American State Bank announced at a press conference Monday morning that they are merging with Prosperity Bank out of Houston.
Chairman of the Board for American State Bank W. R. Collier said he thinks the merger will take place in the 2nd or 3rd quarter of this year. They are waiting for approval from stock-holders, he said.
Collier said once that happens there will be a name change and possibly some new job opportunities. He also said customers will not feel any initial impact from the change.
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