Prosperity Bancshares 8-K 2008
Documents found in this filing:
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 7, 2008
PROSPERITY BANCSHARES, INC.
(Exact name of registrant as specified in its charter)
4295 San Felipe
Houston, Texas 77027
(Address of principal executive offices including zip code)
Registrants telephone number, including area code: (713) 693-9300
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
On November 7, 2008, Prosperity Bancshares, Inc. (Prosperity) announced that its wholly owned subsidiary, Prosperity Bank, El Campo, Texas (Prosperity Bank), will assume all of the deposits, including all uninsured deposits, and acquire certain assets of Franklin Bank, S.S.B., Houston, Texas (Franklin Bank) from the Federal Deposit Insurance Corporation (FDIC), acting in its capacity as receiver for Franklin Bank. In connection with this announcement, Prosperity posted a slide presentation on the Investor Relations page of its Web site providing additional information related to the transaction. A copy of the slide presentation is furnished as Exhibit 99.1 to this Current Report on Form 8-K (the Report).
As provided in General Instruction B.2 to Form 8-K, the information furnished in Exhibit 99.1 of this Report shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Also on November 7, 2008, Prosperity and the FDIC each issued press releases announcing that as of the close of business on November 7, 2008, the FDIC was appointed as receiver of Franklin Bank, S.S.B., Houston, Texas. To protect depositors, the FDIC entered into a purchase and assumption agreement with Prosperity Bank to assume all of the deposits, including all uninsured deposits, and to acquire certain assets of Franklin Bank. A copy of Prosperitys press release is filed as Exhibit 99.2 to this Report and a copy of the FDICs press release is filed as Exhibit 99.3 to this Report.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.