Prosperity Bancshares, Inc. Announces Executive Changes
June 17, 2019 at 06:53 am EDT
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On June 16, 2019, Prosperity Bancshares, Inc. entered into an Agreement and Plan of Reorganization (the Merger Agreement) with LegacyTexas Financial Group, Inc. Pursuant to the Merger Agreement, subject to the satisfaction or waiver of certain conditions, LegacyTexas will merge with and into Prosperity (the Merger), with Proserity continuing as the resulting corporation in the Merger (the Resulting Corporation). The Merger Agreement also provides that effective immediately after the Effective Time, Kevin Hanigan, Bruce Hunt and George Fisk will be appointed to the board of directors of the Resulting Corporation, subject to each nominee (other than Mr. Hanigan) qualifying as an independent director of Prosperity. Kevin Hanigan, LegacyTexas President and Chief Executive Officer, will join the Prosperity team as the President and Chief Operating Officer of Prosperity. Mays Davenport, LegacyTexas EVP and Chief Financial Officer, will be named EVP and Director of Corporate Strategy of Prosperity. Scott Almy, Tom Swiley, Chuck Eikenberg and Aaron Shelby will hold senior management positions at Prosperity Bank.
Prosperity Bancshares, Inc. is a regional financial holding company providing personal banking services and investments to consumers and businesses throughout Texas and Oklahoma. The Company's traditional deposit products include certificates of deposit, interest-checking accounts, money market accounts and savings accounts. It also offers digital banking solutions, credit and debit cards, mortgage services, retail brokerage services, trust and wealth management, and treasury management. It operates around 288 full-service banking locations: 65 in the Houston area, including The Woodlands; 30 in the South Texas area including Corpus Christi and Victoria; 62 in the Dallas/Fort Worth area; 22 in the East Texas area; 31 in the Central Texas area including Austin and San Antonio; 49 in the West Texas area including Lubbock, Midland-Odessa, Abilene, Amarillo and Wichita Falls; 15 in the Bryan/College Station area; 6 in the Central Oklahoma area; and 8 in the Tulsa, Oklahoma area.
PROSPERITY BANCSHARES, INC. 
