Company: Frost Bank
For six generations, Frost has been committed to helping businesses and families in Texas prosper. What started as a small mercantile company in downtown San Antonio has grown into one of the strongest regional banks in the country. Frost is the banking subsidiary of Cullen/Frost Bankers, Inc., a $20 billion financial holding company traded on the NYSE as CFR. Frost provides a full range of commercial and consumer banking products, investment and brokerage services, insurance products and investment banking services. Founded in 1868, Frost is one the largest Texas-based banking organizations, with more than 115 financial centers in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Rio Grande Valley and San Antonio regions. Through all economic cycles, Frost has remained true to its founding values and emphasis on outstanding service. In 2007, Frost adopted a revised logo to better communicate the company’s diversified capabilities of banking, investments and insurance and to help position Frost for the future. In August 2007, CEO Dick Evans and CFO Phil Green celebrated the company's 10th anniversary of Cullen/Frost Banker's listing on the New York Stock Exchange. During the decade, Frost experienced continued growth and expansion with new branch openings in various markets and acquisitions in the Dallas/Fort Worth area and in the Valley, bringing the number of Frost locations to more than 115. Frost is the only Texas bank with three lockbox processing companies in the state. As of December 31, 2012, Cullen/Frost’s assets totaled $20.3 billion. Frost was the first bank in the nation to announce that the company would not apply for federal funding under the Troubled Asset Relief Program (TARP). The company is well capitalized anddid not want to participate in a program that would dilute shareholder value. Frost continues to guide its customers through the recession.