---
schema_version: "secwatch.filing_event.v1"
accession: "0000039263-23-000060"
form_type: "8-K"
ticker: "CFR"
cik: "0000039263"
company_name: "CULLEN/FROST BANKERS, INC."
filed_at: "2023-06-28T23:59:59+00:00"
generated_at: "2026-06-13T15:48:39.175992+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Frost Bank announces major Austin expansion: to double financial centers by 2026

## Summary
- Expansion will double number of financial centers in Austin region to 34 by 2026.
- 17 new financial centers planned; first opened in May 2023 in South Austin.
- Over 170 new jobs expected in the Austin region; 350 current employees.
- Company reports year-to-date net new customer growth up 25% vs prior record.
- Frost already ranks fourth in Austin deposit market share with >$5B deposits.

## SEC filing metadata
- accession: 0000039263-23-000060
- form_type: 8-K
- ticker: CFR
- cik: 0000039263
- company_name: CULLEN/FROST BANKERS, INC.
- filed_at: 2023-06-28T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39263/000003926323000060/0000039263-23-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39263/000003926323000060/cfr-20230627.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039263-23-000060
- JSON: https://secwatch.observer/filing/0000039263-23-000060.json
- Plain text: https://secwatch.observer/filing/0000039263-23-000060.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.