Cullen/Frost Bankers will consolidate about 175 employees at a new office tower in Fort Worth, Texas, for which it will also be the anchor tenant.
The $27.8 billion-asset Cullen/Frost will occupy 73,000 square feet in the 25-story building, which will be named Frost Tower. Cullen/Frost is set to occupy the building in late 2017.
Frost Bank will occupy the lobby level will a retail branch. Frost will also house employees in the tower from Frost Wealth Advisors and Frost Insurance; its public finance and treasury management departments; and its regional headquarters.
The tower, developed by Anthracite Realty Partners in Fort Worth, is scheduled to open in 2017.
Cullen/Frost's consolidation plans in Fort Worth mirror what the company has done in other cities, including Dallas, Hadley Woerner, Frost's region president for Tarrant County, said in a news release.
Frost Bank was the 4th-largest bank in Tarrant County, with about 12% of the market, holding $4 billion in deposits, at June 30, according to the Federal Deposit Insurance Corp.