Washington, D.C., January 9, 2026 – The Federal Reserve Board has approved the merger of Prosperity Bancshares, Inc. (Houston, Texas) with Southwest Bancshares, Inc. (San Antonio, Texas), allowing Prosperity to indirectly acquire Texas Partners Bank, Southwest’s state nonmember bank subsidiary. Following the merger, Texas Partners will merge into Prosperity Bank, Prosperity’s state nonmember bank subsidiary.
The Board’s decision follows a review of financial, managerial, competitive, and community impact considerations under Section 3 of the Bank Holding Company Act.