CULLEN/FROST BANKERS ANNOUNCES TWO ADDITIONS TO BOARD OF DIRECTORS; AVERY TO RETIRE

Core Insights - Cullen/Frost Bankers, Inc. has elected two new directors, Marsha M. Shields and Jeff Rummel, to its board of directors [1][2] Group 1: New Board Members - Marsha M. Shields is the CEO and Managing Partner of McCombs Enterprises, overseeing various businesses and holding significant positions in multiple organizations, including the McCombs Foundation and the Texas Biomedical Research Institute [2] - Jeff Rummel has over 37 years of experience at Ernst & Young, serving as managing partner of the San Antonio office and lead audit partner for publicly traded companies in the financial services sector [3] Group 2: Board Changes - Chris Avery, a director since 2015, will retire from the board when his term expires in April 2026, having contributed during significant initiatives and challenges, including the pandemic [4][5] Group 3: Company Overview - Cullen/Frost Bankers, Inc. is a financial holding company with $53 billion in assets as of December 31, 2025, and is one of the 50 largest U.S. banks by asset size, providing a full range of banking, investments, and insurance services [5]