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 $52.9 billion in assets on December 31, 2022 and $54.1 billion in trust, brokerage and advisory assets as of December 31, 2022.
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. Beginning in 2018, Frost nearly doubled its presence in the Houston region by opening 25 new financial centers in the following two years. This year, we began our expansion efforts in Dallas with plans to open 28 more locations in that region. Frost has more than 160 financial centers in major Texas markets and is planning to add more.
As of 2022, Frost has earned the highest ranking in customer satisfaction in Texas in the J.D. Power Retail Banking Satisfaction Study for 13 consecutive years.
As of 2022, 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 seven consecutive years.