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Prosperity Bancshares Announces Resignation Of President And Chief Operating Officer


Nov 26 - Prosperity Bancshares Inc. (NYSE: PB), the parent company of Prosperity Bank, El Campo, Texas, has announced that James D. Rollins III, president and chief operating officer of Prosperity and president of Prosperity Bank has resigned to pursue another opportunity.

"On behalf of everyone at Prosperity, we would like to thank Dan for the many contributions he has made to the organization over the years. We are excited for Dan in his new role and we wish him success in his new endeavor," commented David Zalman, chairman and CEO of Prosperity.

Prosperity Bank has a strong executive management team and for the present time, Rollins' responsibilities at Prosperity and Prosperity Bank will be divided among members of the bank's executive committee, which consists of David Zalman senior chairman and CEO, H.E. Timanus Jr. chairman and chief operating officer, David Hollaway chief financial officer, Chris Bagley chief credit officer, Randy Hester chief lending officer and Charlotte Rasche general counsel. These individuals have a significant amount of experience in the banking industry and Prosperity expects a smooth transition of Rollins' duties. Zalman will assume the titles of president of Prosperity and Prosperity Bank.

Prosperity Bancshares Inc.
Prosperity Bancshares Inc., recently named "America's Best Bank" by Forbes, is a $13.9 billion Houston, Texas-based regional financial holding company, formed in 1983. Operating under a community banking philosophy and seeking 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, Retail Brokerage Services, MasterMoney Debit Cards and 24-hour voice response banking. Prosperity currently operates 213 full-service banking locations; 59 in the Houston area; 20 in the South Texas area including Corpus Christi and Victoria; 35 in the Dallas/Fort Worth area; 21 in the East Texas area; 34 in the Central Texas area including Austin and San Antonio; 34 in the West Texas area including Lubbock, Midland/Odessa and Abilene; and 10 in the Bryan/College Station area.