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Last Word
A Conversation With David Zalman
David Zalman, senior chairman and CEO of $38.8 billion Prosperity Bancshares, is a master of the rollup. In his 38 years as either president or CEO, the Houston-based company has completed about 40 community bank deals, piecing together a franchise that spans much of Texas and reaches into Oklahoma. He recently talked with Bank Director magazine’s Contributing Writer John Engen about the role of rollups in the industry and how the M&A market has changed. You’ve employed a rollup strategy to grow Prosperity. What are the benefits? Banks can pursue growth in two ways. Some want to acquire, and others…
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WRITTEN BY
John Engen
Contributing Writer
John Engen is a contributing writer for Bank Director. He has more than 30 years of experience as a business journalist, writing for a variety of newspapers and magazines, and was a foreign correspondent for the Associated Press. He graduated with a degree in economics and international relations from the University of Minnesota and did his post-graduate work in Asian studies at the University of Hawai’i.