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 Prosperity Bancshares, Inc®. Makes Decision Not to Apply for Government’s Capital Purchase Program
HOUSTON, November 17, 2008. Prosperity Bancshares, Inc. ® NASDAQ: (PRSP), one of the largest Texas-based banking institutions made the decision not to apply for funds available through the U. S. Treasury Department’s Capital Purchase Program. The program is part of the federal government’s Troubled Assets Relief Program (TARP) which provides banks with new capital through the issuance of preferred stock. The application deadline for these funds was Friday November 14th and Prosperity did not make application. View Press Release
WARNING ABOUT PHISHING ATTACKS!
HOUSTON, November 17, 2008. Please be warned that fraudulent e-mails are being circulated asking for personal account information. These e-mails appear to come from Prosperity Bank with the subject of Important Message and they ask for you to update your account with a security enhancement. These e-mails are part of a large scam to acquire confidential account information, and no email from Prosperity Bank will ask you for that information. PLEASE DO NOT CLICK ON ANY LINK!
Prosperity Bank will NEVER send you an email, or call you, asking you to provide any confidential account information through an email link, or phone number. Read More
Prosperity Bank® to Acquire all Deposits of Franklin Bank from FDIC
HOUSTON, November 7, 2008. Prosperity Bancshares, Inc. ® NASDAQ: (PRSP), announced that as of the close of business today Prosperity Bank®, will assume approximately $3.7 billion of deposits, including all uninsured deposits, from the Federal Deposit Insurance Corporation (FDIC), acting in its capacity as receiver for Franklin Bank. View Press Release
Prosperity Bancshares, Inc.® Increases Cash Dividend
HOUSTON, October 27, 2008. Prosperity Bancshares, Inc. ® NASDAQ: (PRSP), the parent company of Prosperity Bank®, announced the increase of their regular annual cash dividend to $0.55 per share. The fourth quarter cash dividend of $0.1375, an increase of 10.0%, is payable on January 2, 2009 to all shareholders of record as of December 12, 2008. View Press Release
Prosperity Bancshares, Inc.® Reports Third Quarter Earnings
HOUSTON, October 17, 2008. Prosperity Bancshares, Inc. ® NASDAQ: (PRSP), the parent company of Prosperity Bank®, reported earnings for the quarter ended September 30, 2008. Net income for the quarter was $15.447 million or $0.33 per diluted common share, a decrease in net income of $8.401 million or 35.2%, compared with $23.848 million or $0.54 per diluted common share for the same period in 2007. The decrease was primarily due to a $9.116 million after-tax ($14.025 million pre-tax) impairment charge on Fannie Mae and Freddie Mac perpetual preferred securities. View Press ReleaseListen to the live webcast, click here.
FDIC Insurance Coverage increases to $250,000 per depositor.
HOUSTON, October 14, 2008. On October 3, 2008, President George W. Bush signed the Emergency Economic Stabilization Act of 2008, which temporarily raises the basic limit on federal deposit insurance coverage from $100,000 to $250,000 per depositor. The temporary increase in deposit insurance coverage became effective upon the President's signature. The legislation provides that the basic deposit insurance limit will return to $100,000 after December 31, 2009. View FDIC website Press Release
Prosperity Bancshares, Inc.® Reports Second Quarter Earnings.
HOUSTON, July 23, 2008. Prosperity Bancshares, Inc.® NASDAQ: (PRSP), the parent company of Prosperity Bank®, reported earnings for the quarter ended June 30, 2008. Net income for the quarter was $23.437 million or $0.52 per diluted common share, an increase in net income of $444,000 or 1.9%, compared with $22.993 million or $0.52 per diluted common share for the same period in the prior year. View Press Release
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