Cullen/Frost Bankers Closes Merger Of Western National

(RTTNews) - Cullen/Frost Bankers Inc (CFR) Friday announced the completion of the merger of Western National Bank into Frost Bank, the banking subsidiary of Cullen/Frost.

Effective at the close of business Friday, June 20, the seven Western National Bank locations in Midland and Odessa become offices of Frost Bank and will operate under the Frost name, bringing the number of Frost financial centers statewide to more than 120.

At closing at the end of May, the Western National Bancshares Inc acquisition added $1.8 billion in assets, $1.6 billion in deposits and $668.3 million in total loans to Cullen/Frost.

"This merger strengthens our Texas franchise and gives us an entry into the dynamic Permian Basin markets of Midland and Odessa," said Dick Evans, chairman and CEO of Cullen/Frost.