Prosperity Bancshares, Inc.(R) to Present at Keefe, Bruyette, & Woods Regional Bank Conference
February 26 2008 - 12:37PM
PR Newswire (US)
HOUSTON, Feb. 26 /PRNewswire-FirstCall/ -- Prosperity Bancshares,
Inc.(R), the parent company of Prosperity Bank(R) will be
presenting at the Keefe Bruyette & Woods Regional Bank
Conference in Boston on Wednesday, February 27, 2008 at 11:10 am
Eastern Standard Time (10:10 am Central Standard Time). Dan
Rollins, President and Chief Operating Officer; and Chris Bagley,
Chief Credit Officer will be presenting for the company. The
presentation will be approximately 20 minutes followed by a 15
minute question and answer period. Management will be discussing
highlights of the company's financial performance, operating
results, corporate strategies, and economic environment. A live
audio of the presentation will be simultaneously webcast and will
be accessible http://www.kbw.com/news/conference_regional.html. The
presentation will be archived for 60 days after the presentation. A
link to the webcast will also be available on Prosperity's website
at http://www.prosperitybanktx.com/. Prosperity Bancshares, Inc.(R)
Prosperity Bancshares, Inc.(R), a $6.4 billion Houston, Texas based
regional financial holding company, formed in 1983, was named to
the Keefe Bruyette & Woods, Inc. 2007 Honor Roll for achieving
exceptional earnings per share growth for the past 10 years. Other
recent honors include being named to the Sandler O'Neill &
Partners 2005 Bank and Thrift Small All Stars, listed in US
Banker's August 2005 Top 100 Publicly Traded Mid-Tier Banks, ranked
#2 out of 195 publicly traded companies in the 2005 Stephens, Inc.
Bank and Thrift Performance Matrix and listed on the Houston
Chronicle's Houston 100 list. Operating under a community banking
philosophy, Prosperity seeks to develop broad customer
relationships based on service and convenience. Prosperity offers a
variety of traditional loan and deposit products to its customers,
which consist primarily of small and medium sized businesses and
consumers. In addition to established banking products, Prosperity
offers a complete line of services including: Internet Banking
services at http://www.prosperitybanktx.com/, Retail Brokerage
Services, MasterMoney Debit Cards, and 24 hour voice response
banking. Prosperity currently operates one hundred thirty (130)
full service banking locations and one (1) loan production office;
forty-six (46) in the Houston CMSA; thirty-three (33) in the South
Texas area including Corpus Christi and Victoria; twenty-six (26)
in the Dallas/Fort Worth metroplex; two (2) in the East Texas area;
twenty- three (23) in the Central Texas area including Austin, San
Antonio and Bryan/College Station. "Safe Harbor" Statement under
the Private Securities Litigation Reform Act of 1995: This release
contains, and the remarks by our management on the conference call
may contain, forward-looking statements within the meaning of the
securities laws that are based on current expectations,
assumptions' estimates and projections about Prosperity
Bancshares(R), and its subsidiaries. These forward-looking
statements are not guarantees of future performance and are subject
to risks and uncertainties, many of which are outside of
Prosperity's control, that may cause actual results to differ
materially from those expressed or implied by the forward-looking
statements. These risks and uncertainties include but are not
limited to the risk that the businesses of Prosperity and Texas
United will not be integrated successfully or such integration may
be more difficult, time-consuming or costly than expected; expected
revenue synergies and cost savings from the merger may not be fully
realized or realized within the expected time frame; revenues
following the merger may be lower than expected; deposit attrition,
operating costs, customer loss and business disruption following
the merger, including, without limitation, difficulties in
maintaining relationships with employees, may be greater than
expected; the ability to obtain regulatory approvals of the merger
on the proposed terms and schedule; the failure of Prosperity's or
Texas United's shareholders to approve the merger agreement;
continue to provide products and services that appeal to our
customers; access to debt and equity capital markets we may be
limited or not available; and our sales objectives may not be
achieved. Other risks include the possibility that credit quality
could deteriorate; actions of competitors; changes in laws and
regulations (including changes in governmental interpretations of
regulations and changes in accounting standards); customer and
consumer demand, including customer and consumer response to
marketing; effectiveness of spending, investments or programs;
fluctuations in the cost and availability of supply chain
resources; economic conditions, including currency rate
fluctuations and interest rate fluctuations; weather; and the stock
price volatility associated with "small-cap" companies. These and
various other factors are discussed in our most recent Annual
Report on Form 10-K and other reports and statements we have filed
with the SEC. Copies of Prosperity Bancshares's(R) SEC filings may
be downloaded from the Internet at no charge from
http://www.prosperitybanktx.com/. DATASOURCE: Prosperity
Bancshares, Inc. CONTACT: Dan Rollins, President and Chief
Operating Officer of Prosperity Bancshares, Inc.(R),
+1-281-269-7199, Web site: http://www.prosperitybanktx.com/
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