HOUSTON – Bracewell advised Prosperity Bancshares, Inc., the parent company of Prosperity Bank, in its acquisition of Tradition Bancshares, Inc. and its wholly owned subsidiary, Tradition Bank.
Under the terms of the agreement, Prosperity issued approximately 679,679 shares of Prosperity Bancshares common stock and paid approximately $39.0 million in cash for all outstanding shares of Tradition Bancshares capital stock.
This transaction is a Houston Business Journal 2015 Deal of the Year finalist.
Prosperity attorneys involved in this transaction included: Charlotte Rasche and Shanna Kuzdzal
Bracewell attorneys involved in this transaction included:
Partners: Jason M. Jean and Scott C. Sanders
Counsel: Ian R. Brown