In October 2018, Frost Bank announced that it would nearly double the number of financial centers it has Houston region, starting late that year and continuing through 2020. As of the end of October, seven of these new financial centers have already opened, and Frost expects to open 18 more by the end of next year. The new financial centers will be in communities throughout the Houston region, including one in the Third Ward, where a groundbreaking celebration took place on October 23.
The event, which took place at the new financial center's construction site at 3432 Scott St., featured remarks by elected officials including Houston Mayor Sylvester Turner and U.S. Rep. Sheila Jackson Lee, as well as Frost CEO Phil Green. The Texas Southern University Ocean of Soul Drum Line performed while the official groundbreaking took place.
Frost's expansion in the Houston region will create more than 200 new jobs, the majority of which have already been filled. Additional economic development in the Houston area will result from design, construction and renovation activities.
Frost already had strong roots in Houston before this expansion project was announced, having first expanded there back in 1977 and operating 32 financial centers with around 600 employees in Houston. Based on the size and growing economy of the Houston region, Frost continues to see ample opportunities for more expansion in the region.