Prosperity Bancshares, Inc. to acquire Stellar Bancorp, Inc.

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.