FVNBFirst Victoria National Bank
FVNBFirst Valley National Bank (Lancaster, CA)
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4 November 2013 -- Texas-based bank holding company Prosperity Bancshares Inc (NYSE: PB) said it has closed the merger of FVNB Corp with and into Prosperity and the merger of FVNB's First Victoria National Bank subsidiary Victoria Texas with and into Prosperity Bank all effective on November 1 2013.
As of September 30, 2013, FVNB, on a consolidated basis, reported total assets of USD 2.410bn, total loans of USD 1.608bn and total deposits of USD 2.147bn.
Under the terms of the definitive agreement, Prosperity issued approximately 5,570,818 shares of Prosperity common stock plus USD 91.250m in cash for all outstanding shares of FVNB capital stock.