From Earlier: Prosperity Bancshares to Acquire The Bank Arlington

Prosperity Bancshares, Inc. PB announced the signing of a definitive agreement to acquire The Bank Arlington. This is the third acquisition announced by Prosperity within the past few months. The Bank Arlington operates one banking office in Arlington, Texas, in the Dallas-Fort Worth Metroplex. As of December 31, 2011, The Bank Arlington reported total assets of $37.3 million, total loans of $21.3 million and total deposits of $32.8 million. Under the terms of the definitive agreement, Prosperity will issue up to 138,600 shares of Prosperity common stock for all outstanding shares of The Bank Arlington capital stock, subject to certain conditions and potential adjustments.