Cullen/Frost to redeem $13.4M in trust preferred securities on Oct 23, 2021

CULLEN/FROST BANKERS, INC.

Redemption of all Floating Rate Junior Subordinated Debt Securities due 2034 (principal $13,403,000) triggers full redemption of WNB Capital Trust I securities.
Capital Securities ($13M) and Common Securities ($403K) redeemed pro rata at 100% of principal plus accrued interest ($85,215.14).
Redemption date October 23, 2021; holders must surrender physical certificates to Wilmington Trust.
Company's total assets were $46.7B at June 30, 2021.

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