SAN ANTONIO, April 26, 2011 /PRNewswire/ -- For the second consecutive year, Frost Bank has received the highest ranking in customer satisfaction in Texas in the J.D. Power and Associates 2011 U.S. Retail Banking Satisfaction Study(SM).
This is the sixth year J.D. Power and Associates studied retail banking but only the second year Frost was eligible for ranking. Frost was first included in 2010, when J.D. Power and Associates first conducted a separate ranking for banks in Texas.
With an index score of 849, 20 points higher than its 2010 ranking, Frost ranked highest in customer satisfaction among retail banks operating in Texas, 90 index points above the Texas region average of 759.
Survey respondents gave Frost particularly high satisfaction marks for product offerings, account activities – which includes in-person, live phone, online and ATM activities – account information and fees, according to J.D. Power and Associates.
"Taking great care of customers is in our corporate DNA and has always been a significant focus for our company," said Paul Olivier, group executive vice president, consumer banking at Frost. "Customers appreciate the way we've done business for 143 years, and we know this award would not be possible without their enthusiasm for Frost. We thank J.D. Power and Associates for this recognition."
About Frost Bank
Cullen/Frost Bankers, Inc. (NYSE: CFR) is a financial holding company, headquartered in San Antonio, with $17.6 billion in assets at December 31, 2010, 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.
About J.D. Power and Associates
Headquartered in Westlake Village, Calif., J.D. Power and Associates is a global marketing information services company providing forecasting, performance improvement, social media and customer satisfaction insights and solutions. The company's quality and satisfaction measurements are based on responses from millions of consumers annually. For more information on car reviews and ratings, car insurance, health insurance, cell phone ratings, and more, please visit JDPower.com. J.D. Power and Associates is a business unit of The McGraw-Hill Companies.
SOURCE Frost Bank