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Cullen/Frost Bankers, Inc. Message Board

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  • janusdealer janusdealer May 3, 2011 5:07 PM Flag

    Frost Purchases Clark Benefit Group

    thanks for the post. not noted elsewhere. wonder if they will buy more of these agencies? I was thinkin more money mgmnt type...

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    • ...I expect to see more to come but I also expect mgmt to make darn sure it's a smart move before they spend on aquisitions. When you currently don't have problems, it's not a good idea to go out and buy some.

      • 1 Reply to renaissancebubba
      • as I understand the new acctg rules on bank acquisitions (and it helps explain the paucity of them) the acquiring bank must "mark to market (not model etc) the value of the assets.
        So as you say no point in looking for problems. But I still believe cfr is going to have a hard time growing b/c of the competition they face in the major Texas cities. Couple that with their avoidance of the smaller Texas markets they will find it hard to compete with WFC, JPM, BAC and a few others.
        More Texans with a few bucks are moving into the ex-urbs and will not find a cfr branch to continue their banking needs.
        In other words I would like to see them move into the "2nd tier" (by population!) cities. Say an East Texas and build their market share there. Or a Midland-Odessa market. IS cfr in El Paso? or the Rio Grande valley (mcAllen, Brownsville, Harlingen and grow to Laredo).
        The Spanish banks are here with the acq of Texas Regional and State. The Japanese bank Mitsubishi (sp?) wants to have a major USA presence. SO with all these greedy bankers CFR must grow.
        Have a good week end. And here is trusting cfr to do the right thing(s)!

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