Backgrounder

Founded in San Antonio in 1868, Frost is the banking, investments and insurance subsidiary of Cullen/Frost Bankers, Inc. (NYSE: CFR), a financial holding company with $51.0 billion in assets at September 30, 2024. One of the 50 largest U.S. banks, Frost provides a full range of business and consumer banking products, investment and brokerage services, and insurance products to businesses and individuals in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Permian Basin, Rio Grande Valley and San Antonio regions.

During the Texas economic crisis of the 1980s, when energy prices and real estate plummeted, Frost was the only one of the 10 largest Texas-based banking companies to survive without federal assistance or a takeover by an out-of-state financial institution.

Frost has grown over the last three decades, through acquisitions of other Texas banks and insurance agencies and by opening new financial centers. That physical growth is also reflected in an expansion of the company's banking, investments and insurance products and services.

As a strong regional banking company, Frost offers the resources, products and technology of larger banks with the personal attention and excellent service of community banks. As a result, Frost has one of the highest customer retention rates in the nation, and frequently is awarded with top honors in national customer service rankings.

With more than 150 years of helping Texans meet their financial goals, Frost is committed to providing customers with the resources, information and counsel to make safe and smart decisions about their money.