Charlotte Rasche Helped Prosperity Bank Survive PPP Avalanche
Charlotte Rasche and her team at Prosperity Bank worked days and nights in the early weeks of 2020 to integrate its $2.1 billion merger with LegacyTexas Bank. Then March came and Covid hit. With 273 banking locations across Texas and Oklahoma, Prosperity had to decide whether to close branches, require face masks or just operate drive-throughs. Each jurisdiction had different rules. And then the federal Paycheck Protection Program launched and 14,000 PPP loans with a combined value of more than $1 billion had to be processed. These were the challenges that faced Rasche as Prosperty's general counsel.



