Stellar Bank Merger Updates District Banking Terms

Stellar Bank representatives informed the Board that Stellar Bank has merged with Prosperity Bank, with full conversion in March 2027 and collateralization of District deposits moving from Letters of Credit to Securities. District banking relationships and account managers will continue through the merged institution.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Merger with Prosperity Bank closed July 1, 2026; full conversion March 2027

Renewal

Existing depository/banking agreements will continue under the merged Stellar–Prosperity structure; future renewals will follow the new bank's terms.

Document type

Minutes

Source document

Harris County Water Control and Improvement District No. 36 Minutes of Meeting of Board of Directors 2026-07-28

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by HARRIS COUNTY WCID 36?

Stellar Bank was awarded this financial services contract by HARRIS COUNTY WCID 36, as recorded on July 28, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Harris County Water Control and Improvement District No. 36 Minutes of Meeting of Board of Directors 2026-07-28 (Minutes), dated July 28, 2026 from HARRIS COUNTY WCID 36. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Stellar Bank hold?

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