| Business Summary | | Cullen/Frost
Bankers
Inc.
(Cullen/Frost)
is
a
wholly
owned
second
tier
financial
holding
company
subsidiary
that
owns
all
banking
and
non-banking
subsidiaries
with
the
exception
of
Cullen/Frost
Capital
Trust
I,
a
statutory
business
trust
and
wholly-owned
subsidiary
of
the
Company.
Cullen/Frost's
principal
assets
consist
of
all
of
the
capital
stock
of
The
Frost
National
Bank.
The
products
and
services
offered
by
the
bank
include
commercial
banking,
consumer
services,
international
banking,
correspondent
banking,
insurance,
trust
services
and
discount
brokerage. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CFR
is
a
multi-bank
holding
company,
operating
79
offices
in
the
state
of
Texas.
For
the
six
months
ended
6/30/01,
interest
income
decreased
less
than
1%
to
$244.8
million.
Net
interest
income
after
loan
loss
provision
fell
5%
to
$143.8
million.
Net
income
before
acct.
change
fell
9%
to
$48.2
million.
Net
interest
income
reflects
a
decrease
in
taxable
securities,
and
a
lower
net
interest
margin.
Earnings
also
reflect
increased
salaries
and
wages. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Richard Evans, Jr., 54 Chairman,
Pres, CEO | $1.0M | Phillip Green, 46 CFO,
Sr. Exec. VP | 389K | Patrick Frost, 40 Pres
of Frost Bank, Director | 359K | T.C. Frost, 73 Sr.
Chairman | 89K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|