HOUSTON – Bracewell & Giuliani LLP is representing Prosperity Bancshares, Inc. (NYSE: PB), the parent company of Prosperity Bank, in connection with Prosperity’s proposed acquisition of Tradition Bancshares, Inc., the parent company of Tradition Bank.
Tradition Bank operates seven banking offices in the Houston, Texas area, including its main office in Bellaire, three banking centers in Katy and one banking center in The Woodlands. As of June 30, 2015, Tradition, on a consolidated basis, reported total assets of $522.1 million, total loans of $242.4 million and total deposits of $463.8 million.
The transaction is expected to close in the fourth quarter of 2015.
Bracewell attorneys working on the transaction include:
Partners: Jason M. Jean, Jason B. Hutt, Abraham A. Reshtick and Scott C. Sanders
Counsel: Jessica L. Freedson
Associates: Elizabeth B. Behncke, Benjamin A. Fedorko and Michael Weller