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Prosperity Bancshares $2.1 billion acquisition of LegacyTexas Financial Group

17/6/2019
Public acquisition
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$ 2.1 billion

Announced

17/6/2019

Overview:

  • Prosperity Bancshares has acquired LegacyTexas Financial Group in a $2.1 billion deal. 
  • Keefe Bruyette & Woods acted as financial adviser for Prosperity and JP Morgan Securities advised LegacyTexas. 
  • The transaction is expected to close in the fourth quarter of 2019. 

Kurt Stumpo - US Editor

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Banking

Firms:
Bracewell

Party: Prosperity Bancshares (Acquirer)

Lawyers: Jason Jean, William Anderson

Shapiro Bieging Barber Otteson

Party: LegacyTexas Financial Group (Target)

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