Initial Purchase: 1/6/2015
Cost basis: $66.70
Current Portfolio Status: Hold
Dividend Reinvestment: N
Dividends paid quarterly in Mar, Jun, Sep, Dec
Shares held on account at Motif
Cullen/Frost Bankers, Inc. operates as the bank holding company for Frost Bank that offers commercial and consumer banking services in Texas. The company operates through two segments, Banking and Frost Wealth Advisors. It provides commercial banking services to corporations and other business clients, such as financing for industrial and commercial properties, interim construction, equipment, inventories, and accounts receivable; acquisition financing; commercial leasing; and treasury management services. The company also offers consumer banking services, including checking accounts, savings programs, automated-teller machines (ATMs), overdraft facilities, installment and real estate loans, home equity loans and lines of credit, deposit services, and brokerage services. In addition, it provides international banking services, such as accepting deposits, making loans, issuing letter of credits, handling foreign collections, transmitting funds, and dealing in foreign exchange. Further, the company acts as a correspondent for approximately 266 financial institutions; offers trust, investment, agency, and custodial services for individual and corporate clients; provides capital market services comprising sales and trading, new issue underwriting, money market trading, and securities safekeeping and clearance; and supports international business activities. Additionally, it offers insurance brokerage services; securities brokerage services; investment advisory and private equity services to middle market companies; and loans to qualified borrowers, as well as provides investment management services to Frost-managed mutual funds, institutions, and individuals. The company operates approximately 123 financial centers and 1,190 ATMs in Texas. It serves energy, manufacturing, services, construction, retail, telecommunications, healthcare, military, and transportation industries. Cullen/Frost Bankers, Inc. was founded in 1868 and is headquartered in San Antonio, Texas.
Relationship with FFIN and IBTX.