Charles Cooper announced last week that Frost Bank has completed
the conversion process and is now a state-chartered bank.
"Frost is the only one of the ten largest Texas-based banks to survive the
1980's crisis without merging or closing, and their commitment to Texas is
clear," said Chris Williston, President and CEO of IBAT. "We
appreciate the long-term partnership between IBAT and Frost, and their
commitment to community banking. This charter conversion is a strong
signal that they intend to remain a Texas-based force in the financial services
industry in our state for years to come."