Company Information

Get to know LegacyTexas

LegacyTexas Financial Group, Inc. was the parent company of LegacyTexas Bank, a commercial bank headquartered in Plano, Texas. Originally founded in 1952, the bank grew significantly through acquisitions and organic growth to become one of the largest independent banks in Texas. It provided a comprehensive range of financial services to businesses and individuals, including commercial and retail banking, mortgage lending, and wealth management. In 2019, LegacyTexas announced its merger with Prosperity Bancshares, Inc. The transaction was completed in 2020, and all LegacyTexas branches and operations were fully integrated and rebranded under the Prosperity Bank name.

Industry

Financial BankingPRIMARY
Financial Insurance
Financial Other Service

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LegacyTexas

United States

Founded in

1952 (74 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

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ASIC

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.