M&A Deal Summary

Prosperity Bank Acquires Coppermark Bancshares

On March 31, 2013, Prosperity Bank acquired financial services company Coppermark Bancshares for 214M USD

Acquisition Highlights
  • This is Prosperity Bank’s 8th transaction in the Financial Services sector.
  • This is Prosperity Bank’s 6th largest (disclosed) transaction.
  • This is Prosperity Bank’s 8th transaction in the United States.
  • This is Prosperity Bank’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2013-03-31
Target Coppermark Bancshares
Sector Financial Services
Buyer(s) Prosperity Bank
Deal Type Add-on Acquisition
Deal Value 214M USD

Target

Coppermark Bancshares

Oklahoma City,, Oklahoma, United States
Coppermark Bancshares, Inc. operated 9 full-service banking offices: 6 in Oklahoma City, Oklahoma and surrounding areas and 3 in the Dallas, Texas area.Coppermark reported, on a consolidated basis, total assets of $1.25 billion, total loans of $847.6 million and total deposits of $1.12 billion.

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Buyer(S) 1

Buyer

Prosperity Bank

Houston, Texas, United States
Category Company
Founded 1983
Sector Financial Services
Employees3,901
Revenue 1.1B USD (2023)
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 8 of 14
Sector (Financial Services) 8 of 14
Type (Add-on Acquisition) 8 of 14
State (Oklahoma) 1 of 2
Country (United States) 8 of 14
Year (2013) 2 of 4
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 East Texas Financial Services

Tyler,, Texas, United States

East Texas Financial Services operated4 banking offices in the Tyler MSA, including 3 locations in Tyler, Texas and 1 location in Gilmer, Texas., East Texas Financial Services reported, on a consolidated basis, total assets of $165.0 million, total loans of $129.3 million and total deposits of $112.3 million.

Buy $22M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-29 F&M Bancorp.

Tulsa,, Oklahoma, United States

F&M Bancorp., Inc.provides banking and financial services for individual and commercial customers, through its subsidiary The F&M Bank & Trust Company. Company reported total assets $2.57 billion, total loans of $1.76 billion and total deposits of $2.33 billion.

Buy -
Mergr

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