Cullen/Frost in Texas Taps New President

By Colin Wilhelm January 28, 2015, 10:30 a.m. EST 1 Min Read

M&A

Cullen/Frost's Fair-Lending Deal with Fed Is an M&A Wake-Up Call

Bank buyers and sellers should pay attention to the Fed's recent approval of Cullen/Frost's acquisition of WNB Bancshares. Cullen/Frost had to agree to improve its fair-lending and other functions, underscoring the importance of buyers who work well in resolving compliance and other problems with regulators.

By Robert Barba

May 21
M&A

Cullen/Frost to Buy Texas Bank for $220M

Cullen/Frost Bankers (CFR) in San Antonio has agreed to buy WNB Bancshares (WNB) in Odessa, Texas, for $220 million in stock and cash.

By Sarah Todd

August 13
M&A

Cullen/Frost Pays Up for a Chip Off the Old Block

Cullen/Frost Bankers, led by Dick Evans, is breaking into oil-rich west Texas with a deal for WNB Bancshares. The seller was attractive partly because it resembled Cullen/Frost, Evans says.

By Robert Barba

August 15

Cullen/Frost Bankers in San Antonio has a new president.

The $28.3 billion-asset company said in a press release Wednesday that it had promoted Phil Green, formerly chief financial officer, to succeed Dick Evans, who will remain chairman and chief executive. Green, who joined the company in 1980, has been CFO for about 20 years.

Jerry Salinas, the company's treasurer since 1997, succeeded Green as CFO.

The company also named Paul Bracher, who joined Cullen/Frost in 1981, as chief banking officer.

Separately, Cullen/Frost announced that its fourth-quarter earnings rose 17% from a year earlier, to $70.7 million.

Colin Wilhelm

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