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Bracewell Represents Prosperity Bancshares, Inc.’s Acquisition of F&M Bancorporation Inc.

September 3, 2013

Bracewell & Giuliani LLP represented Prosperity Bancshares, Inc., in the signing of a definitive merger agreement with F&M Bancorporation Inc. (FMBC), the parent holding company of The F&M Bank & Trust Company (F&M Bank), of Tulsa, Oklahoma. This transaction will result in Prosperity acquiring FMBC and F&M Bank.

Under the terms of the agreement, Prosperity will pay $47 million in cash and issue 3,298,246 shares of its stock, for all of F&M Bank’s outstanding shares. Both boards unanimously approved the transaction, which is expected to close during the first quarter of 2014.

Bracewell attorneys working on the transaction include:

Partners: William T. Luedke, Jason B. Hutt,  James D. Reardon, Scott C. Sanders

Associate: Shanna R. Kuzdzal, Elizabeth B. Behncke, Michael Weller