PROSPERITY BANK in Lubbock, TX

Prosperity Bank completed the construction of a new branch bank located at 10701 Slide Road in Lubbock, Texas. The project, registered with TDLR as 'Prosperity Bank - Lubbock,' involved the new construction of a 3,600 square foot facility with an estimated cost of $3,000,000. This development represents a significant financial investment in the local banking infrastructure, with a calculated cost of $833 per square foot.

The construction timeline began in December 2024, with a scheduled completion date of December 2025. The project was registered with the Texas Department of Licensing and Regulation in October 2024, and plan review was completed in the same month. Stephen D Macphie served as the registered accessibility specialist for the project. The design firm of record was Parkhill, which also handled other commercial projects in the region.

Project Scope and Financials

The scope of work was explicitly defined as the new construction of a branch bank. The estimated cost of $3,000,000 places this project above the county median for new construction filings in Lubbock County. The median estimated cost for similar projects in the area is $800,000, meaning this branch is in the top quarter of cost for its type. The scheduled build window of 365 days is longer than the county median of 244 days, reflecting the complexity of the new build.

Completion and Status

The final inspection for the project was passed in March 2026. Following the inspection, TDLR closed the project file in August 2026, which marks the end of the accessibility review process for this construction. The status of the project is now listed as Project Closed in the TDLR records. This closure confirms that the construction phase is complete and the accessibility requirements have been met.

Prosperity Bank has registered six other projects with TDLR, totaling $6,104,890. These include locations in Jacksboro, Seguin, San Antonio, Dallas, and Plano. The Lubbock branch is the most expensive single project among these filings. Parkhill, the design firm, has been involved in six other TDLR-registered projects totaling $21,491,450, including facilities in Florence, Midland, Shallowater, Wink, and Lubbock.

The project is privately funded and located on private land for private use. The area profile for ZIP code 79424 indicates a population of about 52,336 and a median household income of $94,703. The Lubbock County unemployment rate was 3.9 percent in August 2026, lower than a year earlier. This new branch adds to the banking options available in the Lubbock community.