Financial M&A » By The Online Investor Staff, updated Tue., Jun. 22, 7:57 PM
Recent mergers and acquisitions in the Financial M&A category.
| This Slide: #89 of 100 |
Slide #89. Prosperity Bancshares, Inc. — F&M Bancorporation Inc.
Acquirer:
Prosperity Bancshares, Inc. (NYSE:PB)
Acquiree:
F&M Bancorporation Inc.
Details:
Prosperity Bancshares, Inc. ("Prosperity") (NYSE: PB), the parent company of Prosperity Bank, announced the completion of the merger of F&M Bancorporation Inc. ("FMBC") with and into Prosperity and the merger of FMBC's wholly owned subsidiary, The F&M Bank & Trust Company ("F&M Bank"), headquartered in Tulsa, Oklahoma, with and into Prosperity Bank, all effective on April 1, 2014.
Prosperity Bancshares is a financial holding company, engaged in providing a variety of financial products and services to businesses and consumers throughout Texas and Oklahoma. Co. is a real estate lender with commercial real estate (including multifamily residential), one-to-four family residential and construction, land development and other land loans. Co. also provides agricultural loans, loans for automobiles and other consumer durables, home equity loans, debit and credit cards, internet banking and other cash management services, mobile banking, trust and wealth management, retail brokerage services, mortgage banking services and automated telephone banking.
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Avg. Broker Rec.
 
|
Buy (2.55 out of 4) 6th percentile
(ranked lower than approx. 94% of all stocks covered)
Analysts' Target Price: PB Stock Forecast Based on Zacks ABR data; powered by Xignite |
