Frost Bank revealed on Aug. 1, that Pat Frost, group executive vice president of Cullen/Frost Bankers and president of both Frost Bank and Frost Insurance, intends to retire by the end of 2023, according to a press release. Frost, with a tenure that began in 1984, will retain a consultant role with the bank after his retirement.
“As I look forward to more community and civic involvement in the next chapter of my life, we are fortunate to have Kenny Wilson joining the company,” Frost said. “There has been a mutual respect between us at Frost and him that goes back many years. He brings a lifetime of banking experience and knowledge of the San Antonio community, and he’ll help our company make people's lives better.
“I’ve always felt banking was a calling because it provides the opportunity to help customers and businesses grow while serving in the community,” Frost said. “I look forward to exciting opportunities ahead to help shape our city and make a lasting impact.”
Kenny Wilson has joined Frost Bank as the chief wealth officer and group executive vice president in the interim period. Wilson's role entails steering the strategy, implementation and expansion of the Wealth Management divisions. Having held a prominent role as Bank of America's leading executive in San Antonio, Wilson transitioned from the private sector to head the nonprofit organization Haven for Hope. Frost will collaborate with Wilson until the end of the year, according to the press release.
“On behalf of all of us at the bank, I’d like to congratulate Pat on his upcoming retirement, acknowledge his longtime service to our company and thank him for everything he’s done,” said Phil Green, Cullen/Frost chairman and CEO, according to a press release. “Pat’s legacy both inside Frost and around San Antonio – particularly through his philanthropy and community involvement – speaks for itself. Over the years he has played crucial roles in our company’s success, and we’re grateful for all of his contributions to that success.”