Stellar Bancorp merged into Prosperity Bancshares; stock delisted from NYSE
Stellar Bancorp merged into Prosperity Bancshares on July 1, 2026, with Prosperity as the surviving corporation. Each Stellar share was converted into 0.3803 Prosperity shares plus $11.36 in cash. Stellar Common Stock was suspended from trading on the NYSE and delisted effective July 1, 2026.
Key facts
- Merger effective time: July 1, 2026
- Exchange ratio: 0.3803 shares of Prosperity Common Stock per Stellar share
- Per Share Cash Consideration: $11.36
- Per Share Merger Consideration Value: $38.48 (sum of $11.36 cash plus $27.12 stock value at $71.44 Prosperity stock price)
- Stellar sold approximately $466.4 million of securities from investment portfolio in connection with balance sheet repositioning
- Robert R. Franklin, Jr. and Joseph B. Swinbank appointed to Prosperity board of directors
- Stellar Common Stock delisted from NYSE effective July 1, 2026
Why it matters
Stellar shareholders received a fixed exchange ratio and cash consideration in a stock-for-stock merger, and the combined entity continues trading under Prosperity's listing; Stellar's independent public company status and stock market listing have ended.
Share
Derived from 8-K filed 2026-07-01. Not investment advice. View the source filing on SEC.gov →