SAN
ANTONIO, Aug. 1, 2023 /PRNewswire/ -- Frost Bank,
the subsidiary of Cullen/Frost Bankers, Inc. (NYSE: CFR) announced
today that Pat Frost plans to retire
at the end of this year. Frost, whose tenure started in 1984,
serves as group executive vice president of Cullen/Frost Bankers
and president of Frost Bank and Frost Insurance.
"On behalf of all of us at the bank, I'd like to congratulate
Pat on his upcoming retirement, acknowledge his longtime service to
our company, and thank him for everything he's done," said
Phil Green, Cullen/Frost Chairman
and CEO. "Pat's legacy both inside Frost and around San Antonio – particularly though his
philanthropy and community involvement – speaks for itself. Over
the years he has played crucial roles in our company's success, and
we're grateful for all of his contributions to that success."
After his retirement, Pat Frost
will continue in a consulting role with the bank. In the interim
period, he welcomes longtime San
Antonio banker Kenny Wilson,
who has joined Frost Bank as Chief Wealth Officer and Group
Executive Vice President leading the overall strategy, execution,
and growth for the Wealth Management teams. Wilson will work with
Pat Frost until the end of this
year. Wilson served for many years as Bank of America's top
executive in San Antonio before he
left the private sector to head up the Haven for Hope
nonprofit.
"As I look forward to more community and civic involvement in
the next chapter of my life, we are fortunate to have Kenny Wilson joining the company," Pat Frost said. "There has been a mutual respect
between us at Frost and him that goes back many years. He brings a
lifetime of banking experience and knowledge of the San Antonio community, and he'll help our
company make people's lives better.
"I've always felt banking was a calling, because it provides the
opportunity to help customers and businesses grow while serving in
the community," Frost said. "I look forward to exciting
opportunities ahead to help shape our city and make a lasting
impact."
About Frost:
Frost is the banking, investments and
insurance subsidiary of Cullen/Frost Bankers, Inc. (NYSE: CFR), a
financial holding company with $48.6
billion in assets at June 30,
2023. One of the 50 largest U.S. banks by asset size, Frost
provides a full range of banking, investments and insurance
services to businesses and individuals in the Austin, Corpus
Christi, Dallas,
Fort Worth, Houston, Permian Basin, Rio Grande Valley and
San Antonio regions. Founded in
1868, Frost has helped Texans with their financial needs during
three centuries. For more information, visit www.frostbank.com.
AB Mendez
Investor Relations
210-220-5234
or
Bill Day
Media Relations
210-220-5427
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SOURCE Frost Bank