| Frost National Bank | |
|---|---|
 | |
| Type | Public (NYSE:CFR) |
| Founded | 1868 |
| Headquarters | San Antonio, Texas |
| Key people | Tom Frost, Senior Chairman Richard W. Evans, Jr., Chairman & CEO Phillip D. Green, Group Executive Vice President & CFO |
| Industry | Finance and Insurance |
| Products | Banking Investments Insurance |
| Revenue | $709.9 million USD (FY 2006) $88.3M |
| Employees | 3,796 |
| Slogan | We're From Here |
| Website | www.frostbank.com |
Frost National Bank is a nationally chartered bank founded in 1868 and based in San Antonio, Texas with more than 100 financial centers across Texas. Frost Bank is one of the largest Texas-based banks and is the 74th largest U.S. bank by asset size. The company offers a full range of commercial and consumer banking products, investment and brokerage services, insurance products and investment banking needs to customers throughout Texas. Frost Bank is a subsidiary of Cullen/Frost Bankers, Inc. (NYSE: CFR), a financial holding company, also based in San Antonio, with over $13.2 billion in assets.
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History
For five generations and over three centuries, Frost has been committed to helping businesses and families throughout Texas prosper. Founded in 1868 in San Antonio by Col. T.C. Frost, Frost survived two World Wars, the 1929 stock market crash and the Great Depression, when thousands of banks in the U.S. failed. In 1977, Frost Bank Corp. and Cullen Bankers, Inc. of Houston merged, forming the holding company, Cullen/Frost Bankers, Inc. Throughout its history, Cullen/Frost has acquired many other Texas banks that fit with the company's culture and focus on relationships and service. In 1982 Cullen/Frost Bankers and United States National Bancshares, Inc. of Galveston, Texas merged, but Frost operated United States National Bank (USNB) separately for nearly two decades. As new financial services legislation allowed banks to broaden the services they offered customers, Cullen/Frost folded the USNB charter into Frost's in 2000. With this action, the last bank using the federally forbidden United States National Bank title ceased to exist. Growing and prospering through the years, Frost was the 10th largest bank in Texas in the early 1980s. A decade later, it would be the biggest. As energy prices plunged, real estate slumped and the banking industry collapsed, Frost emerged as the only one of the top 10 banks in the state to survive intact, without federal assistance or a merger with an out-of-state financial institution. Frost has more than quadrupled in asset size since late 1992 by growing its banking, investments and insurance business and through acquisitions. At September 30, 2007, the company had $13.2 billion in assets and more than 100 locations in the Austin, Corpus Christi, Dallas, Fort Worth, Galveston, Houston, San Antonio and Rio Grande Valley regions. This growth has solidified the company’s Texas base and fueled an expansion of services. Today, Frost offers a broad range of sophisticated financial services, including business and consumer banking; investment, trust, retirement and financial management services; insurance and investment banking. Cullen/Frost Bankers, Inc. was originally listed on NASDAQ, but began trading under the symbol "CFR" on the NYSE in 1997.
Financial center locations
Frost Bank operates more than 100 financial centers across Texas in the following markets:
- Austin (8)
- Boerne (2)
- Corpus Christi (8)
- Dallas (5)
- Fort Worth/Tarrant County (22)
- Galveston (2)
- Houston (22)
- New Braunfels (1)
- Rio Grande Valley (13)
- San Antonio (18)
- San Marcos (2)
