Denver Firm Represents LegacyTexas Financial Group in Texas Bank Merger

DALLAS, TX—Shapiro Bieging Barber Otteson  represented LegacyTexas Financial Group, Inc. (NASDAQ: LTXB), the parent company of LegacyTexas Bank, in connection with the signing of a definitive merger agreement with Prosperity Bancshares, Inc. (NYSE: PB), the parent company of Prosperity Bank, pursuant to which LegacyTexas will merge with Prosperity. SBBO partners involved in the transaction were Christian Otteson (pictured), Bo Anderson and Kurt Leeper.

The $2.1 billion transaction will create the second-biggest bank by deposits in the state of Texas and is the second largest bank merger in the state’s history. The merger is expected to close during the fourth quarter of 2019.