Fact sheet
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Fact sheet
- Established in 1868 in San Antonio, Frost received a national bank charter in 1899 and switched to a state charter in 2012.
- One of the 50 largest U.S. banks, Cullen/Frost is a financial services company with $52.5 billion in assets at December 31, 2024 and $61 billion in trust, brokerage and advisory assets as of March 31, 2024.
- With over 5,000 employees statewide, Frost offers banking, investments and insurance to Texans in the San Antonio, Austin, Corpus Christi, Dallas, Fort Worth, Houston and Permian Basin and Rio Grande Valley regions.
- The holding company, Cullen/Frost Bankers, Inc., was created with the 1977 merger of Frost Bank Corp. and Cullen Bankers, Inc. The stock was first listed on Nasdaq and has been listed on the NYSE since 1997 under the ticker CFR.
- While other banks are closing locations, Frost is expanding, and we now have nearly 200 financial centers in major Texas markets. By launching an expansion project in 2018, Frost more than doubled its presence in the Houston region. More recently, we began expansion efforts in Dallas with plans to triple the number of financial centers in that region and another expansion in the Austin region to double the number of locations there.
- As of 2024, Frost has earned the highest ranking in customer satisfaction in Texas in the J.D. Power Retail Banking Satisfaction Study for 15 consecutive years.
- As of 2023, Frost has earned more Greenwich Excellence and Best Brand Awards for providing superior service, advice and performance to small-business and middle-market banking clients than any other bank nationwide for eight consecutive years.