TITLE

Frost's Summit Deal Could Spur Its Negotiated Underwriting Unit

AUTHOR(S)
Albanese, Elizabeth
PUB. DATE
July 2006
SOURCE
Bond Buyer;7/6/2006, Vol. 357 Issue 32417, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the proposed acquisition of Summit Bancshares Inc. of Forth Worth by Cullen/Frost Bankers Inc. of San Antonio, Texas. The proposed acquisition could pave the way for additional investment banking business by Frost's underwriting negotiated division. The planned merger of both companies is expected at a value of $363 million through the approval of the agreement late this year. Frost Bank has added underwriting to its slate of commercial and consumer banking products.
ACCESSION #
21515744

 

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