M&A Deal Summary

Prosperity Bank Acquires American Bank

On July 18, 2025, Prosperity Bank acquired financial services company American Bank for 322M USD

Acquisition Highlights
  • This is Prosperity Bank’s 15th transaction in the Financial Services sector.
  • This is Prosperity Bank’s 5th largest (disclosed) transaction.
  • This is Prosperity Bank’s 15th transaction in the United States.
  • This is Prosperity Bank’s 13th transaction in Texas.

M&A Deal Summary

Date 2025-07-18
Target American Bank
Sector Financial Services
Buyer(s) Prosperity Bank
Deal Type Merger
Deal Value 322M USD
Advisor(s) Stephens (Financial)
Norton Rose Fulbright (Legal)

Target

American Bank

Corpus Christi, Texas, United States
American Bank is a Texas-based commercial and retail bank that provides personal and business banking solutions, including checking and savings accounts, commercial loans, equipment finance, mortgage, and wealth management services. The Bank was founded in 1970 and is headquartered in Corpus Christi, Texas.

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Buyer(S) 1

Buyer

Prosperity Bank

Houston, Texas, United States

Category Company
Founded 1983
Sector Financial Services
Employees3,896
Revenue 1.1B USD (2024)
DESCRIPTION

Prosperity Bank provides a line of financial products and services to small and medium-sized businesses, and consumers. Prosperity Bank was founded in 1983 and is based in Houston, Texas.


DEAL STATS #
Overall 15 of 15
Sector: Financial Services M&A 15 of 15
Type: Merger M&A Deals 1 of 1
State: Texas M&A 13 of 13
Country: United States M&A 15 of 15
Year: 2025 M&A 1 of 1
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 Lone Star State Bank

Lubbock, Texas, United States

Lone Star State Bank operates five 5 banking offices in the West Texas area, including its main office in Lubbock, and one banking center in each Brownfield, Midland, Odessa, and Big Spring, Texas. Lone Star State Bank is based in Lubbock, Texas.

Buy $229M