PROSPERITY BANCSHARES, INC. (NYSE:PB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously disclosed, on February 12, 2019, the Company announced that David Hollaway will retire from his positions as Chief Financial Officer of Prosperity Bancshares, Inc. (the “Company”) and Prosperity Bank (the “Bank”), effective April 1, 2019.
On March 28, 2019, the Board of Directors of the Company appointed Asylbek Osmonov, currently the Bank’s Chief Accounting Officer, to serve as Interim Chief Financial Officer, effective April 1, 2019. Mr. Osmonov will continue to serve as the Bank’s Chief Accounting Officer.
Mr. Osmonov, 38, has been the Bank’s Chief Accounting Officer since September 2013.Prior to joining the Bank, Mr. Osmonov was an audit senior manager at Deloitte LLP, where he worked from 2004 to 2013. While at Deloitte, he focused on the financial services and oil and gas industries. Mr. Osmonov is a Certified Public Accountant. Mr. Osmonov received his Bachelor or Accountancy from the University of Mississippi and Masters of Professional Accounting from the University of Texas.
About PROSPERITY BANCSHARES, INC. (NYSE:PB)
Prosperity Bancshares, Inc. is a financial holding company. The Company operates through its bank subsidiary, Prosperity Bank (the Bank). The Bank provides a range of financial products and services to small and medium-sized businesses and consumers. The Company’s additional products and services include trust services, brokerage, mortgage lending, credit card and independent sales organization (ISO) sponsorship operations. The Company also has a trust department, which provides trust services in the Company’s various market areas. The Bank offers a range of loan products, including term loans, lines of credit and loans for working capital, business expansion and the purchase of equipment and machinery; land development and interim construction loans for builders, and owner-occupied and non-owner occupied commercial real estate loans. The Bank also offers other loans, such as commercial and industrial loans, one- to four-family residential loans, agriculture loans and consumer loans.