One of the largest independent bank holding companies in Texas, Cullen/Frost Bankers owns Frost Bank and other financial subsidiaries through a second-tier holding company, The New Galveston Company. The community-oriented bank serves individuals and local businesses, as well as clients in neighboring parts of Mexico, through 120-plus branches in Texas metropolitan areas. It offers commercial and consumer deposit products and loans, trust and investment management services, mutual funds, insurance, brokerage, and leasing. Subsidiaries include Frost Insurance Agency, Frost Brokerage Services, Frost Investment Advisors, and investment banking arm Frost Securities. Cullen/Frost has total assets of $26.5 billion.