I like the way the bank is being run. You apparently don't. Rather than tell someone like me on some dumb message board, why don't you call evans and express your point of view? Even if you don't get him, someone will listen to you and pass the word. Here's my 2 cents. If they are doing what I think they are doing I think you will be pleasantly surprised with what they do with that cash over the next 12-18 months. And that's all I'm going to say because I am only speculating on what might be their plan and I have nothing to base my opinions on other than what I would be doing were I in their shoes in this banking market. Your milage may vary. I'm a reasonably smart guy and the Frost management types I've met are reasonably smart guys and girls, so I am merely extrapolating that they would be likely to take what I would consider to be reasonably smart actions over the next year and a half or so. The way I see it, there's no pressing need to get that money to work immediately, especially if you have plans for it that extend beyond the next quarterly earnings report. I've read your posts for awhile and you seem like a reasonably smart guy too, and I bet you could figure out a likely scenario if you were to scale out your time horizon from 12-18 weeks to 12-18 months.
Oh yeah....if you know where I can get a mmf these days that pays 3+% like clockwork, please let me know.