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Wednesday, January 20, 2021

Frost kicks off 150th anniversary with events in Tarrant County region

Frost Bank will celebrate the 150th anniversary of its founding throughout 2018 with a series of events in the Tarrant County region, where the company has 22 financial centers.

Frost will be hosting several food drives to benefit food banks throughout the region in early February. This is just one way Frost bankers will volunteer in ways that make lives better, according to a news release.

“This year, as our company turns 150, we are going to celebrate 150 years of doing what’s right, right here,” said Frost Chairman and CEO Phil Green in the release. “Frost will honor the past and step into the future by helping to make our communities better places to live and by helping Texans feel more financially secure.”

Frost was established in San Antonio in 1868 by founder Thomas Claiborne Frost and his brother. According to the release, the pair founded the business to aid area farmers and ranchers, and to store their customers’ goods until prices improved. Along the way, T.C. Frost became a trusted financial partner for his customers and Frost Bank was formed.

Frost Bank soon expanded into other Texas cities and added services including:

— Frost Insurance

— Frost Wealth Advisors

— and Frost Investment Advisors.

The company became publicly traded in 1977, and now trades on the New York Stock Exchange under the ticker symbol CFR.

“This is an opportunity for us to highlight all the things that set Frost apart from other institutions,” Hadley Woerner, the market president in Frost’s Tarrant County region, said in the release. “As with everything we do, this anniversary celebration will emphasize our commitment to our customers and the communities where we live.”

Frost Bank is the largest Texas-based bank to have all operations within the state, and is the only one of the 10 largest Texas banks to have survived the energy and real estate downturn of the 1980s, the release stated.

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