Frost Bank, a prominent subsidiary of Cullen/Frost Bankers, Inc. (NYSE: CFR), has commenced the construction of a new financial center in North Irving/Las Colinas. The groundbreaking event was graced by Irving Mayor Rick Stopfer, who expressed his pleasure in witnessing the expansion of Frost Bank in the region.
The new Frost Financial Center will be situated at 7460 N. State Highway 161, near the intersection with Las Colinas Blvd. in Irving, Texas. As part of their expansion program through-out Texas, Frost Bank aims to bolster its presence in the rapidly growing North Irving/Las Colinas region.
Frost Bank, established in 1868, has become a leading financial institution in Texas, operating an extensive network of 174 financial centers across the state. The bank serves major markets such as Austin, Corpus Christi, Dallas, Fort Worth, Houston, Permian Basin, Rio Grande Valley, and San Antonio regions.
According to reliable state and local economic development sources, Frost Bank is investing a significant sum of $7,000,000.00 to build out 6,663 square feet of space for the new Las Colinas location. This move is expected to not only cater to the increasing demands of customers in the area but also create potential employment opportunities for the local community.
The forthcoming Frost Financial Center will offer a wide range of banking services and is poised to further strengthen Frost Bank's commitment to delivering quality financial solutions to its customers.