M&A - PROSPERITY BANCSHARES INC
Form Type: 425
Filing Date: 2025-07-18
Corporate Action: Merger
Type: New
Accession Number: 000095017025096757
Filing Summary: On July 18, 2025, Prosperity Bancshares, Inc. announced that it has entered into a definitive merger agreement with American Bank Holding Corporation. Under this agreement, American will merge with Prosperity. As part of the transaction, all outstanding stock and restricted stock awards of American will be converted into the right to receive an aggregate of 4,439,981 shares of Prosperity common stock, or cash for any fractional shares. The merger is subject to customary closing conditions, including regulatory approvals and shareholder approval from American, and is expected to close in the fourth quarter of 2025 or the first quarter of 2026. A slide presentation regarding the acquisition was posted on the Investor Relations page of Prosperity's website on the same date. The press release and presentation are attached as Exhibits 99.1 and 99.2, respectively.
Additional details:
Item 7 01 Disclosure: On July 18, 2025, Prosperity posted a slide presentation on its Investor Relations webpage regarding the acquisition.
Item 8 01 Event: The acquisition of American Bank Holding Corporation includes converting American's stock into Prosperity common stock.
Merger Agreement Details: The merger agreement stipulates that all outstanding stock and restricted stock awards of American will convert to Prosperity common stock or cash.
Expected Closing Date: The transaction is expected to close in Q4 2025 or Q1 2026.
Exhibits: Exhibits 99.1 and 99.2 attached for further information.
Form Type: 8-K
Filing Date: 2025-07-18
Corporate Action: Acquisition
Type: New
Accession Number: 000095017025096756
Filing Summary: On July 18, 2025, Prosperity Bancshares, Inc. announced a definitive merger agreement with American Bank Holding Corporation. Under the terms of the agreement, American will merge into Prosperity. The merger involves converting all outstanding stock and restricted stock awards of American into the right to receive an aggregate of 4,439,981 shares of Prosperity's common stock, with cash provided for fractional shares. The completion of the transaction is subject to regulatory approvals and approval by American's shareholders, and it is anticipated to close in the fourth quarter of 2025 or the first quarter of 2026. A press release and an investor presentation related to the acquisition were posted on Prosperity's Investor Relations page and these documents are incorporated by reference in this report.
Additional details:
Item 7 01 Disclosure: On July 18, 2025, Prosperity Bancshares posted a slide presentation regarding the proposed acquisition.
Item 8 01 Other Events: Prosperity entered into a merger agreement with American Bank Holding Corporation.
Item 9 01 Exhibits: Exhibit 99.1 is the investor presentation dated July 18, 2025; Exhibit 99.2 is the joint press release.
Comments
No comments yet. Be the first to comment!