| Sitting down with: Frost CEO Dick Evans
When Cullen/Frost Bankers Inc., the parent company of Frost Bank, purchased Fort Worths Summit Bank for $363.5 million in stock and cash in July 2006, the banks profile in the city immediately rose. Now, Fort Worth is the banks top loan market and the No. 2 deposit market. The deal also increased the number of Frost branches in the area to 24, from 14, and made Frost the fourth-largest bank in the area. Statewide, Frost now has over 100 branches and $13.2 billion in assets as of the end of last year. Last week, Dick Evans, CEO of San Antonio-based Frost, spoke with the Business Press Robert Francis about the 139-year-old bank. What are the issues that concern you as a large bank in Texas? Im so positive on everything, its hard to say. But I think the question of how you continue to grow is facing all banking organizations.
WAR, ENERGY, BANKS & USDOLLAR
On the eve of the next war front to explode in the Persian Gulf region, some thoughts on the energy sector seem appropriate which attempt to tie some factors together. In the last two to three years, the biggest challenge to analysts is not so much identification of certain relevant effects, as it is integration of analysis on a several simultaneous patently clear crucial factors for correlation. To friends an assessment has been often used by me, This is five dimensional chess, and at any one time, three dimensions are dominant. All are linked increasingly and with more complexity. The challenge is to finger the most important pairs of factors. That covers it in my opinion. The tight relationship between the crude oil price and the USDollar valuation is historically well known, firmly in place for over three decades.
NewsWatch: Board OKs plan to waive BWI fees for new airlines
The Maryland Board of Public Works on Wednesday approved amendments to allow the Maryland Aviation Administration to waive user fees and rent for new airlines for a two-year promotional period at Baltimore-Washington International Thurgood Marshall Airport in Linthicum. .
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