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Home Banking LegacyTexas and Prosperity merger expected to take place Nov. 1

LegacyTexas and Prosperity merger expected to take place Nov. 1

LegacyTexas Financial Grou, Inc. (Nasdaq: LTXB) on Oct. 21 announced that it has notified NASDAQ of the anticipated effective date of the previously-announced proposed merger with Prosperity Bancshares, Inc. will be effective as of Nov. 1.

That date is subject to the approval of the shareholders of Prosperity and the stockholders of LegacyTexas and the satisfaction or waiver of the other closing conditions described in the definitive merger agreement.

Following completion of the merger, the common stock of LegacyTexas will cease to be listed on the NASDAQ and will be deregistered under the Securities Exchange Act of 1934, as amended.

Houston-based parent company of Prosperity Bank, on Oct. 9 announced that it has received all regulatory approvals necessary to complete its previously announced merger with LegacyTexas Financial Group Inc. (NASDAQ: LTXB), the parent company of LegacyTexas Bank.

LegacyTexas Financial Group Bank, the parent company of LegacyTexas Bank, agreed to merge with Prosperity Bancshares, Inc., the companies announced on June 17.

LegacyTexas Bank is based in Plano. It operates 42 locations in 19 North Texas cities, including four in Fort Worth.