| Business Summary | | Prosperity
Bancshares,
Inc.
(Prosperity)
is
a
$1.1
billion
bank
holding
company
headquartered
in
Houston,
Texas.
Operating
under
a
community
banking
philosophy,
Prosperity
seeks
to
develop
broad
customer
relationships
based
on
service
and
convenience.
The
Company
offers
a
variety
of
traditional
loan
and
deposit
products
to
its
customers,
consisting
primarily
of
consumers
and
small
and
medium
sized
businesses.
In
addition
to
established
banking
products,
Prosperity
offers
a
complete
line
of
services
including
Internet
Banking
services,
Trust
Services,
MasterMoney
Debit
Cards,
and
24-hour
voice
response
banking.
The
bank
currently
operates
29
full-service
banking
locations
in
13
contiguous
counties
including
the
Greater
Houston
Metropolitan
Area. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Prosperity
Bancshares
is
a
bank
holding
company
for
First
Prosperity
Bank,
with
29
banking
locations
in
the
greater
Houston
metropolitan
area
and
surrounding
counties.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
14%
to
$38.5
million.
Net
interest
income
after
loan
loss
prov.
rose
13%
to
$19
million.
Net
income
fell
less
than
1%
to
$5.2
million.
Results
reflect
increased
earning
asset
balances,
offset
by
$2.4
million
in
costs
related
to
the
merger
with
Commercial. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Ned Holmes, 56 Chairman | -- | -- | David Zalman, 44 Pres,
CEO of the Company, and Chairman and CEO of the Bank | $305K | $279K | David Hollaway, 45 CFO
of the Company and Sr. VP and Chief Financial Officer of the | -- | -- | H. Timanus, Jr., 56 COO,
Exec. VP of the Company, and Pres & COO o | -- | -- | Robert Steelhammer, 60 Treasurer,
Director | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|