Prosperity Bank is a Texas-based subsidiary of Prosperity Bancshares, which is a multi billion-dollar financial holding company located in the state of Texas. The bank offers personal and business banking products and services, as well as investment and trust services.
Prosperity Bank offers several checking accounts, including one designed for teenagers. One checking account option is interest bearing and has minimum initial deposit and daily balance requirements. A savings account and a money market account are available and offer increasing rates of interest that are contingent upon account balances. The money market account actually allows for more debit transactions per month than the savings accounts. Certificates of Deposit (CDs) are offered with a range of term lengths from 30 days to 5 years. IRA accounts provide customers with tax benefits on retirement savings. Depository products are also available on the business banking side and offer similar products and services. Investment solutions range from college 529 plans to mutual funds and annuities.
Prosperity Bank online banking is a separate domain (ProsperityBankUSA.com) that offers a quick and secure way to manage accounts, pay bills, transfer funds, make loan payments, and view check images and past statements. The web-based platform can also integrate personal finance applications or word processing systems to help a depositor with the budgeting process.
Prosperity Bank was originally established in 1949 as the First National Bank of Edna. The bank changed its name to Prosperity in 2001 and is currently headquartered in El Campo, Texas. It serves its customers through numerous branches across several states.
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In September of 2013, I tried to buy a home for the second time in my life. The first I got cold feet and terminated the contract. Then in 2013, I approached my Realtor again and started the process of buying a home again. She recommended me to a mortgage broker and she was horrible. I called someone from a local Chase Bank and he was not willing to do my loan. Prosperity Bank was my last option (as in the last bank I would try). The loan officer at Prosperity was very courteous and was willing to do all she can to help me. My realtor called and told her the situation and she offered to help me. When I called her and gave her my loan package, I asked her if I was going to get approved. She looked over my file and gave me an answer I didn't expected, she said "We can close in a week". I was relieved! The loan officer was able to apply the left over closing cost paid by the seller toward my down payment. The loan officer was a first class lender and I recently referred my sister to her for a mortgage. I would have moved my entire banking relationship to Prosperity Bank, but I work for a bank so I have to keep banking relationship at my bank.
Their Whole System Sucks
I came over From Prosperity Bank from Chase and it was the biggest mistake ever. If you're a millennial, this bank is definately not for you. They don't have 24/7 call support service. Their Online banking sucks. They're not link up with ZElle and they have their own money payment system that charges you per transaction plus a monthly fee every month.They don't have updated ATMs. You can' t deposit checks at the ATm Like you do at chase and they make you wait 3 months before you can deposit a check via the mobile app. They are not a bank for the future and you will be waiting on them instead of them waiting on you since they do have your money.
Do Not Do It.
I will shout it from the rooftops to save people from being screwed over like I was. Prosperity has had to refund me hundreds of dollars in fee’s because they charge you with whatever fee they want whenever they want. They will charge you with “returned mail” fees without any record of the supposed mail that was sent, rearrange charges to maximize overdraft fees, and pretty much take whatever they want under the guise of some fee until you notice and call them out. I will never use them again, and I advise you to stay away unless you have an hour of free time to call them every week and bicker about bs fees and charges.
Terrible People
We are a small business. Annual revenue is just over 1 million. Had the account open with them for 5-6 months. Terrible ble from day one. My biggest issue is their policy’s change from location to location. Up hill battle with simple transactions. Depending on the mood of the teller, was the deciding factor or what was being done that day. Opened the account in Weatheford Texas. So they consider you a weatherford customer. No, I’m a prosperity customer. Terrible bank. Terrible lying people. Rude. They have people that do not understand the bank codes and conduct.
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 16835 |
| Year Established | 1949 |
| Employees | 3046 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.51% |
| Return on Equity - YTD | 8.3% |
| Annual Interest Income | $375.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $22.38B$22.56B |
| Loans | Q2 2019vs Q2 2018 | $10.50B$10.06B |
| Deposits | Q2 2019vs Q2 2018 | $16.94B$17.01B |
| Equity Capital | Q2 2019vs Q2 2018 | $4.11B$3.92B |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $87.0MM$85.0MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $38.2MM$21.1MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $2.0MM$10.3MM |
Sorry, we do not have rate data for Prosperity Bank (TX).
