Prosperity Bancshares Buys Five Branch Offices from Compass Bank

HOUSTON-Prosperity Bancshares Inc. has purchased five branch banking offices from Compass Bank. The five offices are located in Hitchcock, Needville, Palacios and Sweeny, all communities in south Texas.

By Connie Gore | September 19, 2000 at 01:01 AM

The five banks, which have a total of $87 million in deposits, will be operated as banks of First Prosperity Banks, the subsidiary of Prosperity Bancshares Inc. The deal gives First Prosperity Bank a total of 18 full-service banking locations in south and southeast Texas. Houston-based Prosperity Bancshares Inc., formed in 1983, is a bank holding company.

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