Hunton & Williams Advises in Houston Business Journal’s Banking Deal of the Year for 2013

DALLAS — January 24, 2014 — Hunton & Williams LLP advised FVNB Corp. and its wholly owned subsidiary First Victoria National Bank headquartered in Victoria, Texas, in a merger agreement with Prosperity Bank. The stock-and-cash deal was valued at $374 million and named Houston Business Journal’s Deal of the Year 2013 in the banking category. The award given by this publication goes to “gamechangers in the industry” and is judged on deal size, whether it changed the competitive landscape and if the deal signaled significant development and investment. Additionally, the deal was ranked as the 7th largest deal in 2013 by American Banker.

According to the publication, the transaction gives Prosperity Bank more of a presence in the Woodlands and Eagle Ford Shale area of Texas. The deal, closed November 1, 2013, will also bring a $540 million-asset trust business to Prosperity. FVNB has 34 locations in Texas. Prosperity Bank has 243 branches in Texas and 9 in Oklahoma.

The Dallas-based legal team representing FVNB is led by corporate partners Charles E. “Stormy” Greef and Brian R. Marek, and includes tax partners Baker R. Rector and Jeff Blair and labor partner Alan J. Marcuis. Greef is co-head and Marek is a member of Hunton & Williams’ financial institutions corporate and regulatory group which focuses on bank regulatory and corporate matters. Lawyers within the practice represent banks, thrifts, foreign banks, their branches and agencies and other financial institutions, as well as bank and thrift holding companies and their officers, directors and owners.

About Hunton & Williams LLP

Hunton & Williams LLP provides legal services to corporations, financial institutions, governments and individuals, as well as to a broad array of other entities. Since our establishment more than a century ago, Hunton & Williams has grown to more than 800 lawyers serving clients in 100 countries from 19 offices around the world. Our practice has a strong industry focus on energy, financial services and life sciences, and our experience extends to practice areas including bankruptcy and creditors’ rights, commercial litigation, corporate transactions and securities law, intellectual property, international and government relations, real estate, regulatory law, products liability, and privacy and cybersecurity.