Bottom line...hostile takeovers in the banking industry are almost impossible to pull off. and CFR mgmt doesn't want to sell...apparently. makes the likelihood of something happening in the near future (i.e., next several years) very remote in my mind.
Having been an analyst for this company and now an analyst for another financial institution in another state. I can say great things for them. Very well run with excellent credit quality and leadership. Top management has stated they are not in the market to sell, and they receive offers constantly without entertaining them. They also do not seek to expand outside of Texas or into rural areas. However if Tom C Frost passed away I think the idea of selling would be entertained. Dick Evans is a solid CEO as well.