Tom Frost, who led Cullen-Frost Bankers through a time if extraordinary change in Texas, and whose steady leadership helped steer Frost Bank through banking crises in 1989 and 2008, has died at the age of 90, the bank that proudly bears his name confirmed this afternoon.
Frost suffered a stroke earlier this year. He led Frost Bank for 35 years before becoming Chairmen Emeritus in 1997.
Frost, was a major contributor to San Antonio's growth over the past half century. He was one of the creators of Hemisfair 68, and an early backer of what became the South Texas Medical Center.
But it was Frosts strong, steady hand of leadership that enabled Frost Bank to survive and thrive during several oil price crashes and recessions, and grow into what is now the largest Texas based bank.
"Frost celebrates its 150th anniversary this year," CEO Phil Green said. "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. All of us who knew Tom and learned from him will miss him terribly."
Praise for Mr. Frost's community leadership was instant.
"I've never known a more kind, honorable, and decent member of our community," said former Councilman and long time Chamber of Commerce CEO Joe Krier, who also praised Frost's work with education..
"His vision has made San Antonio a better place for thousands of schoolchildren in the past and for decades to come."