The Federal Reserve Board has approved the application from Prosperity Bancshares, Inc., based in Houston, Texas, to acquire Southwest Bancshares, Inc. This transaction will also result in the indirect acquisition of Texas Partners Bank, which is headquartered in San Antonio, Texas.
In a statement released Thursday, the Board said: “The Federal Reserve Board on Thursday announced its approval of the application by Prosperity Bancshares, Inc., located in Houston, Texas, to acquire Southwest Bancshares, Inc., and thereby indirectly acquire Texas Partners Bank, both of San Antonio, Texas.”