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 $49.5 billion in assets at March 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. Beginning in 2018, Frost nearly doubled its presence in the Houston region by opening 25 new financial centers in the following two years. In 2023, we began our expansion efforts in Dallas with plans to open 28 more locations in that region. Frost has 185+ financial centers in major Texas markets and has launched an expansion project in Austin that will double the number of locations there by the end of 2025.
  • 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.

Media Contact:

Bill Day
Corporate Media Relations

For more information, please email Bill Day or call (210) 220-5427.