SAN
ANTONIO, July 1, 2024 /PRNewswire/ -- Cullen/Frost
Bankers, Inc. (NYSE: CFR) announced today that Jerry Salinas, group executive vice president
& chief financial officer of Cullen/Frost and Frost Bank, has
decided to retire at the end of 2024. Salinas has worked at Frost
since 1986 in several positions, including being named bank and
corporate controller in 1989 and treasurer in 1997. He became
senior executive vice president and treasurer in 2001 and was named
to his current position in 2015.
"If you think of any major initiative that the company has
undertaken in the past four decades –acquisitions, major
transactions, our expansion projects – Jerry played an important
role in all of them," said Phil
Green, Cullen/Frost Chairman and CEO. "In addition, Jerry
has been a trusted adviser and a good friend. I would like everyone
at Frost to join me in thanking him and congratulating him on his
well-deserved retirement."
Salinas said he was grateful for the chance to spend his career
at Frost. "It has been a great experience to help the company grow
and prosper over the years, and it has been a blessing to have
spent my career at an organization with such a great culture and
with core values that mirror my personal values," he said. "I have
worked for Phil my entire career at Frost, and I am grateful for
his mentorship, trust and friendship over the years. I will miss
the relationships that I have developed here and will remember them
fondly as I look forward to the next phase of my life."
Effective immediately, Frost's San Antonio Region President
Dan Geddes will step down from his
current position as he transitions to assume the role of chief
financial officer on Jan. 1, 2025.
Geddes will join Frost's executive leadership team in the
interim.
"Dan is a 27-year Frost commercial banker who has a broad
experience in our company, having led the successful execution of
our Houston expansion as well as
successfully leading our largest region in our headquarters market
of San Antonio," Green said. "At
Frost, we expect our CFO to also act as a kind of chief integrity
officer, which Jerry did admirably. Dan will do a fantastic job
continuing that tradition."
Longtime San Antonio commercial banker Clay Jones has been named the new San Antonio region president, effective
immediately. Matt Henson, an
executive vice president with 21 years of experience in Frost's
accounting division, will assume the role of chief accounting
officer on Jan. 1, 2025.
About Frost:
Frost is the banking, investments and
insurance subsidiary of Cullen/Frost Bankers, Inc. (NYSE: CFR), a
financial holding company with $49.5
billion in assets at March 31,
2024. 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 Cullen/Frost Bankers, Inc.