L. Russel

Founded in 1999, Frost Securities, Inc. (FSI) is an investment banking firm and broker/dealer located in Dallas, Texas. The firm is a wholly-owned subsidiary of Cullen/Frost Bankers, Inc. (NYSE: CFR). They provide clients with financial advisory services related to mergers & acquisitions, recapitalizations and board-level analyses of strategic alternatives. FSI's execution capabilities include raising private institutional capital such as senior debt, mezzanine debt, preferred stock and common stock. The firm provides services primarily to middle-market companies in the Southwestern US. FSI's experience covers a wide range of comprehensive capital structure alternatives across a variety of industries including general industrial, healthcare, manufacturing, media, restaurant/food services, retail, business services, financial services, technology and telecommunications. Frost Securities is a member of FINRA.