San Antonio banker Tom Frost of Frost Bank dies
Tom Frost, chairman emeritus of Frost Bank, died Friday according to the company.
Frost, 90, was recovering in the hospital from a stroke in late July. He lived in San Antonio for the entirety of his life.
Frost Bank, founded by his great grandfather in 1868, was celebrating its 150th anniversary this year. Phil Green, chairman and CEO of Cullen/Frost Bankers provided a statement following Frost's death.
Tom Frost’s impact on our company, and in San Antonio in general, can’t be overstated. His leadership guided Frost Bank through times of rapid growth, expansion into other markets and its transition to a publicly traded company. He had the vision and courage to oversee a leadership transition, and became chairman emeritus when the first CEO from outside the Frost family took over.
“In San Antonio, Tom Frost was an integral part of every community development from the medical center, Hemisfair and bringing the Spurs here through the city’s Tricentennial.
“Frost celebrates its own 150th anniversary this year. Companies don’t last that long without great leadership. They also don’t last that long without a culture that emphasizes long-term relationships with customers, something that came from Tom Frost. He wrote our mission statement, which still guides us: We will grow and prosper building long term relationships though top quality service, high ethical standards and safe sound assets.
“All of us who knew Tom and learned from him will miss him terribly. Our sympathies are with his family.
Frost Bank is now one of the largest banks in the country.