HOUSTON, June 13, 2011 /PRNewswire/ -- Prosperity
Bancshares, Inc.® (Nasdaq: PRSP) the parent company of Prosperity
Bank®, announced its regular quarterly cash dividend of
$0.175. The dividend is payable
July 1, 2011 to shareholders of
record on June 17, 2011.
Prosperity Bancshares, Inc.®
Prosperity Bancshares, Inc.®, a $9.7
billion Houston, Texas
based regional financial holding company, formed in 1983, operates
under a community banking philosophy and 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
seventy-five (175) full service banking locations; sixty (60) in
the Houston area; twenty (20) in
the South Texas area including
Corpus Christi and Victoria; thirty-one (31) in the Dallas/Fort Worth area; twenty-one (21) in the
East Texas area; thirty-three (33)
in the Central Texas area
including Austin and San Antonio; and ten (10) in the Bryan/College Station area.
"Safe Harbor" Statement under the Private Securities
Litigation Reform Act of 1995: This release contains, and the
remarks by Prosperity's 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 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 whether
Prosperity can: successfully identify acquisition targets and
integrate the businesses of acquired companies and banks;
continue to sustain its current internal growth rate or total
growth rate; provide products and services that appeal to its
customers; continue to have access to debt and equity capital
markets; and achieve its sales objectives. Other risks
include, but are not limited to: 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); a
deterioration or downgrade in the credit quality and credit agency
ratings of the securities in Prosperity's securities portfolio;
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 Prosperity's Annual
Report on Form 10-K for the year ended December 31, 2010 and other reports and
statements we have filed with the SEC. Copies of the SEC filings
for Prosperity may be downloaded from the Internet at no charge
from www.prosperitybanktx.com.
SOURCE Prosperity Bancshares, Inc.