55.1 F
Fort Worth
Sunday, October 25, 2020
Banking Prosperity, LegacyTexas merger receives regulatory approval

Prosperity, LegacyTexas merger receives regulatory approval

Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...

Prosperity Bancshares Inc.(NYSE: PB), the 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.

The merger is expected to be effective as of Nov. 1, 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.

A North Texas bank that has total reported assets of $9.3 billion completed a merger with a Houston-based financial holding company, expanding its reach.

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.

Latest News

Who killed Sweden’s prime minister? 1986 assassination of Olof Palme is finally solved – maybe

Andrew Nestingen, University of Washington It took 34 years,...

Fort Worth Police seeking man who robbed diners on Southside restaurant patio

Fort Worth Police are seeking a man who robbed diners at an outdoor patio on Hemphill Street on the city's Southside.

Democratic state Rep. Senfronia Thompson files to run for speaker of the Texas House

By Cassandra Pollock, The Texas Tribune Oct. 23, 2020 "Democratic state Rep. Senfronia Thompson...

Europe, U.S. watch case totals grow, debate new restrictions

CHICAGO (AP) — Confirmed coronavirus infections continued to soar Saturday in many parts of the U.S. and Europe. In some cases, so...

Authorities find 2 abducted girls after 2 boys are killed

By HEATHER HOLLINGSWORTH The Associated PressMISSION, Kan. (AP) — Authorities found two girls who were abducted from a Kansas home where two...