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Prosperity Bancshares, Inc. is a bank holding company headquartered in Houston, Texas with operations in Texas and central Oklahoma.As of December 31, 2019, the company operated 285 branches: 65 in the Houston area, including The Woodlands, Texas; 30 in South Texas, including Corpus Christi, Texas and Victoria, Texas; 75 in the Dallas–Fort Worth metroplex; 22 in East Texas; 29 in Central ...
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The bank was found in 1952 in Plano, Texas, as a community bank for the surrounding North Texas area. Since then it had grown to be one of the biggest banks in Texas and the biggest locally in North Texas. In 2015, ViewPoint Financial Group acquired LegacyTexas Bank, merging it with ViewPoint Bank to become one bank under the LegacyTexas name.
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American State Bank did not accept any bailout funds from the federal government. On February 27, 2012, Houston-based Prosperity Bancshares , the parent company of Prosperity Bank, announced that it had signed a merger agreement with ASB, whereby ASB will merge into Prosperity Bank subject to shareholder and regulatory approval.