Prosperity Bancshares, Community National Bank - Bellaire, Complete Merger With

Prosperity Bancshares PB, the parent company of Prosperity Bank®, announced the completion of the merger with Community National Bank, Bellaire, Texas. This transaction continues Prosperity's strategic growth and expansion of the franchise in the greater Houston area. Community National Bank operates one (1) banking office in Bellaire, Texas, within the Houston Metropolitan Area. Prosperity will now operate fifty-nine (59) banking centers in the Houston area. As of June 30, 2012, Community National Bank reported total assets of $180.6 million, total loans of $68.6 million and total deposits of $162.6 million. Under the terms of the definitive agreement, Prosperity will issue up to 372,396 shares of Prosperity common stock plus $11.4 million in cash for all outstanding shares of Community National Bank capital stock. Randy Dobbs, Chief Executive Officer of Community Bank will serve as President – Bellaire Banking Center and will be responsible for the day to day operations of the Bellaire Banking Center. John James, President of Community National Bank will serve as Executive Vice President at the Bellaire Banking Center. See full press release