Find companies:

Prosperity Bank

Job Work/Life Balance
Job Security/Advancement
Job Culture
61 reviews

About Prosperity Bank

Prosperity Bancshares reaches banking customers across the Lone Star State. The holding company for Prosperity Bank operates 213 branches in and around the Texas cities of Dallas, Houston, Austin, Corpus Christi, Lubbock, and San Antonio. Serving consumers and small to midsized businesses, the bank offers traditional deposit and loan services, in addition – more... to investment services through third-party provider LPL Financial. Prosperity Bank focuses on real estate lending: Commercial mortgages make up the largest segment of the company's loan portfolio (35%), followed by residential mortgages (27%). Business, construction, consumer, home equity, and agricultural loans round out its lending activities.

Prosperity Bancshares operates banking locations in Houston, South Texas, the Dallas/Fort Worth metroplex, East Texas, Bryan/College Station, Central Texas, and West Texas.

Prosperity Bancshares bases its growth strategy on three key elements: Internal growth; cost controls; and acquisitions. Net income has climbed steadily since 2008 due to an increase in net interest income. The increase in net interest income is a result of balance sheet growth from a slew of recent acquisitions. Net income grew by 10% in 2011. Assets, deposits, and loans also have seen an uptick thanks to those acquisitions.

The acquisitive Prosperity Bancshares has been buying up small banks in Texas as it hopes to hit a sweet spot in the market between the national giants that dominate the Texas banking scene and smaller community banks. Compared to many of its peers elsewhere in the country, the company has remained prosperous (and profitable) during the economic downturn, thanks in part to its presence in the relatively stable Texas market, its conservative loan underwriting standards, and growth through acquisitions.

In 2010 it bought some 20 locations from First Bank, and acquired three branches that U.S. Bancorp divested from its acquisition of the failed FBOP Corporation. The deals strengthened Prosperity Bank's presence in the Dallas and Houston areas.

In early 2012 Prosperity acquired Texas Bankers, a three-branch Austin bank with some $72 million in assets. The merger increased Prosperity's number of Central Texas branches to 34 banking locations. It followed that deal with the purchase of The Bank Arlington, a single-branch bank operating in the Dallas/Ft. Worth area. The company also plans to buy East Texas Financial Services, adding another handful of branches to its network. It acquired single-branch Community National Bank of Bellaire, Texas, in late 2012.

Also in 2012, Prosperity expanded into West Texas after it merged American State Financial Corporation and its American State Bank subsidiary into its operations. The deal added 37 West Texas banking offices in Lubbock, Midland/Odessa, and Abilene. The deal added about $3 billion in assets to Prosperity's roster.

Prosperity Bancshares was founded in 1983 – less

Prosperity Bank Employer Reviews

New Accounts Specialist (Current Employee), Spring, TxOctober 15, 2014
Teller/New Accounts (Current Employee), Austin, TxOctober 8, 2014
Operations Manager (Former Employee), Panama City, FLAugust 22, 2014
Teller (Current Employee), Houston, TXAugust 20, 2014
Full-Time Teller (Current Employee), Pearland, TXAugust 10, 2014

Prosperity Bank Photos

Working at Prosperity Bank

  • It's always hard to know what to expect when going in for that interview -- and preparation can make all the difference. What is the interview process like at Prosperity B...
  • What are the average starting salaries, bonuses, benefits and travel requirements like at Prosperity Bank? What do you like best about working at Prosperity Bank? Are the...
  • Every business has its own style. What is the office environment and culture like at Prosperity Bank? Are people dressed in business casual, jeans and t-shirts, or full-o...
  • Do you work at Prosperity Bank? How did you find the job? How did you get that first interview? Any advice for someone trying to get in?
  • What do you think - will Prosperity Bank grow fast? Are they expanding their staff? How does Prosperity Bank stack up against the competition?

Prosperity Bank Salaries