VICTORIA, Texas – One of the Crossroads’ largest financial institutions is about to get even bigger.
Prosperity Bank is set to merge with American Bank in a deal valued at approximately $321 million. As part of the agreement, Prosperity will acquire all 20 of American Bank’s office locations.
“We already have a very strong presence in the Victoria area, acquiring their [American Bank’s] one branch back here in town, and their two lenders and their retail staff is going to be big,” said John Zacek, Prosperity Bank South Texas area chairman…