β Frost Bank Routing Number π΄
1Frost Bank Routing Number
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About this product:
Frost Bank Routing Number
Frost Bank is a Texas-chartered bank based in San Antonio with 134 branches and 1,300 automated teller machines, all in Texas. It is the primary subsidiary of Cullen/Frost Bankers, Inc., a bank holding company. It is on the list of largest banks in the United States.
Over the years Frost has grown both organically and through acquisition of other banks, beginning in 1928 with the purchase of Lockwood National Bank..[2] In 1977, the company merged with Cullen Bankers, Inc. of Houston forming Cullen/Frost Bankers, Inc. and its stock began trading on the NASDAQ.[2]
Five years later, in 1982, Cullen/Frost Bankers and United States National Bancshares, Inc. (USNB) of Galveston, Texas merged, but Frost operated USNB separately for nearly two decades.[4] As new financial services legislation allowed banks to broaden the services they offered customers, Cullen/Frost folded the USNB charter into Frost's in 2000.With this action, the last bank using the federally forbidden United States National Bank title ceased to exist.[4]
A year later, in 1983, the bank announced it intended to merge into First City Bancorp of Houston, Texas,however the merger was never completed. First City was subsequently rescued by the FDIC in 1988 and ultimately bankrupted in 1992 and was absorbed by other banks, primarily Texas Commerce Bank (now Chase).
Finishing out its first century, in 1999 Frost Bank acquired Commerce Financial Corp.[8] and Frost Insurance Agency, a subsidiary of the bank acquired Professional Insurance Agents Inc.[9]
The first few years of the 21st century saw the grow through external acquisitions, with the purchase of Alamo Bank of Texas, Horizon Capital Bank, Summit Bancshares Inc., Texas Community Bank and Western National Bank.
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