Stellar’s Texas Footprint
Banking Network and Financials
Stellar Bank operates 52 banking offices across greater Houston, Beaumont and Dallas. As of Dec. 31, the company reported:
-
More than $10.8 billion in consolidated total assets
-
Approximately $7.3 billion in total loans
-
Over $9.02 billion in total deposits
Those numbers bring significant heft to Prosperity’s balance sheet and geographic reach.
Leadership Roles After the Merger
The deal keeps familiar faces at the helm. Robert R. Franklin Jr., Stellar’s CEO and executive chair of Stellar Bank, will join Prosperity Bank as vice chair.
Ramon Vitulli, Stellar’s president and CEO, will become Houston area chair at Prosperity Bank. Additional members of Stellar’s management team are expected to retain leadership roles within the combined organization.
Upon closing, Franklin and one additional Stellar board member will join the Prosperity board of directors, while Vitulli and Pat Parsons, a director of Stellar Bank, will take seats on the Prosperity Bank board.
