The board of directors of Cullen/Frost Bankers, Inc. announced that Graham Weston, founder of Weston Urban LLC and co-founder and former CEO of Rackspace Hosting Ltd., has been elected to the board.

"We're happy to welcome Graham to the board," said Phil Green, Cullen/Frost Chairman and CEO. "He brings a unique perspective due to his knowledge and experience in the technology industry. He has insight into a wide variety of areas, including the increasingly important world of cybersecurity and in extending technology to customers."

Weston is a graduate of Texas A&M University. He co-founded Rackspace in 1998 and grew it to a $2 billion company at the time of its sale in 2016. He also founded Weston Urban to focus on downtown real estate development and has taken an active role in helping to revitalize San Antonio's urban core and entrepreneurialism. He was instrumental in the creation of Geekdom and funds the 80/20 Foundation for the purpose of investing in programs to encourage entrepreneurship, technology education, and development in downtown San Antonio.

Cullen/Frost Bankers, Inc. (NYSE: CFR) is a financial holding company, headquartered in San Antonio, with $30.5 billion in assets at March 31, 2017. One of the 50 largest U.S. banks, Frost provides a wide range of banking, investments and insurance services to businesses and individuals across Texas in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Permian Basin, 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.