Prosperity Bancshares
USINFO | 2013-08-27 14:20

 
Prosperity Bancshares, Inc. is a bank holding company operating in various areas in Texas and central Oklahoma. The company is headquartered in Houston, Texas.

The company (through its main subsidiary, Prosperity Bank) operates (as of April 1, 2013) 224 branch locations, organized as follows:
  • 59 in the Greater Houston area
  • 20 in South Texas (including Corpus Christi and Victoria)
  • 38 in the Dallas/Fort Worth Metroplex
  • 23 in East Texas
  • 34 in Central Texas (including Austin and San Antonio)
  • 34 in West Texas
  • 10 in the Bryan/College Station area
  • six in the Central Oklahoma area
The company was formed in 1983 as a vehicle to purchase a former Allied Bank branch in Edna, Texas. The Edna bank dated back to 1949 as the First National Bank of Edna.[2]

Beginning in the late 1980s, the company acquired several small- and medium-sized bank holding companies, all of which were located in Texas and several of which had failed and were taken over by the Federal Deposit Insurance Corporation (FDIC)
 
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