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Thursday, November 26, 2009, 3:10AM ET - U.S. Markets Closed for Thanksgiving Day. Dow Up 0.29% Nasdaq Up 0.32%
Prosperity Bancshares Inc. (PRSP)On Nov 25: 38.75  Down 0.41 (1.05%)  
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Prosperity Bancshares Inc.
Prosperity Bank Plaza
4295 San Felipe
Houston, TX 77027
United States - Map
Phone: 713-693-9300
Fax: 713-693-9309
Web Site: http://www.prosperitybanktx.com

DETAILS 
Index Membership:S&P 600 SmallCap
S&P 1500 Super Comp
Sector:Financial
Industry:Regional - Southwest Banks
Full Time Employees:1,608

BUSINESS SUMMARY 
Prosperity Bancshares, Inc. operates as the financial holding company for Prosperity Bank, which provides retail and commercial banking services to small and medium-sized businesses and consumers. The company accepts various deposit products, including interest-bearing demand deposits, savings accounts, money market accounts, time accounts, certificates of deposit, non interest-bearing demand deposits, and interest checking accounts. It also provides commercial mortgage; one to four family residential loans; commercial loans; loans for automobiles and other consumer durables; home equity loans; term loans; interim construction loans for builders; owner-occupied commercial real estate loans; lines of credit; and loans for working capital, business expansion, and the purchase of equipment and machinery. In addition, the company offers junior subordinated debentures and overdraft protection; check cashing, official check, safe deposit box rental, and currency handling services; and debit cards, Internet banking, cash management services, and automated telephone banking. As of December 31, 2008, it operated 168 full-service banking locations, including 53 in the Greater Houston consolidated metropolitan statistical area; 27 in the South Texas area, including Corpus Christi and Victoria; 43 in the Central Texas area comprising Austin and Bryan/College Station; 21 in East Texas; and 24 in the Dallas/Fort Worth, Texas area. The company was founded in 1983 and is headquartered in Houston, Texas.
Key Statistics

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    CORPORATE GOVERNANCE 
    Prosperity Bancshares Inc.'s Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 43.2% of S&P 600 companies and 82% of Banks companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. David Zalman , 52
    Chairman, Chief Exec. Officer, Sec., Sr. Chairman of Prosperity Bank and Chief Exec. Officer of Prosperity Bank
    N/A N/A
    Mr. H. E. Timanus Jr., 64
    Vice Chairman, Exec. VP, Chairman of Prosperity Bank and Chief Operating Officer of Prosperity Bank
    $ 496.00K $ 105.00K
    Mr. James D. Rollins III, 50
    Pres, Chief Operating Officer, Director, Pres of Prosperity Bank of Prosperity Bank
    $ 564.00K $ 94.00K
    Mr. David Hollaway CPA, 53
    Chief Financial Officer, Principal Accounting Officer, Chief Financial Officer of Prosperity Bank and Exec. VP of Prosperity Bank
    $ 367.00K $ 199.00K
    Mr. Peter Fisher , 62
    Gen. Counsel, Vice-Chairman of Prosperity Bank and Gen. Counsel of Prosperity Bank
    N/A N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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