Officers & Directors

Management

Phillip D. Green , CHAIRMAN & CHIEF EXECUTIVE OFFICER/DIRECTOR

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Phil Green serves as chairman and chief executive officer of Cullen/Frost Bankers, Inc. and Frost Bank. Green joined the Cullen/Frost organization in July 1980 and served in a number of managerial positions in the company’s financial division before being named chief financial officer in 1995, a position he held until 2015 when he was named president of Cullen/Frost. He became chairman and CEO in 2016.

During Green’s tenure at Frost, the company has become one of the nation’s 50 largest banks and has increased its common stock dividend for 27 consecutive years. At the same time, Frost has won numerous accolades for excellence and customer service, earning the most Greenwich Excellence Awards for service to business clients among banks nationwide for five consecutive years, and receiving the highest ranking in customer satisfaction in Texas in the J.D. Power U.S. Retail Banking Satisfaction Study for 12 consecutive years. Frost has also ranked highly in the American Banker/Reputation Institute Survey of Bank Reputations and Forbes magazine’s list of America’s 100 Best Banks.

Green currently serves as chairman of the San Antonio Chamber of Commerce, and he is a founding member of the Corporate Partners for Racial Equity. He sits on the Board of Directors and chairs the Investment Committee of the Southwest Research Institute and on the University of Texas at Austin Chancellor’s Council Executive Committee, McCombs School of Business Advisory Council and the McCombs Scholars Program committee. As a member of the Board of Directors of The Tobin Center for the Performing Arts, Green serves as the vice chair and chair-elect. Green recently joined the University of Texas San Antonio Campaign Leadership Council and is a member of the Mid-Sized Bank Coalition where he is a former executive committee member. Green is a past member of the Executive Committee and Board of Trustees of the United Way of San Antonio and Bexar County. He previously served on the Federal Reserve Board’s Federal Advisory Council, serving the Fed’s 11th District.

Green graduated with honors from the University of Texas at Austin in 1977, earning a bachelor’s degree in accounting. Prior to joining Frost, he spent three years in public accounting with Ernst & Ernst. Phil and his wife, Sandy, have been married for 44 years and have six grown children.

Jerry Salinas, GROUP EXECUTIVE VICE PRESIDENT & CFO

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Jerry Salinas serves as group executive vice president & chief financial officer of Cullen/Frost Bankers, Inc. and Frost Bank. Since joining Frost in1986, Salinas has held various financial positions and was named treasurer in 1997 and chief financial officer in 2015. As treasurer, he was involved in all acquisitions and capital and debt transactions. Salinas is a member of AICPA and TSCPA, San Antonio Chapter, a member of Financial Executives International, and a former board member of the Alamo Public Telecommunications Council. A San Antonio native, Salinas earned a BBA in Accounting from the University of Texas at San Antonio and is a CPA.

Paul H. Bracher, PRESIDENT, CULLEN/FROST BANKERS, INC.

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Paul Bracher is president of Cullen/Frost Bankers, Inc. and serves as Chief Banking Officer at Frost Bank, where he oversees the bank’s region presidents and serves as a steward of all of Frost’s banking activities. Since joining the bank in 1981, Bracher has also worked in commercial lending, special assets and management at Frost Bank, Liberty Frost Bank and Parkdale Bank in Corpus Christi, which became branches of Frost. Prior to his association with Frost, Bracher was with the State of Texas’ Department of Banking.

Bracher has served as chairman of the South Texas Chapter of the National Multiple Sclerosis Society, including chairing its Education Committee, and has been a member of the Tourism Council of the Greater San Antonio Chamber of Commerce. He served as chairman of the Board of Directors of Mission Road Development Center. He was a member of the budget and personnel committees of Trinity Baptist Church in San Antonio and is a past member of Rotary Club of San Antonio.

A native of Uvalde, Texas, Bracher holds a Bachelor of Science degree from Texas A&M University, graduating in 1978 with a major in agricultural economics. He and his wife, Laurie, have two children, Clint and Whitney.

Patrick B. (Pat) Frost, PRESIDENT OF FROST BANK & GROUP EXECUTIVE VICE PRESIDENT OF FROST WEALTH ADVISORS/DIRECTOR SINCE 1997

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Mr. Patrick B. Frost is President of Frost Bank. A native of San Antonio, he earned a B.A. degree in Economics from Vanderbilt University and an MBA degree from The University of Texas at Austin. He is a director of the Christus Santa Rosa Health System, former chairman of the Free Trade Alliance of San Antonio, and former chairman of the Santa Rosa Children’s Hospital Foundation. Mr. Frost is also a trustee of the San Antonio Medical Foundation and serves on the board of trustees of United Way of San Antonio. He is on the Executive Committee of the San Antonio Livestock Exposition, and was advisory council chairman of the University of Texas at San Antonio College of Business. Mr. Frost was chair of the local organizing committee for the NCAA Men’s Final Four in 2004, 2008 and 2018 and chair of the Alamo Bowl in 2003 and 2013.

William L. Perotti, GROUP EXECUTIVE VICE PRESIDENT & CHIEF CREDIT OFFICER

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Bill Perotti serves as Group Executive Vice President and Chief Credit Officer for Frost Bank. He joined Frost in 1981 as an asset review analyst. In 1983, he was named manager of the asset review division for Cullen/Frost Bankers, Inc. He also served as Head of Credit Administration and was promoted to Group Executive Vice President in 2001. In May, 2005 he was named Chief Risk Officer for Cullen/Frost Bankers, Inc. In his present role, he serves as chairman of the bank's Loan Policy Committee and Central Credit Committee. Perotti is also a member of several executive management committees and serves as the Secretary for the Director's Risk Committee. He oversees credit policy development, implementation, monitoring and concurrence for all lending activities. Before joining Frost, Perotti was a National Bank Examiner with the Comptroller of the Currency.

He graduated cum laude from George Washington University in 1979 with a Bachelor of Arts degree in accounting. He is also a graduate of the Loan Portfolio Management School at Louisiana State University School of Banking.

Board Of Directors

Carlos Alvarez, DIRECTOR SINCE 2001

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Mr. Carlos Alvarez is chairman and CEO of The Gambrinus Company, which he founded in 1986 when he moved from his native Mexico with his family to San Antonio. Gambrinus is a leading U.S. craft brewer and marketer with breweries in Shiner, TX (The Spoetzl Brewery and Berkeley, CA (Trumer Brewery). He is committed to education and has served on the board of trustees of Davidson College, School Year Abroad and Saint Mary’s Hall (San Antonio) and is a member of the Chancellor’s Circle for the University of Texas system. Mr. Alvarez has made significant contributions to these and other educational institutions’ endowment programs, particularly those that drive greater international engagement. He is a board member of the World Affairs Council of America (Washington, DC) and the World Affairs Council of San Antonio, which he previously served as chairman; and he serves on the board of National Public Radio (Washington, DC).

Chris M. Avery, DIRECTOR SINCE 2015

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Dr. Chris M. Avery is Chairman and former CEO and President of James Avery Craftsman, Inc., a family-owned company founded by his father in 1954, to create finely crafted jewelry designs. Dr. Avery has served on the James Avery Craftsman, Inc. board of directors since 1989. A licensed physician and board certified anesthesiologist, he left his profession as chief of anesthesia at Sid Peterson Memorial Hospital in Kerrville, Texas in 1991 to assist in the transition and direction of the family business. He became president and chief operating officer in 1991 and later assumed the roles of CEO and chairman of the board in May 2007. Under his leadership, James Avery Craftsman, Inc., has become a national brand that designs, manufactures and sells jewelry in its own stores across the U.S. Dr. Avery earned a bachelor’s degree in biology from Stephen F. Austin State University and a medical degree from the University of Texas Medical School at San Antonio (now the University of Texas Health Science Center at San Antonio.) After an internship in orthopedic surgery, he worked as an ER physician in San Antonio and Kerrville. He completed an anesthesia residency at Medical Center Hospital in San Antonio and began his anesthesia practice in Kerrville. Dr. Avery is a former president of the Fredericksburg Hospital Authority board of directors and has served the boards of Hill Country Memorial Hospital in Fredericksburg, Texas and Sid Peterson Hospital in Kerrville.

Anthony R. Chase, DIRECTOR SINCE 2020

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Tony Chase is Chairman and CEO of ChaseSource LP. He grew up attending Houston public schools. Tony received a Stouffer scholarship for integrating elite private schools and attended Episcopal HS in Virginia. He is an honors graduate of Harvard College, Harvard Law School and Harvard Business School.

Tony is an entrepreneur. He started and sold three ventures and now owns and operates a fourth. The first, Chase Radio Partners founded in 1992, owned seven-radio stations and sold to Clear Channel Communications in 1998. The second was Cricket Wireless, a nationwide cell phone service provider that he started together with Qualcomm in 1993. He opened the first three Cricket markets in Tennessee selling to Leap Wireless in 1998. The third was ChaseCom, an enterprise that built and operated call centers around the world, which he sold to AT&T Corporation in 2007. Currently, Tony owns ChaseSource LP, a staffing, facilities management and construction firm. ChaseSource LP is presently ranked by Black Enterprise magazine as one the nation’s largest minority owned businesses.

Tony is also a principal owner of the Marriott Hotel at George Bush Intercontinental Airport in Houston. He currently serves on the boards of Cullen/Frost Bankers, Inc., Nabors Industries, Heritage-Crystal Clean, Inc. and LyondellBasell Corporation. In addition, his nonprofit board membership includes the Houston Endowment, Greater Houston Partnership, Texas Medical Center, and the MD Andersen Board of Visitors. He is past Deputy Chairman of the Federal Reserve Bank of Dallas and past Chairman of the Greater Houston Partnership. He is a member of the Council on Foreign Relations and an Eagle Scout.

Professor Chase is a tenured Professor of Law at the University of Houston Law Center where he began teaching in 1990 and was awarded tenure in 1995. He teaches several courses including Contracts, Entrepreneurship and Race & American Law.

Mr. Chase has received several awards including the Ernst & Young’s Entrepreneur of the Year, the Bob Onstead Leadership Award (GHP), Houston Technology Center’s Entrepreneur of the Year Award, Whitney M. Young Service Award, Pinnacle Award (Bank of America) Mickey Leland Humanitarian Award (NAACP), the Human Relations Award (American Jewish Committee) and the Baker Faculty Award (UH Law Center).

Cynthia Comparin, DIRECTOR SINCE 2018

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Ms. Cynthia Comparin is the founder and recently retired chief executive officer of Animato Technologies Corp., a private company providing business and technology solutions to enterprise clients. She held various senior executive positions in multibillion-dollar global technology corporations throughout her career. Ms. Comparin’s areas of expertise include: independent director corporate board experience, international business, strategy development, business development, finance and accounting (including M&A and divestitures). Ms. Comparin is an independent Director of Universal Display Corporation, a NASDAQ-listed company, where she serves on the Audit Committee. Ms. Comparin is also an independent director of Black Box Corporation, a NASDAQ-listed company and a National Association for Corporate Directors fellow. Prior to establishing Animato, Ms. Comparin created and was president of Alltel’s Enterprise Network Services Division, providing consulting, integration and operations services to worldwide customers. Before Alltel, Ms. Comparin was vice president and general manager for Nortel’s Network Transformation Services Division, general manager of Latin America for Recognition International, a global technology company, and spent 10 years in various US-based and international management positions at EDS, which was later acquired by HP.

Samuel G. Dawson, DIRECTOR SINCE 2017

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Mr. Samuel G. Dawson is Chief Executive Officer of Pape-Dawson Engineers, Inc., one of the largest and most respected engineering firms in Texas, with offices in San Antonio, New Braunfels, Austin, Houston, Dallas, and Fort Worth. He graduated from The University of Texas at Austin with a B.S. degree in Civil Engineering. In addition to managing the engineering firm, Mr. Dawson is a community leader who has contributed countless hours to various Texas organizations. He has served as President or Chairman of: Greater San Antonio Chamber of Commerce, The University of Texas Engineering Advisory Board, Trinity Baptist Church Deacon Council, The University of Texas at San Antonio Engineering Advisory Council, The Witte Museum Board, Texas Society of Professional Engineers, American Society of Civil Engineers, Rotary Club of San Antonio, San Antonio Mobility Coalition, Professional Engineers in Private Practice and Tobin Center for the Performing Arts. Mr. Dawson presently serves as Chairman Elect of the Board of Southwest Research Institute and is an active member of the Board of Habitat for Humanity. In 2013, Mr. Dawson was inducted into the University of Texas at Austin Cockrell School of Engineering Department of Civil, Architectural and Environmental Engineering Academy of Distinguished Alumni.

Crawford H. Edwards, DIRECTOR SINCE 2005

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Fort Worth, Texas native Mr. Crawford H. Edwards is president of Cassco Development Co., Inc. and is the fifth generation of his family involved in managing his family’s ranching business. Since 2005, he has been engaged in the investing in and managing of commercial real estate. After graduating with a bachelor of general studies degree from Texas Christian University and the TCU Ranch Management program, he worked as a petroleum landman in Midland, Texas. Mr. Edwards serves on the board of directors of the following organizations: Texas and Southwestern Cattle Raisers Association, the Southwestern Exposition Livestock Show, the National Finance Credit Corporation and Visit Fort Worth, where he is also a member of the executive committee.

Patrick B. (Pat) Frost, DIRECTOR SINCE 1997

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Mr. Patrick B. Frost is President of Frost Bank. A native of San Antonio, he earned a B.A. degree in Economics from Vanderbilt University and an MBA degree from The University of Texas at Austin. He is a director of the Christus Santa Rosa Health System, former chairman of the Free Trade Alliance of San Antonio, and former chairman of the Santa Rosa Children’s Hospital Foundation. Mr. Frost is also a trustee of the San Antonio Medical Foundation and serves on the board of trustees of United Way of San Antonio. He is on the Executive Committee of the San Antonio Livestock Exposition, and was advisory council chairman of the University of Texas at San Antonio College of Business. Mr. Frost was chair of the local organizing committee for the NCAA Men’s Final Four in 2004, 2008 and 2018 and chair of the Alamo Bowl in 2003 and 2013.

Phillip D. Green, DIRECTOR SINCE 2016

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Phil Green serves as chairman and chief executive officer of Cullen/Frost Bankers, Inc. and Frost Bank. Green joined the Cullen/Frost organization in July 1980 and served in a number of managerial positions in the company’s financial division before being named chief financial officer in 1995, a position he held until 2015 when he was named president of Cullen/Frost. He became chairman and CEO in 2016.

During Green’s tenure at Frost, the company has become one of the nation’s 50 largest banks and has increased its common stock dividend for 27 consecutive years. At the same time, Frost has won numerous accolades for excellence and customer service, earning the most Greenwich Excellence Awards for service to business clients among banks nationwide for five consecutive years, and receiving the highest ranking in customer satisfaction in Texas in the J.D. Power U.S. Retail Banking Satisfaction Study for 12 consecutive years. Frost has also ranked highly in the American Banker/Reputation Institute Survey of Bank Reputations and Forbes magazine’s list of America’s 100 Best Banks.

Green currently serves as chairman of the San Antonio Chamber of Commerce, and he is a founding member of the Corporate Partners for Racial Equity. He sits on the Board of Directors and chairs the Investment Committee of the Southwest Research Institute and on the University of Texas at Austin Chancellor’s Council Executive Committee, McCombs School of Business Advisory Council and the McCombs Scholars Program committee. As a member of the Board of Directors of The Tobin Center for the Performing Arts, Green serves as the vice chair and chair-elect. Green is also a member of the Executive Committee and Board of Trustees of the United Way of San Antonio and Bexar County. Green recently joined the University of Texas San Antonio Campaign Leadership Council and is a member of the Mid-Sized Bank Coalition where he is a former executive committee member. He previously served on the Federal Reserve Board’s Federal Advisory Council, serving the Fed’s 11th District.

Green graduated with honors from the University of Texas at Austin in 1977, earning a bachelor’s degree in accounting. Prior to joining Frost, he spent three years in public accounting with Ernst & Ernst. Phil and his wife, Sandy, have been married for 44 years and have six grown children.

David J. Haemisegger, DIRECTOR SINCE 2008

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Mr. David J. Haemisegger is president of the NorthPark Management Company, which manages NorthPark Center, a major shopping mall in Dallas, Texas. After graduating with a B.A. degree from Princeton University in his native New Jersey, he earned an MBA degree from the Wharton School at the University of Pennsylvania. He was president and chief operating officer of the Raymond D. Nasher Company until 1995, when he became president of NorthPark Management Company. Mr. Haemisegger is president and chairman of the board of trustees and the Acquisition, Audit and Finance Committees at both the Nasher Foundation and the Nasher Sculpture Center. In addition, he is a member of the Princeton University Art Museum Advisory Council, the Duke University Art Museum Board of Advisors, and the Graduate Executive Board for the Wharton School at the University of Pennsylvania. Mr. Haemisegger is a former member of the board of directors and the Audit, Loan and Executive Committees of NorthPark National Bank.

Karen E. Jennings, DIRECTOR SINCE 2001

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Ms. Karen E. Jennings was senior executive vice president of Human Resources and Corporate Communications at Southwestern Bell Corporation, which became AT&T, Inc. During her long tenure, she also held the positions of senior vice President operator services and president – Missouri for Southwestern Bell Telephone Company. Mrs. Jennings grew up in Carleton, Michigan, graduating from the University of Arkansas with a B.S. degree in Education. She also attended the executive education programs at the University of Michigan and Northwestern University. She served on the board of directors of Ladies Pro Golf Association for six years.

Charles W. Matthews Jr., DIRECTOR SINCE 2010

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Mr. Charles W. Matthews, formerly general counsel of Exxon Mobil Corporation, spent his entire career at Exxon, the world’s largest energy company. A native of Houston, he graduated from The University of Texas at Austin with a B.A. degree in government. He also earned a J.D. degree from the University of Houston and joined Humble Oil, now known as Exxon Mobil, upon graduation. He rose in the law department to become vice president and general counsel of Exxon Mobil. He was responsible for coordinating the legal and regulatory efforts to facilitate the merger between Exxon Corporation and Mobil Corporation. As general counsel, Mr. Matthews oversaw the company’s law department, consisting of more than 460 lawyers with offices in 40 countries. He is a member of the advisory board and the past chairman of the University of Houston Law Foundation. Mr. Matthews is also past-chair and past-president of the University of Texas Ex-Students Association and a member of the Texas Exes Scholarship Foundation and member of the Board of the University of Texas Foundation. He serves on the boards of Trinity Industries Inc., and Children’s Medical Center of Dallas and is past chair of the Texas Cultural Trust.

Ida Clement (Weisie) Steen, DIRECTOR SINCE 1996

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A native of Kingsville, Texas, Mrs. Ida Clement (Weisie) Steen gained investment experience through managing personal holdings for the past 40 years. She is a member of the MD Anderson Cancer Center Board of Visitors as well as regent emerita for the Texas A&M University System, where she served on the Finance Committee and as special liaison to the Texas Growth Fund Board. She is an advisory board member of Texas A&M University-San Antonio, which conferred upon her an honorary Doctor of Letters degree in 2011. A graduate of Trinity University, she was a teacher and administrator at Learning About Learning Educational Foundation. She chaired the 2011 Texas Inaugural Committee and the 150th anniversary celebration of King Ranch, Inc. Mrs. Steen has served as chair of the board of trustees of San Antonio Academy and as vice-chair and trustee of the Santa Rosa Children’s Hospital Foundation Endowment Fund. She served on the six-member Texas State Preservation Board, which is chaired by the governor and oversees the State Capitol, the Texas State History Museum and the Governor’s Mansion. She recently completed a six-year term on the Texas Alcoholic Beverage Commission, the agency that regulates all phases of the alcoholic beverage industry in Texas.