SAN ANTONIO, July 21, 2011 /PRNewswire/ -- Frost Bank has
changed the name of its Frost Leasing division to Frost Equipment
Leasing and Finance, according to Harry
Kaplun, president of Frost Equipment Leasing and
Finance.
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"The new name better reflects the way we do business today and
the variety of products we offer," said Kaplun. "Our
customers need more than lease products, so we offer specialized
equipment finance solutions to the broad spectrum of customers
Frost serves."
"Our bankers know that if a customer wants to acquire equipment,
they should be talking to the experts, and they bring us into the
conversation," said Kaplun. "We help customers figure out the
most efficient way to acquire equipment, with the most flexibility
and tax benefit possible."
Frost offers equipment financing for any type of equipment in
any industry, municipality or non-profit, including printing,
manufacturing and fabrication equipment, trucks, trailers and
construction equipment and medical equipment. In recent
years, Frost has started to provide specialized equipment financing
of airplanes, rail cars and vessels.
Frost Leasing was established in 2001, and in its 10 years as a
division of the bank, it has grown to become the 70th largest
equipment leasing and finance company in the U.S., according to the
Monitor 100. With a staff of 12, Frost Equipment
Leasing and Finance has $264 million
in assets as of June 30, 2011.
Frost Equipment Leasing and Finance is also one of the companies
that comprise the MLFI 25, or the Monthly Lease Finance Index,
which is published each month by the Equipment Leasing and Finance
Association (ELFA).
Frost is the banking subsidiary of Cullen/Frost Bankers, Inc.
(NYSE: CFR), a financial holding company headquartered in
San Antonio, with assets of
$17.9 billion at March 31, 2011 and more than 110 financial
centers throughout Texas. One of
24 U.S. banks included in the KBW Bank Index, Frost provides a wide
range of banking, investments and insurance services to businesses
and individuals in the Austin,
Corpus Christi, Dallas, Fort
Worth, Houston, Rio Grande
Valley and San Antonio regions.
Founded in 1868, Frost has helped clients with their financial
needs during three centuries. Additional information is available
at frostbank.com.
Renee Sabel
(210) 220-5416
SOURCE Frost Bank