Larstal Limited in a strategic acquisition. The transaction, announced on 14 October 2026, involves a headline offer of 2,350,000 USD…
- Buyer
- FDCTech, Inc.
- Target
- Larstal Limited
- Deal value
- USD 2,350,000
- Deal type
- strategic acquisition
Porch Group, Inc. to acquire Homeowners of America Holding Corporation
Porch Group, Inc. has agreed to acquire Homeowners of America Holding Corporation in a strategic acquisition. The transaction, announced on 13 October 2026, involves a c…
- Buyer
- Porch Group, Inc.
- Target
- Homeowners of America Holding Corporation
- Deal value
- Not disclosed
- Deal type
- strategic acquisition
Plus500 Ltd. to acquire Hedge Capital Markets Inc.
Plus500 Ltd. has agreed to acquire Hedge Capital Markets Inc. in a strategic acquisition. The transaction, announced on 13 October 2026, involves the purchase of the Uni…
- Buyer
- Plus500 Ltd.
- Target
- Hedge Capital Markets Inc.
- Deal value
- Not disclosed
- Deal type
- strategic acquisition
Buyer history
Prosperity Bancshares, Inc.
See every published Exit Mode archive entry where this buyer appears.
View buyer profileMethodology
How this page is built
Layer 1 facts come from source documents, Layer 2 turns those facts into a readable narrative, and Layer 3 only appears where the editorial team flags a founder-relevant deal.
Back to the archive