M&A Deal Summary

Prosperity Bank Acquires F&M Bancorp.

On August 29, 2013, Prosperity Bank acquired financial services company F&M Bancorp.

Acquisition Highlights
  • This is Prosperity Bank’s 9th transaction in the Financial Services sector.
  • This is Prosperity Bank’s 9th transaction in the United States.
  • This is Prosperity Bank’s 2nd transaction in Oklahoma.

M&A Deal Summary

Date 2013-08-29
Target F&M Bancorp.
Sector Financial Services
Buyer(s) Prosperity Bank
Deal Type Add-on Acquisition

Target

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.

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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 9 of 15
Sector: Financial Services M&A 9 of 15
Type: Add-on Acquisition M&A Deals 9 of 14
State: Oklahoma M&A 2 of 2
Country: United States M&A 9 of 15
Year: 2013 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-31 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.

Buy $214M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-01 FVNB

Victoria,, Texas, United States

FVNB Corp. offers general commercial banking services to businesses and individuals located in southeast Texas and company operates as a bank holding company for First Victoria National Bank.FVNB, on a consolidated basis, reported total assets of $2.47 billion, total loans of $1.65 billion and total deposits of $2.20 billion.

Buy $439M