San Antonio, Texas, February 5, 2026
Cullen/Frost Bankers, Inc. has appointed Marsha M. Shields and Jeff Rummel to its Board of Directors, effective January 30, 2026, while Chris Avery will retire in April 2026. This leadership shift aims to reinforce governance as the bank continues to expand in the competitive financial sector. The new members bring extensive experience and regional expertise, signaling the company’s commitment to fostering innovation and community engagement in San Antonio.
San Antonio, Texas – Cullen/Frost Bankers Appoints Two New Directors, Announces Retirement of Chris Avery
San Antonio, Texas – Cullen/Frost Bankers, Inc. has recently made significant changes to its leadership team by appointing Marsha M. Shields and Jeff Rummel to its Board of Directors, effective January 30, 2026. This transition also includes the retirement announcement of Chris Avery, who has served on the board since 2015, effective April 2026. Such changes reflect the company’s strategic direction and commitment to strengthening its governance structure as it continues to grow and adapt in the competitive financial sector.
This strategic move comes at a time when San Antonio, known for its entrepreneurial spirit and resilient small businesses, continues to thrive economically. By fostering a business-friendly environment with lower regulatory burdens, local financial institutions like Cullen/Frost Bankers can better support the community, encouraging investments and innovative startups that boost the Bexar County economy.
New Board Appointments
Marsha M. Shields is recognized for her leadership as the CEO and Managing Partner of McCombs Enterprises, where she oversees a diverse portfolio of businesses including the renowned Red McCombs Automotive Group. Her extensive experience in business management and philanthropy, as well as her service on various community boards like the Texas Biomedical Research Institute, brings invaluable insight to Cullen/Frost’s direction.
Jeff Rummel, founder and CEO of Rummel & Associates, adds a wealth of expertise in public affairs and strategic communications, having previously served as a senior advisor to Texas Governor Rick Perry. His strong connections and deep understanding of the regional business landscape will likely influence Cullen/Frost’s approach to community engagement and policy advocacy.
Retirement Announcement
Company Overview
Cullen/Frost Bankers, Inc. operates as a financial holding company with impressive assets totaling $53 billion as of December 31, 2025. The company’s subsidiary, Frost Bank, is dedicated to providing a comprehensive range of banking services, including investments and insurance, to businesses and consumers across Texas. This positions Cullen/Frost as a key player in the state’s economic landscape, further enhancing the resilience of local businesses.
Stock Information
Cullen/Frost Bankers, Inc. (CFR), now listed on the NYSE, is experiencing growth, with a current stock price of $142.36 as of February 5, 2026. The stock has shown positive movement, reflecting investor confidence in the bank’s leadership and strategic direction.
Conclusion
Cullen/Frost Bankers’ leadership changes signal a proactive approach in navigating the demands of a rapidly evolving financial environment. The appointments of Shields and Rummel stand to reinforce the company’s commitment to fostering innovation and community engagement in San Antonio. As the city continues to encourage entrepreneurship and private investment, these developments underscore the importance of robust leadership in driving economic progress. Local residents and stakeholders are encouraged to stay engaged with their financial institutions and support initiatives that fuel economic growth in the community.
FAQ
- Who are the new directors appointed to Cullen/Frost Bankers’ Board?
- Marsha M. Shields and Jeff Rummel have been appointed to the Board of Directors of Cullen/Frost Bankers, Inc. effective January 30, 2026.
- What positions do Marsha M. Shields and Jeff Rummel hold?
- Marsha M. Shields is the CEO and Managing Partner of McCombs Enterprises, while Jeff Rummel is the founder and CEO of Rummel & Associates, a public affairs and strategic communications firm.
- Who is retiring from Cullen/Frost Bankers’ Board?
- Chris Avery, a director since 2015, will retire upon the completion of his term in April 2026.
- What is Cullen/Frost Bankers, Inc.?
- Cullen/Frost Bankers, Inc. is a financial holding company with $53 billion in assets as of December 31, 2025. Its subsidiary, Frost Bank, provides a full range of banking, investments, and insurance services to businesses and individuals across Texas.
- What is the current stock price of Cullen/Frost Bankers, Inc.?
- As of February 5, 2026, the stock price of Cullen/Frost Bankers, Inc. (CFR) is $142.36, with a change of $1.81 (1.29%) from the previous close.
| Feature | Details |
|---|---|
| New Directors Appointed | Marsha M. Shields and Jeff Rummel |
| Retiring Director | Chris Avery |
| Company Overview | Cullen/Frost Bankers, Inc. is a financial holding company with $53 billion in assets as of December 31, 2025. Its subsidiary, Frost Bank, provides a full range of banking, investments, and insurance services to businesses and individuals across Texas. |
| Stock Information | As of February 5, 2026, the stock price of Cullen/Frost Bankers, Inc. (CFR) is $142.36, with a change of $1.81 (1.29%) from the previous close. |
Deeper Dive: News & Info About This Topic
HERE Resources
Cullen/Frost Bankers Inc. Announces New Board Members
San Antonio Emerges as Texas’ Leading City for Business Operations
Author: STAFF HERE SAN ANTONIO WRITER
The SAN ANTONIO STAFF WRITER represents the experienced team at HERESanAntonio.com, your go-to source for actionable local news and information in San Antonio, Bexar County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Fiesta San Antonio, San Antonio Stock Show & Rodeo, and Dia de los Muertos. Our coverage extends to key organizations like the Greater San Antonio Chamber of Commerce and United Way of San Antonio and Bexar County, plus leading businesses in retail, insurance, and energy that power the local economy such as H-E-B, USAA, and Valero Energy. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREDallas.com, and HEREHouston.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
