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Banking industry

Cullen/Frost Bankers Announces Retirement of CFO, Jerry Salinas, and Leadership Changes

Strategic Insights

— 1 min read

As of 2024, Cullen/Frost Bankers, Inc. announced the retirement of group executive vice president and chief financial officer Jerry Salinas, who has served the company since 1986. Salinas was instrumental in various major initiatives, including acquisitions and expansion projects, and has been a trusted adviser and friend to CEO Phil Green. He will be replaced by Dan Geddes, who will assume the role of chief financial officer on January 1, 2025. Longtime commercial banker Clay Jones has been named the new San Antonio region president, and Matt Henson will assume the role of chief accounting officer on the same date.

Key Takeaways:

  • Jerry Salinas will retire as group executive vice president and chief financial officer at the end of 2024, having served the company since 1986.
  • Dan Geddes will step down from his current position as San Antonio Region President to assume the role of chief financial officer on January 1, 2025.
  • Longtime San Antonio commercial banker Clay Jones has been named the new San Antonio region president, effective immediately.
  • Matt Henson, an executive vice president with 21 years of experience, will assume the role of chief accounting officer on January 1, 2025.
  • Cullen/Frost Bankers, Inc. has over $49.5 billion in assets as of March 31, 2024.
  • The company provides a full range of banking, investments, and insurance services to businesses and individuals in various regions, including Austin, Corpus Christi, Dallas, Fort Worth, Houston, and San Antonio.
  • Jerry Salinas has held several positions at Frost, including bank and corporate controller in 1989 and treasurer in 1997.

Statistics:

  • Cullen/Frost Bankers, Inc. has over $49.5 billion in assets as of March 31, 2024.
  • Jerry Salinas has served the company for 38 years, having joined in 1986.
  • Dan Geddes has 27 years of experience as a commercial banker at Frost.
  • Matt Henson has 21 years of experience in Frost's accounting division.
  • Cullen/Frost Bankers, Inc. is one of the 50 largest U.S. banks by asset size.

Sources:

  • Cullen/Frost Bankers, Inc. press release, San Antonio, July 1, 2024 /PRNewswire/.
  • Source: Cullen/Frost Bankers, Inc.

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