Key Personnel Changes at Cullen/Frost Bankers, Inc.Key Personnel Changes at Cullen/Frost Bankers, Inc. Cullen/Frost Bankers, Inc. (NYSE: CFR) announced significant personnel changes effective immediately and in the coming months: * Retirement of Jerry Salinas: * Jerry Salinas, group executive vice president and chief financial officer, will retire at the end of 2024. * Salinas has held various roles at Frost since 1986, including controller, treasurer, and CFO. * New Chief Financial Officer: * Dan Geddes, San Antonio Region President, will transition to the role of Chief Financial Officer on January 1, 2025. * Geddes has 27 years of experience in Frost’s commercial banking operations. * New San Antonio Regional President: * Clay Jones, a long-time commercial banker in San Antonio, has been appointed as the new Regional President. * Chief Accounting Officer: * Matt Henson, an executive vice president with 21 years of experience in Frost’s accounting department, will become Chief Accounting Officer on January 1, 2025. About Cullen/Frost Bankers, Inc. With $49.5 billion in assets as of March 31, 2024, Cullen/Frost Bankers, Inc. is one of the 50 largest U.S. banks. Frost provides a wide range of banking, investment, and insurance services to businesses and individuals across Texas. Contact Information: * Investor Relations: AB Mendez, 210-220-5234 * Media Relations: Bill Day, 210-220-5427
SAN ANTONIO, July 1, 2024 /PRNewswire/ — Cullen/Frost Bankers, Inc. (NYSE: CFR) today announced that Jerry Salinasgroup executive vice president and chief financial officer of Cullen/Frost and Frost Bank, has decided to retire at the end of 2024. Salinas has served Frost since 1986 in various roles, including bank and corporate controller in 1989 and treasurer in 1997. He became senior executive vice president and treasurer in 2001 and was appointed to his current role in 2015.
“If you think about any of the major initiatives the company has undertaken over the last 40 years – acquisitions, major transactions, our expansion projects – Jerry has played a significant role in all of those initiatives,” he said. Phil GreenCullen/Frost Chairman and CEO. “In addition, Jerry is a trusted advisor and a good friend. I would like everyone at Frost to join me in thanking and congratulating him on his well-deserved retirement.”
Salinas said he was grateful for the opportunity to spend his career at Frost. “It has been a great experience helping the company grow and thrive over the years, and it has been a blessing to spend my career at an organization with such a great culture and core values that reflect my own personal values,” he said. “I have worked for Phil my entire career at Frost and am grateful for his mentorship, trust and friendship over the years. I will miss the relationships I have built here and will remember them fondly as I look forward to the next phase of my life.”
Effective immediately, Frost is the San Antonio Region President Dan Geddes will step down from his current position as he transitions to the role of Chief Financial Officer January 1, 2025Geddes will join Frost’s executive team for the time being.
“Dan is a 27-year-old Frost commercial banker with broad experience in our business, where he led the successful execution of our Houston expansion and successful leadership of our largest region in our core 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 of continuing that tradition.”
Long-time commercial banker in San Antonio Clay Jones has been declared the new San Antonio regional chairman, effective immediately. Matt Hensonan executive vice president with 21 years of experience in Frost’s accounting department, will assume the role of chief accounting officer January 1, 2025.
About Frost:
Frost is the banking, investment and insurance subsidiary of Cullen/Frost Bankers, Inc. (NYSE: CFR), a financial holding company with $49.5 billion in assets at March 31, 2024Frost is one of the 50 largest U.S. banks by asset size, offering a full range of banking, investment and insurance services to businesses and individuals in the Austin, Corpus Christi, Valleys, Fort Worth, HoustonPermian Basin, Rio Grande Valley and San Antonio regions. Founded in 1868, Frost has helped Texans with their financial needs for three centuries. For more information, visit www.frostbank.com.
AB Mendez
Investor Relations
210-220-5234
or
Bill Day
Media relations
210-220-5427
SOURCE Cullen/Frost Bankers, Inc.
