Texas

Cynde Jones, who served as an executive vice president for more than a decade, has taken over following longtime CEO Chuck Rutan's retirement.

The deal comes less than a week after the Louisiana company raised nearly $11 million.

Linda Landry, who at one time led Southeast Texas Employees FCU, has been barred from participating in the affairs of any federally insured financial institution.

Erasmo Ramos will move from one southern Texas CU to another.

Deal values this year have been smaller than last year despite the hubbub over BB&T-SunTrust. Prosperity's agreement to buy LegacyTexas raises the possibility that the size of bank deals could start climbing.

The deal, among the four biggest bank acquisitions announced this year, would make Prosperity the second-largest bank based in Texas.

Eric Jenkins is taking over at the Amarillo-based institution as its president and CEO is set to retire.

Diverse economies and a limited number of sellers are making markets like Tampa, Fla., a hot spot for growth-minded banks.

Someone reportedly was burning paper at the Texas bank on a recent Saturday night, and a state regulator cited "insider fraud and abuse" after Enloe was closed.

Regulators closed The Enloe State Bank in Texas late Friday, marking the first failure in 17 months and the first in the Lone Star State in over five years.