During Wednesday's early trading session, shares of financial holding company Prosperity Bancshares (PB) remained relatively flat. The company announced plans to acquire Southwest Bancshares for approximately $268.9 million to expand its footprint in the central Texas market. The core management team from Texas Partners bank will join the combined organization.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.