Prosperity Home Mortgage is a well-known name in the mortgage industry, but who exactly owns this company? In this article, we will dive into the ownership of Prosperity Home Mortgage and explore the key players behind this successful mortgage company.
Prosperity Home Mortgage: A Brief Overview
Before we delve into the ownership of Prosperity Home Mortgage, let’s first understand what this company is all about. Prosperity Home Mortgage is a full-service mortgage banker that provides a wide range of home financing options to borrowers across the United States. They offer various loan programs, including conventional, FHA, VA, and jumbo loans, and have a reputation for their exceptional customer service and competitive rates.
Prosperity Bank: The Parent Company
To understand the ownership of Prosperity Home Mortgage, we need to look at its parent company, Prosperity Bank. Prosperity Bank is a Texas-based financial institution that operates as a subsidiary of Prosperity Bancshares, Inc. Prosperity Bancshares, Inc. is a publicly traded company listed on the New York Stock Exchange under the ticker symbol “PB.”
Prosperity Bancshares, Inc.
Prosperity Bancshares, Inc. is the ultimate owner of Prosperity Home Mortgage. It is a Houston-based regional bank holding company that provides a wide range of banking products and services to individuals and businesses. With its strong presence in Texas and Oklahoma, Prosperity Bancshares, Inc. has become one of the largest regional banks in the United States.
Leadership at Prosperity Bancshares, Inc.
At the helm of Prosperity Bancshares, Inc. is its Chairman and CEO, David Zalman. Zalman has been with the company since 1985 and has played a crucial role in its growth and success. Under his leadership, Prosperity Bancshares, Inc. has expanded its operations through strategic acquisitions and organic growth.
Acquisition of HomeTown Bank
One of the significant milestones in Prosperity Bancshares, Inc.’s history was its acquisition of HomeTown Bank in 2003. This acquisition played a pivotal role in the establishment of Prosperity Home Mortgage. HomeTown Bank was a mortgage banking subsidiary of HomeTown Bankshares Corporation, and its integration into Prosperity Bancshares, Inc. paved the way for the formation of Prosperity Home Mortgage.
In conclusion, Prosperity Home Mortgage is owned by Prosperity Bancshares, Inc., a regional bank holding company based in Texas. With its strong leadership and strategic acquisitions, Prosperity Bancshares, Inc. has established itself as a prominent player in the mortgage industry. Prosperity Home Mortgage benefits from the financial strength and resources of its parent company, allowing it to provide excellent mortgage services to borrowers across the country.
2. sec.gov (U.S. Securities and Exchange Commission)
3. pb.com (Prosperity Bancshares, Inc. official website)