On January 8, 2026, the Federal Reserve Board announced it had approved the application of Prosperity Bancshares, Inc., a Houston‑based bank holding company, to acquire Southwest Bancshares, Inc. The approval also enables Prosperity to indirectly acquire Texas Partners Bank, both subsidiaries of Southwest in San Antonio, Texas. The decision was issued at 4:00 p.m. EST and follows the Board’s review of the transaction’s compliance with federal banking regulations. The announcement includes a contact email for media inquiries, media@frb.gov, and a phone number, (202) 452‑2955. No additional conditions or statements were provided in the release. The acquisition will consolidate the banks’ operations within Texas. Prosperity Bancshares has stated it will maintain local customer services post‑merger. The Board’s decision aligns with its mandate to ensure safe and sound banking. No further conditions were cited in the official announcement.
https://www.federalreserve.gov/newsevents/pressreleases/orders20260108a.htm
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