Stellar Bancorp, Prosperity Bancshares announce receipt of regulatory approvals

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Stellar Bancorp and Prosperity Bancshares announced they have received all necessary regulatory approvals for Prosperity’s acquisition of Stellar. This includes waivers from the Federal Reserve Bank of Dallas and approvals from the Federal Deposit Insurance Corporation and the Texas Department of Banking for the merger of Stellar Bank into Prosperity Bank. The announcement clears a significant hurdle for the completion of the merger.

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