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Prosperity Bank’s move into Oklahoma not on menu for other Texas Banks

December 14, 2012

Other large Texas financial institutions, such as Houston-based Amegy Bank NA and San Antonio-based Cullen/Frost Bankers Inc. (NYSE: CFR), have shown more interest in major Texas metropolitan markets. Based on their growth strategies, they probably didn't pursue the Coppermark deal in Oklahoma City, said Dan Bass, Houston managing director for Chicago-based Performance Trust Capital Partners. "Are there any Texas banks that would do this deal? I don't know of one," Bass said. "A lot of banks that say they want to acquire in Texas haven't done a lot of deals, and Prosperity just has a history of knowing how to do deals and not overpay and integrate them successfully and wring out the cost savings."

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