Cullen/Frost Bankers, Inc. · San Antonio, TX United States ·(NYSE: CFR)
Company Description
Phone: 210-220-4011
Fax: 210-220-4325
Rankings
- S&P 400
View Cullen/Frost Bankers, Inc. Locations On A US Map
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This link will open in a new window One of the largest independent bank holding companies based in Texas, Cullen/Frost Bankers owns Frost National Bank through a second-tier holding company, the New Galveston Company. The community-oriented bank serves individuals and local businesses, as well as clients in neighboring parts of Mexico, through more than 100 branches in Texas metropolitan areas. It offers commercial and consumer deposit products and loans, trust and investment management services, mutual funds, insurance, capital markets and brokerage services, and correspondent banking. Subsidiaries include Frost Insurance Agency, Frost Brokerage Services, Frost Investment Advisors, and investment banking arm Frost Securities. To read the full description, subscribe now.
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Key Cullen/Frost Bankers, Inc. Financials
| Company Type | Public - NYSE: CFR Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $821.3 |
| 2008 Employees | 3,892 |
Cullen/Frost Bankers, Inc. Executives
25 executives listed for Cullen/Frost Bankers, Inc.'s San Antonio, TX location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO; Chairman and CEO, Frost National Bank | Richard Evans | Network |
| Group EVP and CFO; CFO, Frost National Bank | Phillip Green | Network |
| EVP, Corporate Counsel, and Secretary | Stan McCormick | Network |
Competition
Competitive Landscape for Cullen/Frost Bankers, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Cullen/Frost Bankers, Inc. Competitors
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