Community National Bank was advised in this transaction by Commerce Street Capital, LLC as financial advisor. Bracewell & Giuliani LLP was legal counsel to Prosperity Bancshares, Inc.
Prosperity Bancshares, Inc.®
Prosperity Bancshares, Inc.®, recently named "America's Best Bank" by Forbes, is a
based regional financial holding company, formed in 1983. Operating under a community banking philosophy and seeking to develop broad customer relationships based on service and convenience, Prosperity offers a variety of traditional loan and deposit products to its customers, which consist primarily of small and medium sized businesses and consumers. In addition to established banking products, Prosperity offers a complete line of services including: Internet Banking services at
, Retail Brokerage Services, MasterMoney Debit Cards, and 24 hour voice response banking. Prosperity currently operates one hundred seventy-six (176) full service banking locations; fifty-nine (59) in the
area; twenty (20) in the
; thirty-two (32) in the
area; twenty-one (21) in the
area; thirty-four (34) in the
; and ten (10) in the
In connection with the proposed merger of Community National Bank into Prosperity Bank, Prosperity will file with the Securities and Exchange Commission a registration statement on Form S-4 to register the shares of Prosperity's common stock to be issued to the shareholders of Community National Bank. The registration statement will include a proxy statement/prospectus which will be sent to the shareholders of Community National Bank seeking their approval of the proposed transaction.