Retired San Antonio banker Tom Frost recovering from stroke
Retired San Antonio banker Tom Frost is recovering from surgery following a stroke.
Frost, 90, has been in the hospital since July 13 when he suffered a “bleeding stroke,” said his son Don Frost. Such a stroke involves a ruptured blood vessel that causes bleeding inside the brain.
“He’s recovering from a high-risk surgery” to remove pressure on the brain, Don Frost said today. “He’s resting comfortably. We’re happy with how he’s progressing, but it’s difficult.”
Tom Frost is chairman emeritus of Cullen/Frost Bankers Inc., the parent company of Frost Bank, the largest regional bank based in San Antonio. He is the great-grandson of the bank’s founder, who launched the bank in 1867.
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The family has received an outpouring of well-wishes from the community, but Don Frost asked that the family’s privacy be respected during his father’s recovery.
Tom Frost is a “very active” nonagenarian and was even in his office the morning of the day he had the stroke, Don Frost said. The stroke was not caused by a fall, Don Frost said.
“He’s a strong, healthy 90-year-old, and we are anticipating a recovery,” Don Frost said. Tom Frost is receiving “excellent care” from medical staff but Don Frost didn’t want to disclose the hospital.
Tom Frost joined Frost Bank as an assistant cashier in 1950. He became president in 1962 and took over running the bank in 1971 when his father, Tom Frost III, died. He retired as chairman and CEO in 1997.
He has been active in San Antonio’s growth. He was an original backer of the HemisFair 1968 World’s Fair, which he said taught the San Antonio business community how to make big projects happen.
“It was the generator of how to work together to get something done,” he told the San Antonio Express-News earlier this year.
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While HemisFair served as a huge boost for tourism, it was a money-losing endeavor. Frost Bank, along with numerous other institutions, underwrote the fair’s operating costs. It was underwritten three times; Tom Frost oversaw fundraising for the last one.
“I individually raised ... $3 million to save the fair,” Frost recalled in an interview three years ago. “I’ll tell you, it was done on my knees at Christ Episcopal Church, most of it.” He had to tell contributors they’d lose every dime.
Tom Frost and his wife, Patricia, have four sons — Tom, Bill, Don and Pat, 12 grandchildren and two great-grandchildren. Don Frost, 60, is a Frost Bank executive vice president, and Pat, 58, is the bank’s president. Tom, 66, retired from the bank in May.
Patrick Danner is a staff writer in the San Antonio and Bexar County area. Read him on our free site, mySA.com, and on our subscriber site, ExpressNews.com. | email@example.com | Twitter: @AlamoPD