• Established in 1868 in San Antonio, receiving national bank charter in 1899. Switched to a state charter in 2012.
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  • The largest Texas-based banking company that operates only in Texas, with 4,000 employees statewide.
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  • Cullen/Frost Bankers, Inc. publicly traded since 1977, first on Nasdaq, and on the NYSE since 1997 under the ticker CFR.
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  • 1980s - Frost made it through the oil, real estate and banking crisis as the only one of the top 10 Texas-based bank holding companies to survive without Federal assistance or being taken over by an out-of-state bank.

      • The lessons learned from the 1980s are helping Frost get through the current financial crisis.
             • Identifying problems early 
             • Staying close to customers
             • Continuing to build business

  • Frost gets out of businesses that no longer fit its relationship model. In 2000, Frost made a strategic decision to exit residential mortgage business, as mortgages had become commodities. In the mid 1980s, Frost also got out of the credit card business for the same reason.
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  • With no direct exposure to mortgages, Frost survived the mortgage meltdown of 2008.
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  • From 2007 to 2012, Frost saw record deposit growth of 85 percent, or more than $9 billion, a reflection that customers think of Frost as a safe haven amid the turbulence.
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  • In October 2008, Cullen/Frost was the first financial company in the nation to publicly turn down federal funds under the Troubled Asset Relief Program, or TARP.
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  • During 2008, Cullen/Frost was added to the KBW Bank Index (KBX), which is composed of 24 banking companies designed to be representative of the U.S. banking industry.

 

  • Cullen/Frost today is a $24.3 billion financial services company, with 115 locations in all the key markets of Texas.
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  • Frost offers banking, investments and insurance to Texans in the San Antonio, Austin, Corpus Christi, Dallas, Fort Worth, Houston and Rio Grande Valley regions.
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  • Dick Evans has been CEO since 1997 and is the first person to hold that position who is not a member of the founding Frost family.
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