Prosperity Bancshares, Inc. (PB), the parent company of Prosperity Bank®, and American Bank Holding Corporation, the parent holding company of American Bank, N.A., have signed a definitive merger agreement, whereby Prosperity will acquire American and American Bank.
Under the agreement, Prosperity Bancshares will issue 4,439,981 shares of its common stock. Based on the closing price of $72.40 on July 16, 2025, the total consideration is valued at approximately $321.5 million.
The merger is expected to be completed in the fourth quarter of 2025 or the first quarter of 2026.
“I could not be more excited about partnering with Ben, Patt, Steve and the management team and other professionals of American Bank,” said David Zalman, Senior Chairman and Chief Executive Officer of Prosperity Bancshares. “We have followed American Bank closely for more than two decades and have tremendous respect for the bank and for the people that have contributed to its success,” he added.
