August 24, 2016 9:47 AM ET

Banks

Company Overview of Frost Bank, Inc.

Company Overview

Frost Bank, Inc. provides personal and business banking, investment, and insurance products and services in Texas. The company’s personal banking products and services include certificates of deposits (CDs), gift cards, home loans and equity, personal loans, auto loans, and online and mobile banking services, as well as checking, savings, and money market accounts; investment products and services, such as IRAs and retirement, brokerage accounts, education funding, frost mutual funds, managed accounts, trust and estate planning, frost investment advisors, and online services; and insurance products and services comprising home insurance, auto insurance, life insurance, umbrella insurance, va...

100 West Houston Street

San Antonio, TX 78205

United States

Founded in 1868

Phone:

210-220-4011

Fax:

210-220-5578

Key Executives for Frost Bank, Inc.

Chairman and Chief Executive Officer
Age: 69
President, Director and Group Executive Vice President of Frost Wealth Advisors
Age: 56
Chief Financial Officer and Group Executive Vice President
Age: 57
President of Cullen/Frost Bankers Inc
Age: 61
Senior Executive Vice President and Director of Trust
Compensation as of Fiscal Year 2016.

Frost Bank, Inc. Key Developments

Frost Bank Announces Executive Changes

Frost Bank has announced the appointment of Richard Kardys, group executive vice president, Frost Wealth Advisors, and the executive officer with responsibility for trust and investments since 1980, as the new senior officer of Frost Wealth Advisors and will provide counsel to Pat Frost, who succeeds him. Pat Frost, president of Frost Bank and a director of Cullen/Frost Bankers, Inc., will take over the leadership role for Frost Wealth Advisors from Kardys. Michael Milich, who joined Frost in 2007 as executive vice president and Trust Regional Manager in the Houston region, will move to San Antonio to become senior executive vice president Director of Trust. In his new position, he will be responsible for Frost's trust division statewide. Michael Milich will report to Pat Frost. Vernon Torgerson, who has been with Frost since 1970, continues as senior executive vice president and becomes Wealth Advisor Director. He maintains his responsibility over Frost Investment Advisors, LLC and Frost Brokerage. Vernon Torgerson will also report to Pat Frost.

Frost Bank, Inc. Announces Leadership Changes for Frost Wealth Advisors

On January 6, 2016, Frost Bank announced several leadership changes for Frost Wealth Advisors. The changes are effective April 1, 2016. As a result of the changes, Richard Kardys, group executive vice president, Frost Wealth Advisors, and the executive officer with responsibility for trust and investments since 1980, will become Wealth Advisor Senior Officer and will provide counsel to Pat Frost, president of Frost Bank and a director of Cullen/Frost, who will take over the leadership role for Frost Wealth Advisors from Kardys.

Cullen/Frost Bankers, Inc. and Frost Bank Appoint Chris Avery to its Board

Chris Avery, CEO and chairman of the board of James Avery Jewelry, has been named to the board of directors of Cullen/Frost Bankers, Inc. and Frost Bank. Chris Avery has served on the James Avery Craftsman board of directors since 1989. In 1991, he left his profession as chief of anesthesia at Sid Peterson Memorial Hospital in Kerrville to assist in the transition and direction of the family business, with the expectation of returning to his anesthesia practice four or five years later. He has remained with the company in an executive capacity ever since, becoming president and chief operating officer at James Avery in 1991 and later assuming the roles of CEO and chairman of the board in May 2007. Avery is president of the Fredericksburg Hospital Authority board of directors and has served the boards of Hill Country Memorial Hospital in Fredericksburg, Texas and Sid Peterson Hospital in Kerrville, Texas.

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