On July 1, 2024, Jerry Salinas notified Cullen Frost Bankers, Inc. (the Company) of his intention to retire as Chief Financial Officer of the Company and Frost Bank effective as of December 31, 2024. Salinas has worked at Frost since 1986 in several positions, including being named bank and corporate controller in 1989 and treasurer in 1997. He became senior executive vice president and treasurer in 2001 and was named to his current position in 2015.

Effective immediately, Frost?s San Antonio Region President Dan Geddes will step down from his current position as he transitions to assume the role of chief financial officer on January 1, 2025. Geddes will join Frost?s executive leadership team in the interim. On July 1, 2024, the Company announced that Dan Geddes will be appointed to the position of Group Executive Vice President and Chief Financial Officer effective as of January 1, 2025.

Mr. Geddes, age 50, joined the Company in 1997 and served as the San Antonio Region President from August 2021 to present. Prior to that time, he served as a Market President and the Houston Expansion Lead from October 2018 to August 2021 and held the position of Sales Manager for the Commercial Real Estate group from November 2014 to October 2018. Mr. Geddes began his career as a credit analyst in Credit Administration at Frost Bank and held various other positions with increasing responsibility within Frost Bank since 1997.

Mr. Geddes graduated from Trinity University with a B.S. in Business Administration with a concentration in Accounting and Finance.