October 01, 2014 10:25 PM ET


Company Overview of Prosperity Bank

Company Overview

Prosperity Bank provides commercial banking products and services. It offers personal and business deposit products, such as savings/money market, checking, and CD's and IRA's; personal and business loan products, including car and home loans, home equity and improvement loans, commercial loans, and SBA loans; and online services, such as Internet banking and cash management services. The company also provides other services, including investment, debit card, telephone banking, online check order, safe deposits, merchant, public fund, and lock box services. In addition, the company sells official bank merchandise, such as hats/caps, ladies and men's apparel, outerwear, office supplies, drink...

1301 North Mechanic Street

El Campo, TX 77437

United States

Founded in 1949





Key Executives for Prosperity Bank

Senior Chairman
Age: 57
Chief Financial Officer
Age: 58
Chief Operating Officer and Director
Age: 69
President of Houston Area
President of Houston Area
Compensation as of Fiscal Year 2014.

Prosperity Bank Key Developments

Prosperity Bank, F&M Bancorporation Inc. and F&M Bank & Trust Company Announce Appointment of Anthony Davis as Chairman

Prosperity Bancshares Inc. the parent company of Prosperity Bank, announced it has completed the merger of F&M Bancorporation Inc. or FMBC with and into Prosperity and the merger of FMBC's wholly owned subsidiary, The F&M Bank & Trust Company, with and into Prosperity Bank, all effective on April 1, 2014. The company stated that Anthony Davis, Chairman and CEO of FMBC, will serve the combined entity as Chairman, Tulsa Area and Turtle Creek Banking Center and will be responsible for the day-to-day operations and management of all Tulsa, Oklahoma locations and the former F&M Bank Turtle Creek location in Dallas, Texas.

Prosperity Bancshares, Inc. and Prosperity Bank Announce Management Changes

Prosperity Bancshares Inc. and Prosperity Bank have announced several management changes. Chris Bagley, Executive Vice President and Chief Credit Officer of Prosperity Bancshares Inc. and Senior Executive Vice President and Chief Credit Officer of the Prosperity Bank, has resigned to pursue another opportunity. Craig Friemel, the former Chief Credit Officer of First Victoria National Bank ("FVNB"), which Prosperity acquired in November 2013, will oversee the Note Department and will report to Mr. Karnes. Randy Hester will continue to serve as the Prosperity Bank's Chief Lending Officer. Prosperity Bancshares Inc. and Prosperity Bank have also made several changes in the Corporate area. Michael Epps, the former President of American State Bank, has been promoted to Senior Executive Vice President/Financial Operations and Administration of the Prosperity Bank and Executive Vice President of Prosperity Bancshares Inc. and will serve on the Executive Committee of Prosperity Bank and Prosperity Bancshares Inc. Further, Theresa Hollaway has been promoted to Chief Risk Officer of the Prosperity Bank. Additional changes made in the West Texas Area are the promotion of Tony Whitehead, President -West Texas Area, to Chairman - West Texas Area and the promotion of Mike Marshall and Gary Galbraith as Presidents of the West Texas Area. Mr. Marshall was the Regional President of the Midland/Odessa market and Mr. Galbraith was the Regional President of the Abilene market.

Prosperity Bank Announces Executive Appointments

Prosperity Bancshares Inc. (‘Prosperity’), the parent company of Prosperity Bank, announced the completion of the merger of FVNB Corp. (‘FVNB’) with and into Prosperity and the merger of FVNB’s wholly owned subsidiary, First Victoria National Bank, Victoria, Texas, with and into Prosperity Bank, all effective on November 1, 2013. M. Russell Marshall, CEO of FVNB, will serve the combined entity as Chairman – Wealth Management/Private Banking and will be responsible for the wealth management operations for all of Prosperity Bank. Kenneth Vickers, Chief Lending Officer of FVNB, will join Prosperity Bank as Senior EVP and will serve on Prosperity Bank’s Executive Loan Committee and John Zacek, EVP of the Victoria Region for FVNB, will become President – South Texas Area for Prosperity Bank and will have management responsibilities for Prosperity Bank’s South Texas Area. Other area and regional officers of First Victoria that will join Prosperity Bank upon consummation of the merger include Tim Jones as President – Bryan/College Station Area, Kevin Kaplan as Regional President – Corpus Christi, Travis Freeman as Regional President – The Woodlands/Magnolia, Barry Williams as Regional President – New Braunfels, and Royce Moran as Regional President – Victoria.

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