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Prosperity Bancshares Inc To Merge With F&M Bancorporation Inc.

Thursday, 29 Aug 2013 09:00am EDT 

Prosperity Bancshares Inc announced the signing of a definitive merger agreement with F&M Bancorporation Inc. (FMBC), the parent holding company of The F&M Bank & Trust Company (F&M Bank), headquartered in Tulsa, Oklahoma, whereby Prosperity will acquire FMBC and F&M Bank. Prosperity has completed six (6) merger transactions in the last two (2) years and currently has one (1) transaction pending, which was announced on July 1, 2013. Under the terms of the definitive agreement, Prosperity will issue 3,298,246 shares of Prosperity common stock plus $47.0 million in cash for all outstanding shares FMBC capital stock, subject to certain conditions and potential adjustments. 

Company Quote

0.44 +0.85%
2 Mar 2015