Find companies:

Prosperity Bank

Job Work/Life Balance
Job Security/Advancement
Job Culture
81 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
Part time Teller (Former Employee), Tyler, TXJuly 23, 2015
Bank Teller (Former Employee), Winnsboro, TXJuly 22, 2015
Teller/CSR (Former Employee), Houston, TXJuly 22, 2015
Personal Banker (Former Employee), Bastrop, TXJuly 15, 2015
Transaction Specialist (Former Employee), Plano, TexasJune 27, 2015
Prosperity Bank Salaries
$10.00 per hour
Based on 34 employees
$20,000 per year
Based on 11 employees
Personal Banker
$28,000 per year
Based on 5 employees
Customer Service Associate
$11.22 per hour
Based on 4 employees
$22,000 per year
Based on 3 employees
Prosperity Bank Photos
March of Dimes