Frost Bank is set to open a new location in Richardson later this year, Bill Day, senior vice president of corporate communications, confirmed in an email.

Day said the financial center will most likely open in late summer or early fall and will be the second Frost Bank location in Richardson. The new location is part of Frost’s ongoing expansion project to triple its locations in the Dallas region, Day said.

The financial center will offer full banking services to consumer and business customers, as well as investment and insurance services.